Appointees offer insight on community banking, regional economy, including one from Montana
Three community bank executives were appointed this spring to an advisory council by Federal Reserve Bank of Minneapolis President and CEO Neel Kashkari.
The Community Depository Institutions Advisory Council provides information, advice and recommendations to the Minneapolis Fed president from the perspective of thrifts, credit unions and banks in the Ninth Federal Reserve District with total assets of less than $10 billion. The Ninth District covers Montana, the Dakotas, Minnesota, northwestern Wisconsin and Michigan’s Upper Peninsula. The chair of the Ninth District council represents the district at meetings of the Federal Reserve Board of Governors’ national advisory council in Washington, D.C.
Appointed to the council this year were Jack Hopkins, president and CEO of CorTrust Bank in Mitchell, S.D.; Colleen Murphy, chief operating officer of Whitefish Credit Union in Whitefish, Mont.; and Mark Oldenberg, president and CEO of Security Financial Bank in Durand, Wis.
Hopkins, Murphy and Oldenberg will join seven returning members on the council, which meets periodically with Kashkari to share on-the-ground insight into regional conditions in housing, labor markets, credit availability, inflation and consumer confidence.