Membership Appointments Announced for the Federal Reserve Bank of San Francisco’s Community Depository Institutions Advisory Council

San Francisco, CA — The Federal Reserve Bank of San Francisco announced that Eugene L. Pelham, president and CEO, Rogue Credit Union, Medford, OR; H.R. (Hal) Russell, president and CEO, Commencement Bank, Tacoma, WA; and Daniel L. Skaff, president and Co-CEO, Beneficial State Bank, Oakland, CA, were appointed as the newest members of the Twelfth District’s Community Depository Institutions Advisory Council (CDIAC). Their terms are effective January 1, 2016; and CDIAC members generally serve a three-year term.

The CDIAC represents banks, thrift institutions, and credit unions of various sizes within the Twelfth District. The council provides input to the Bank’s senior management on a variety of topics, including economic and banking conditions, regulatory policies, and payment issues. It was established in 2010 by the Board of Governors to provide input to the Federal Reserve’s Board of Governors on the economy, lending conditions, and other issues of interest to community depository institutions.

The balance of the council includes:

Janet A. Garufis, president and CEO, Montecito Bank & Trust, Santa Barbara, CA, CDIAC chair

Adriana M. Boeka, president and CEO, Americas United Bank, Glendale, CA

Elizabeth J. Dooley, president and CEO, Educational Employees Credit Union, Fresno, CA

David E. Doss, president and CEO, Arizona State Credit Union, Phoenix, AZ

Gregory Garrabrants, president and CEO, BofI Federal Bank, San Diego, CA

C. Alan Horner, chairman, president and CEO, First Federal Savings Bank of Twin Falls, Twin Falls, ID

Matt C. Packard, president and CEO, Central Bank, Provo, UT

Kent A. Steinwert, chairman, president and CEO, Farmers and Merchants Bank of Central California, Lodi, CA

Stanley C. Wilmoth, president and CEO, Heritage Bank of Nevada, Reno, NV

The Federal Reserve Bank of San Francisco (SF Fed) serves the public by promoting a healthy, sustainable economy, and supporting the nation’s financial and payment systems. With offices in Los Angeles, Seattle, Salt Lake City, Portland and Phoenix, the Bank serves the Twelfth Federal Reserve District, which includes one-fifth of the nation’s population and represents the world’s fourth-largest economy. As part of the nation’s central bank, the SF Fed informs monetary policy, regulates banks, administers certain consumer protection laws and acts as a financial partner to the U.S. government.