NEW YORK—The Federal Reserve Bank of New York today announced several changes to the membership of its Community Depository Institutions Advisory Council (CDIAC).
The following people have been appointed to the council effective immediately and will serve a three-year term:
- John R. Buran, president and chief executive officer of Flushing Savings Bank, FSB and Flushing Financial Corporation in Lake Success, New York
- Saleem Iqbal, president and chief executive officer of Habib American Bank in New York City
In addition, the following members will serve through 2014:
- Ross Prossner, president and chief executive officer of Beacon Federal in East Syracuse, New York
- Michael Castellana, president and chief executive officer of SEFCU in Albany, New York
Finally, George Strayton, president and chief executive officer of Provident Bank in Montebello, New York, has left the council due to his retirement from Provident Bank in June 2011.
Council members are representatives from commercial banks, thrift institutions and credit unions with assets under $10 billion headquartered in the Second Federal Reserve District (New York, northern New Jersey; Fairfield County, Connecticut; Puerto Rico and the U.S. Virgin Islands). The purpose of the council is to provide information and insight to the New York Fed from the perspective of community depository institutions.
The New York Fed’s president and first vice president meet with the council twice a year to discuss regional economic and financial conditions and other issues confronting community depository institutions.