The Federal Reserve Bank of St. Louis announced that it appointed Craig Esrael to its Community Depository Institutions Advisory Council for a three-year term ending in 2019.
Esrael is president and CEO of First South Financial Credit Union, a $527 million institution based in Bartlett in western Tennessee.
Established by the St. Louis Fed in 2011, the 12-person CDIAC is composed of executives of smaller financial institutions across the Fed’s 8th District, which includes Bartlett. Council members advise St. Louis Fed President James Bullard on the credit, banking and economic conditions facing their institutions and local communities.
First South Financial posted net income of about $10.1 million in 2016, following an $8.3 million performance the prior year.
“I am honored to serve on the CDIAC with bankers across the 8th Federal Reserve District,” said Esrael in a statement. “Joining the CDIAC provides First South with an invaluable opportunity to shape policy that benefits our members, employees and communities.”
Credit union CEOs have also recenlty been appointed to similar terms for Federal Reserve bank panels in
