Guaranty Bank President Shaun Burke Named to Community Depository Institutions Advisory Council
Guaranty Bank is pleased to announce that Shaun Burke, president and CEO, was recently named to the Community Depository Institutions Advisory Council, a regional board which provides information, advice and recommendations to the Federal Reserve System from the perspective of community depository institutions.
Burke began his three-year term on the Midwest's CDIAC in January. The council meets periodically to discuss issues important to community banks and the markets they serve including credit conditions, regulatory policies, payment systems and the local economic environment. The group reports their discussions and recommendations to the 8th Federal Reserve District, also known as the Federal Reserve Bank of St. Louis.
"Serving on the CDIAC is an opportunity to provide real-time feedback and insight on the challenges and opportunities facing community banks in southwest Missouri," Burke said. "It will be an opportunity to gain insight from colleagues across the Midwest about how they've handled common issues and what is working for their clients, communities and financial institutions."
Burke joins banking colleagues from across Arkansas, Indiana, Illinois, Kentucky, Mississippi, Missouri and Tennessee on the council, one of 12 councils representing each bank in the Federal Reserve System.
"It's an honor and privilege to serve with bankers across the 8th Federal Reserve District," he said. "By working together I hope to improve the ability of local financial institutions to serve our clients by communicating how regulatory policies and economic issues impact our day to day decisions."
The CDIAC was established in 2011 to advise the Federal Reserve Bank of St. Louis. The chair of each district's council also meets twice yearly with the Federal Reserve Board of Governors in Washington, D.C. For more information about the Federal Reserve Bank of St. Louis CDIAC visit www.stlouisfed.org.