The Federal Reserve Bank of New York appointed Michael P. Psyllos, president and chief executive officer of Alma Bank, to its Community Depository Institutions Advisory Council with immediate effect. The council provides perspectives from commercial banks, thrift institutions and credit unions headquartered in the Federal Reserve’s Second District with assets below USD 10 billion. Members serve three-year terms and meet twice a year with the New York Fed’s president and first vice president to discuss regional economic and financial conditions and issues affecting community depository institutions. Its next meeting is scheduled for Oct. 8.
Federal Reserve Bank of New York appoints Michael P Psyllos to community depository advisory council
The Federal Reserve Bank of New York appointed Alma Bank President and Chief Executive Officer Michael P. Psyllos to its Community Depository Institutions Advisory Council. The council represents Second District depository institutions with assets below USD 10 billion and will next meet on Oct. 8.