The Federal Reserve System’s board of governors has invited Hamilton Bank President and CEO Robert DeAlmeida to serve on the national Community Depository Institutions Advisory Council (CDIAC), a 12-member, hand-selected group of banking experts. Members are selected from representatives of banks, thrift institutions and credit unions serving on local advisory councils at the 12 Federal Reserve Banks. Previously serving as acting representative, DeAlmeida will attend his first official meeting as chair next month.
DeAlmeida serves as chair of the fifth district, the Federal Reserve Bank of Richmond. In his new role on the CDIAC, DeAlmeida will travel to Washington twice a year to provide input on the economy, lending conditions and other issues of interest to community depository institutions to the board of governors. DeAlmeida attended the national council meeting in April in Washington, D.C., providing valuable information on issues and conditions that affect a full range of community depository institutions with assets of less than $10 billion.
“It is an incredible honor to be invited to serve on the national Community Depository Institutions Advisory Council,” says DeAlmeida. “I look forward to working with my fellow CDIAC members to represent our colleagues at the federal level in the upcoming year.”