St. Louis Fed Appoints Members of Banking Advisory Council

ST. LOUIS ― The Federal Reserve Bank of St. Louis has appointed four new members to its Community Depository Institutions Advisory Council (CDIAC), which advises St. Louis Fed President James Bullard on the credit, banking and economic conditions facing council members’ institutions and local communities.

The new members who will serve three-year terms ending in 2020 are:

• Roy Molitor “Mott” Ford Jr., vice chairman and CEO, Commercial Bank and Trust Co., Paris, Tenn.
• Margaret “Marnie” Oldner, CEO, Stone Bank, Mountain View, Ark.
• Marvin Veatch, president and CEO, Jackson County Bank, Seymour, Ind.

Gary Hudson, president and CEO, Farmers and Merchants Bank, Stuttgart, Ark., also was appointed to the council and will serve a two-year term ending in 2019.

Additionally, current member Ann Cowley Wells was appointed to a three-year term as council chair starting in 2018. She is chair and co-CEO, Commonwealth Bank and Trust Co., Louisville, Ky.

Other members who will continue their service this year are:

• Kevin Beckemeyer, president and CEO, Legence Bank, Eldorado, Ill.
• Russell “Rusty” Bennett, president and CEO, First National Bank of Clarksdale, Clarksdale, Miss.
• David Bentele, president and CEO, Citizens National Bank of Greater St. Louis, Maplewood, Mo.
• Shaun Burke, president and CEO, Guaranty Bank, Springfield, Mo.
• David Doedtman, president and CEO, Washington Savings Bank, Effingham, Ill.
• Craig Esrael, president and CEO, First South Financial Credit Union, Bartlett, Tenn.
• Karen Harbin, president and CEO, Commonwealth Credit Union, Frankfort, Ky.

The CDIAC was established by the St. Louis Fed in 2011 and comprises 12 executives of smaller financial institutions headquartered across the Federal Reserve’s Eighth District. The council meets twice a year to advise President Bullard. The chair of the CDIAC also has the responsibility of reporting twice yearly to the Federal Reserve Board of Governors in Washington, D.C.

For more information, see the St. Louis Fed’s CDIAC page, or for more information and background about all of the Federal Reserve CDIACs, see the Federal Reserve Board of Governors’ website.