SAN FRANCISCO – The Federal Reserve Bank of San Francisco announced a new chair and a new member of the Twelfth District’s Community Depository Institutions Advisory Council (CDIAC), effective January 1, 2021. Janet Silveria, president and chief executive officer of Community Bank of Santa Maria in Santa Maria, California, a current member of the Twelfth District’s CDIAC, has been appointed chair of the council for 2021, and will also serve as the San Francisco Fed’s representative on the national CDIAC.
The newest CDIAC member is Joanne Kim, president and chief executive officer of Commonwealth Business Bank in Los Angeles, California.
Ms. Kim joined Commonwealth Business Bank in 2011 and serves as president and chief executive officer. Previously, she was president and chief executive officer of Wilshire Bank from January 2008 to February 2011. She is also a board member of Ability First and the Western Bankers Association, as well as a council member at the Council of Korean Americans. Ms. Kim holds a bachelor’s degree from Korea University.
The remaining CDIAC members include:
Brad R. Baldwin, president and chief executive officer, First Utah Bank, Salt Lake City, Utah
Russell A. Colombo, president and chief executive officer, Bank of Marin, Novato, CA
Simone Lagomarsino, president and chief executive officer, Luther Burbank Savings and Luther Burbank Corporation, Santa Rosa, California
Geoff Lundfelt, president and chief executive officer, Alaska USA Federal Credit Union, Anchorage, Alaska
Eric Renaud, president and chief executive officer, Pima Federal Credit Union, Tucson, Arizona
James J. Schlotfeldt, president and chief executive officer, First Federal Savings & Loan, McMinnville, OR
Richard F. Wacker, president and chief executive officer, American Savings Bank, Honolulu, HI
Mina R. Worthington, president and chief executive officer, Solarity Credit Union, Yakima, WA
Established in 2010 by the Board of Governors, the Community Depository Institutions Advisory Council is a group that 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, payment issues and other issues of interest to community depository institutions. Members typically serve three-year terms.
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.