Three new community bank experts have been appointed to a Federal Reserve Bank of Minneapolis advisory council. The Community Depository Institution Advisory Council (CDIAC) provides information, advice, and recommendations to Minneapolis Fed President Neel Kashkari from the perspective of thrifts, credit unions, and banks in the Ninth District with total assets of less than $10 billion.
“I am excited to welcome the new council members to the Bank, and I look forward to hearing their unique and diverse perspectives,” Kashkari said. “Members provide valuable input not just on the state of banking in the Ninth District; they also give us insight into the region’s economy.”
Shari Laven, CEO of Viking Bank in Alexandria, Minn., is the CDIAC’s newly appointed chair. The chair of the Minneapolis CDIAC represents the Ninth District at meetings of the Board of Governors CDIAC in Washington, D.C.
Members are appointed by and advise the Minneapolis Fed president.
President, Heartland Credit Union in Inver Grove Heights, Minn.
President and CEO, Park City Credit Union, Merrill, Wis.
President and CEO, First State Bank Southwest, Worthington, Minn.
CFO and EVP, Home Federal Savings Bank, Rochester, Minn.
President and CEO, Delta County Credit Union, Escanaba, Mich.
Chairman, Cornerstone Bank , New Town, N.D.
Senior Vice President, Bridgewater Bank, Bloomington, Minn.
President and CEO, Dacotah Bank, Aberdeen, S.D.
President and CEO, Fishback Financial Corporation, Brookings, S.D.
President, Home State Bank, Willmar, Minn.
President, Eagle Bank, Polson, Mont.
The Federal Reserve Bank of Minneapolis is one of 12 regional Reserve Banks that, with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the nation’s central bank. The Federal Reserve Bank of Minneapolis is responsible for the Ninth Federal Reserve District, which includes Montana, North and South Dakota, Minnesota, northwestern Wisconsin and the Upper Peninsula of Michigan. The Federal Reserve Bank of Minneapolis participates in setting national monetary policy, supervises numerous banking organizations, and provides a variety of payments services to financial institutions and the U.S. government.