San Francisco, California — The Federal Reserve Bank of San Francisco announced that Russell A. Colombo, president and CEO, Bank of Marin, Novato, CA; James J. Schlotfeldt, president and CEO, First Federal Savings & Loan, McMinnville, OR; Janet M. Silveria, president and CEO, Community Bank of Santa Maria, Santa Maria, CA; Richard F. Wacker, president and CEO, American Savings Bank, Honolulu, HI; and Mina R. Worthington, president and CEO, Solarity Credit Union, Yakima, WA, have been appointed as the newest members of the Twelfth District’s Community Depository Institutions Advisory Council (CDIAC). Their terms are effective January 1, 2019; CDIAC members generally serve a three-year term.
Mr. Colombo joined Bank of Marin in 2004 as executive vice president and branch administrator. He was appointed executive vice president and COO of Bank of Marin in 2005 and then was promoted to the position of president and CEO in 2006. He received a bachelor’s degree in agricultural economics and business management from the University of California, Davis, and his MBA in banking and finance from Golden Gate University.
Mr. Schlotfeldt began his tenure at First Federal Savings in 2012 as executive vice president and CFO. In 2014, he was appointed to President and CEO. Prior to joining First Federal Savings, Mr. Schlotfeldt was executive vice president and CFO for the Albina Community Bank and Bancorp in Portland, OR. He earned a bachelor’s degree in business administration from the University of Portland.
Ms. Silveria joined the Community Bank of Santa Maria as its CFO when the bank opened for business in 2001. She was promoted to president and appointed to the bank’s Board of Directors in 2012 before additionally being named CEO in 2015. Prior to joining the Community Bank of Santa Maria, Ms. Silveria worked at Mid-State Bank and Bank of Santa Maria. She is a graduate of the Western States Banking School in Reno and the Pacific Coast Graduate School of Banking at the University of Washington, Seattle.
Mr. Wacker started working at the American Savings Bank as its president and CEO in 2010. Prior to joining the American Savings Bank, he was chairman and CEO of Korea Exchange Bank. He also enjoyed a 20-year career with General Electric. He holds a bachelor’s degree in mechanical engineering from the University of Missouri.
Ms. Worthington joined Solarity Credit Union as president and CEO in 2008. Prior to joining the Solarity Credit Union, she served as COO of Yakima Valley Credit Union. Ms. Worthington has a bachelor’s degree in business administration from California State Polytechnic University, Pomona, and an MBA from Loyola Marymount University.
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. It was established in 2010 by the Board of Governors to provide input to the Federal Reserve on the economy, lending conditions, and other issues of interest to community depository institutions.
The balance of the council includes:
Richard M. Sanborn, president and CEO, Seacoast Commerce Bank, San Diego, CA
Tamara Gurney, president and CEO, Mission Valley Bank, Sun Valley, CA
Gary Harding, president and CEO, Prime Alliance Bank, Woods Cross, UT
Connie Miller, president and CEO, Icon Credit Union, Boise, ID
Robert D. Ramirez, president and CEO, VantageWest Credit Union, Tucson, AR
Andrew J. Ryback, president and CEO, Plumas Bank, Quincy, CA
Joseph M. Schierhorn, president and CEO, Northrim Bank, Anchorage, AK
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.