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
The Federal Reserve Bank of San Francisco (SF Fed) works to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the U.S. central bank, the SF Fed serves the Twelfth Federal Reserve District, which covers the nine western states—Alaska, Arizona, California, Hawai’i, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. By pursuing our two key goals of maximum employment and price stability—known as the Fed’s dual mandate—we work toward supporting an economy that works for everyone.