About Us



February 25, 2011

Richmond Fed Forms Community Depository Institutions Advisory Council

Richmond, Va.

The Federal Reserve Bank of Richmond announced the formation of a Community Depository Institutions Advisory Council and the appointment of members.

The CDIAC will provide input to the Richmond Fed on the economy, lending conditions and other issues. Members were selected from representatives of banks, thrift institutions and credit unions in the Fifth Federal Reserve District.

One member of the council will serve with counterparts from other Reserve Banks on the Community Depository Institutions Advisory Council of the Federal Reserve Board, which will meet with the Board twice a year in Washington.

Members of the Richmond Fed CDIAC and their term expirations are:

  • Billy Beale, president and CEO, Union First Market Bank, Ruther Glen, Va., Dec. 31, 2014
  • Ed Broadwell, chairman and CEO, HomeTrust Bank, Asheville, N.C., Dec. 31, 2012
  • Kate Carr, president, Cardinal Bank Washington, Washington, D.C., Dec. 31, 2013
  • Wayne Hall, CEO, First Federal Savings & Loan, Charleston, S.C., Dec. 31, 2014
  • John Lane, president and CEO, Congressional Bank, Bethesda, Md., Dec. 31, 2013
  • Doug Leech, chairman and CEO, Centra Bank, Morgantown, W.Va., Dec. 31, 2013
  • Charles Majors, chairman and CEO, American National Bank, Danville, Va., Dec. 31, 2013
  • Mike Middleton, chairman and CEO, Community Bank of Tri-County, Waldorf, Md., Dec. 31, 2012
  • Mike Nelson, president and CEO, Pleasants County Bank, St. Mary's, W.Va., Dec. 31, 2012
  • Carl Ratcliff, president and CEO, ABNB Federal Credit Union, Chesapeake, Va., Dec. 31, 2014
  • Jan Roche, president and CEO, State Department FCU, Alexandria, Va., Dec. 31, 2013
  • Kim Saunders, president and CEO, Mechanics & Farmers Bank, Durham, N.C., Dec. 31, 2013
  • Gwen Thompson, president and CEO, Clover Community Bank, Clover, S.C., Dec. 31, 2013

Majors serves as the Fifth District representative on the Federal Reserve Board CDIAC.

The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. As part of the nation's central bank, we're one of 12 regional Reserve Banks that work together with the Federal Reserve's Board of Governors to strengthen the economy and our communities. We manage the nation's money supply to keep inflation low and help the economy grow. We also supervise and regulate financial institutions to help safeguard our nation's financial system and protect the integrity and efficiency of our payments system.


Contact Us


Laura Fortunato
(804) 697-8196
(804) 698-0927 (mobile)