Membership and Leadership Announcements for the Federal Reserve Bank of San Francisco’s Community Depository Institutions Advisory Council

SAN FRANCISCO – The Federal Reserve Bank of San Francisco announced the newest members of the Twelfth District’s Community Depository Institutions Advisory Council (CDIAC), effective January 1, 2025.

New CDIAC members:

Carolyn Crockett
President and Chief Credit Officer
First Security Bank of Nevada
Las Vegas, Nevada

Mercedes N. Herrera
President and Chief Executive Officer
Golden State Bank
Glendale, California

John A. Nerland
President and Chief Executive Officer
American Plus Bank
Pasadena, California

Krista Snelling
President and Chief Executive Officer
Santa Cruz County Bank
Santa Cruz, California

Matt Stephenson
President and Chief Executive Officer
Rogue Credit Union
Medford, Oregon

Chris Webster
President and Chief Executive Officer
Southwest Heritage Bank
Scottsdale, Arizona


About the Community Depository Institutions Advisory Council
Established in 2010 by the Board of Governors, the Community Depository Institutions Advisory Council (CDIAC) is a group that represents banks, thrift institutions, and credit unions of various sizes within the Twelfth District. The Council provides input to Federal Reserve Bank of San Francisco senior leadership on a variety of topics, including economic and banking conditions, regulatory policies, payment issues, and other issues of interest to community depository institutions. The Twelfth District Community Depository Institutions Advisory Council members reside within the nine-state District of this Reserve Bank.

Jennifer Chamberlain
Federal Reserve Bank of San Francisco
(415) 974-2383

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.