Nevada Bankers Association Member Arvind Menon, Meadows Bank, added to FDIC Advisory Committee on Community Banking
FDIC Announces New Members for the Advisory Committee on Community Banking
February 11, 2015
The Federal Deposit Insurance Corporation (FDIC) today announced the selection of seven 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 an important source of information and input for the FDIC on the many significant issues facing community banks."
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:
Roger Busse, President & CEO, Pacific Continental Bank, Eugene, Oregon
Christopher W. Emmons, President & CEO, Gorham Savings Bank, Gorham, Maine
Jack A. Hartings, President/CEO, The Peoples Bank Co., Coldwater, Ohio
Arvind A. Menon, President & CEO, Meadows Bank, Las Vegas, Nevada
Mary Ann Scully, Chairperson, President & CEO, Howard Bank, Ellicott City, Maryland
Gwen M. Thompson, President & CEO, Clover Community Bank, Clover, South Carolina
John Tolomer, President & CEO, The Westchester Bank, Yonkers, New York
Additional information for individuals already serving on the committee can be found at https://www.fdic.gov/communitybanking/.
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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 banks and savings associations, 6,589 as of September 30, 2014. 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.