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

December 18, 2014

San Francisco, CA — Janet Garufis, president and CEO of Montecito Bank & Trust, Santa Barbara, CA, was appointed chair of the Federal Reserve Bank of San Francisco’s Community Depository Institutions Advisory Council (CDIAC). Ms. Garufis has been on the council since January 2014.

Ms. Garufis began her career more than 40 years ago with Security Pacific Bank, now Bank of America, and has experience in retail banking, business banking, commercial banking and private banking. She currently serves on the board of directors for the Chamber of Commerce, Habit for Humanity, Fielding Graduate University, California State University Channel Islands Foundation, Western Independent Bankers Association, PMBI and the Sansum – Santa Barbara Medical Foundation Clinic. Ms. Garufis is a graduate of the Pacific Coast Banking School and holds BA and MA degrees from California State University Northridge.

In addition, Elizabeth Dooley, president and CEO of Educational Employees Credit Union, Fresno, CA, Gregory Garrabrants, president and CEO of BofI Federal Bank, San Diego, CA, Alan Horner, chairman, president and CEO of First Federal Savings Bank of Twin Falls, Twin Falls, ID, and Matthew Packard, president and CEO of Central Bank, Provo, UT, were appointed as the newest members of the Twelfth District’s CDIAC.

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.

The balance of the council includes:

Adriana M. Boeka, president and CEO, Americas United Bank, Glendale, CA
David E. Doss, president and CEO, Arizona State Credit Union, Phoenix, AZ
Melanie J. Dressel, president and CEO, Columbia Bank, Tacoma, WA
Malcom F. Hotchkiss, CEO, United Business Bank, Oakland, CA
Kent A. Steinwert, chairman, president and CEO, Farmers and Merchants Bank of Central California, Lodi, CA
Robert A. Stuart, president and CEO, OnPoint Community Credit Union, Portland, OR
Stanley C. Wilmoth, president and CEO, Heritage Bank of Nevada, Reno, NV


Rob Sholars
Federal Reserve Bank of San Francisco
(415) 974-2699


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.