Press Release:
Boston Fed Announces 12 Members of Community Depository Institutions Advisory Council
February 28, 2011
Contact:
Thomas L. Lavelle, Vice President and Public Information Officer, 617-973-3647, or Joel Werkema, Assistant Vice President, 617-973-3510
The Federal Reserve Bank of Boston announces the appointment of 12 members of the newly established First District Community Depository Institutions Advisory Council (CDIAC). Each Federal Reserve Bank is establishing a CDIAC to represent the perspective of smaller financial institutions.
CDIACs will provide input on the economy, lending conditions, and other issues. They are being established at Federal Reserve Banks across the country pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
First District CDIAC members represent the diversity of institutions in New England. The 12 members represent commercial banks, thrift institutions, and credit unions with assets below $10 billion. Members are from the six New England states: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.
The newly announced members are as follows:
- James W. Blake, President/CEO, HarborOne Credit Union, Brockton, MA
- Tom Caron, President/CEO, Bank of Easton, North Easton, MA
- John J. Dwyer, Jr., President/CEO, New England Federal Credit Union (NEFCU), Williston, VT
- Michael L'Ecuyer, President/CEO, Bellwether Community Credit Union, Manchester, NH
- Peter Judkins, President/CEO, Franklin Savings Bank, Farmington, ME
- Joseph J MarcAurele, President/CEO, Washington Trust, Westerly, RI
- Christopher Oddleifson, President/CEO, Rockland Trust Company, Rockland, MA
- Merrill Sherman, President/CEO, Bank Rhode Island, Providence, RI
- Gregory Shook, President/CEO, Essex Savings Bank, Essex, CT
- Bill Stapleton, President/CEO, Northampton Co-Operative Bank, Northampton, MA
- Gregg R. Tewksbury, President/CEO, Savings Bank of Walpole, Walpole, NH
- Jane Walsh, President/CEO, Northmark Bank, North Andover, MA
Mr. Stapleton, of Northampton Co-operative Bank, will serve as District One's representative to the national CDIAC, which will meet twice a year to advise the Federal Reserve Board in Washington DC. The Board announced in October that it was forming the CDIAC to replace the Thrift Institutions Advisory Council.
The first meeting of the District One CDIAC will be held on March 1, 2011. The District One CDIAC will meet three times annually.
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Tom Lavelle
617 973-3647
Thomas.L.Lavelle@
bos.frb.org
Joel Werkema
617 973-3510
Joel.Werkema@bos.frb.org