The Federal Reserve Bank of New York announced the appointment of Mark R. Lavarnway to its Community Depository Institutions Advisory Council (CDIAC), effective immediately. Lavarnway is president and chief executive officer of Watertown Savings Bank in Watertown, New York. The CDIAC provides the New York Fed with information and insight from the perspective of community depository institutions, with members drawn from commercial banks, thrift institutions, and credit unions headquartered in the Federal Reserve’s Second District with assets under USD 10 billion. Members serve three-year terms, and the New York Fed’s president and first vice president meet with the council twice a year; the next CDIAC meeting is scheduled for March 26.
Federal Reserve Bank of New York 2026-03-11
Federal Reserve Bank of New York appoints Mark R. Lavarnway to its Community Depository Institutions Advisory Council
The Federal Reserve Bank of New York appointed Mark R. Lavarnway, president and CEO of Watertown Savings Bank, to its Community Depository Institutions Advisory Council (CDIAC). The CDIAC offers insights from community depository institutions within the Federal Reserve’s Second District. Members, representing entities with assets under USD 10 billion, serve three-year terms.