Two credit union CEOs join eight bankers named to the Community Depository Institutions Advisory Council by the Federal Reserve.
Along with eight bankers, the panel named last week includes Glenn Barks, president/CEO of the $1.9 billion First Community Credit Union in Chesterfield, Mo., and Michael Castellana, president/CEO of the $2.5 billion State Employees FCU in Albany, N.Y.
The council advises the board on the economy, lending conditions, and other issues and its members are selected from representatives of commercial banks, thrift institutions, and credit unions serving on local advisory councils at the 12 Federal Reserve Banks, the Fed said.
The panel meets twice a year with the Federal Reserve Board in Washington.
Castellana also was named chairman of the New York Fed's local advisory council, the Fed said.
Charles H. Majors, executive chairman of American National Bank and Trust Company, Danville, Va., will serve as president of the CDIAC in 2013, the Fed said. Drake Mills, president and chief executive officer of Community Trust Bank, Ruston, La., will serve as vice president.
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