The Federal Deposit Insurance Corporation (FDIC) has announced the selection of eight new members for its Advisory Committee on Community Banking, which has been providing advice and recommendations to the FDIC on a broad range of community bank policy and regulatory matters since it was established in 2009. The Advisory Committee members represent a cross-section of community bankers from around the country.
"We are fortunate to have such talented and dedicated community bank leaders join our Advisory Committee, which has been a valuable resource for the FDIC over the last few years,” said FDIC Chairman Martin Gruenberg. “The Advisory Committee has proven to be a key source of information and input for the FDIC on the many significant issues facing community banks," Gruenberg said.
The Advisory Committee on Community Banking discusses and provides input to the FDIC on a wide variety of topics, including current examination policies and procedures, credit and lending practices, deposit insurance assessments, insurance coverage and regulatory compliance.
The new members of the Advisory Committee are:
Cynthia L. Blankenship, Vice Chairman and COO, Bank of the West, Grapevine, Texas
Leonel Castillo, President and CEO, American Bank of Commerce, Provo, Utah
Jane Haskin, President and CEO, First Bethany Bancorp. Inc., Bethany, Oklahoma
Mark Hesser, President, Pinnacle Bank, Lincoln, Nebraska
James Lundy, Chief Executive Officer, Western Alliance Bank, Phoenix, Arizona
Kim D. Saunders, President, CEO and Director, Mechanics & Farmers Bank, Durham, North Carolina
David Seleski, President, CEO and Director, Stonegate Bank, Fort Lauderdale, Florida
Derek Williams, President and CEO, First Peoples Bank, Pine Mountain, Georgia
The new members will join the following individuals already serving on the committee:
Robert F. Baronner, Jr., President and CEO, Bank of Charles Town, Charles Town, West Virginia
Carolyn “Betsy” Flynn, President and CEO, Community Financial Services Bank, Benton, Kentucky
Walter E. Grady, President and CEO, Seaway Bank & Trust, Chicago, Illinois
Ann Marie Mehlum, President and CEO, Summit Bank, Eugene, Oregon
Joseph G. Pierce, President and CEO, Farmers State Bank, Lagrange, Indiana
Dorothy A. Savarese, President and CEO, Cape Cod Five Cents Savings Bank, Orleans, Massachusetts
Alan Thian, President and CEO, Royal Business Bank, Los Angeles, California
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 7,309 banks and savings associations, and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars — insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-7-2013