The Federal Reserve Bank of Richmond today announced the appointment of two members to its Community Depository Institutions Advisory Council. The council meets twice a year to advise Richmond Fed President Jeffrey Lacker on the credit, banking and economic conditions facing their institutions and their communities.
Council members serve staggered terms and are senior executives of banks, thrift institutions and credit unions from across the Fifth District. The new members appointed to three-year terms ending December 2015 are:
Robert A. DeAlmeida, president and CEO, Hamilton Bank, Towson, Md.
Frank W. Wilkinson, president and CEO, First Century Bank, Bluefield, W.Va.
The full membership of the Richmond Fed’s Community Depository Institutions Advisory Council is on the Bank’s website. Additional background about Federal Reserve CDIACs is available from the Federal Reserve Board of Governors or the article "Community Banks, Fed Connect Through the Community Depository Institutions Advisory Council" on the Federal Reserve System's Community Banking Connections website.
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.