Four community bank experts have been appointed to a Federal Reserve Bank of Minneapolis advisory council, effective immediately.
Debora Almirall, president and CEO of Minnesota Power Employees Credit Union in Duluth, Minnesota; Cathy Couey, chief operating officer of Sterling Bank in Chetek, Wisconsin; Roxanne Daust, president and CEO of Range Bank in Marquette, Michigan; and Dale Turner, president and CEO of TruStone Financial in Plymouth, Minnesota, will join seven other members of the Community Depository Institutions Advisory Council.
This advisory council 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. Members are appointed by the Minneapolis Fed president.
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.