READING, MA — Reading Cooperative Bank President and CEO, Julieann Thurlow, was recently named to serve on the Federal Reserve Bank of Boston’s Community Depository Institutions Advisory Council (CDIAC).
According to the Federal Reserve Bank of Boston, “The members of the First District Community Depository Institutions Advisory Council bring information from their local communities to the Federal Reserve Bank of Boston. The council meets twice annually to advise the Federal Reserve Bank of Boston on the economy, lending conditions and other issues.”
“CDIAC members represent the diversity of financial institutions in New England. The 12 members represent commercial banks, thrifts and credit unions with assets less than $10 billion. Members are from the six New England states: Connecticut, Massachusetts, Maine, New Hampshire, Rhode Island and Vermont. The CDIAC and the Federal Reserve Board and the 12 Reserve Banks were established by the Dodd-Frank Wall Street Reform and Consumer Protection Act.”
Thurlow will represent Reading Cooperative Bank and the communities that it serves, as well as other cooperative banks throughout Massachusetts at the bi-annual CDIAC meetings.
About Reading Cooperative Bank:
Reading Cooperative Bank is a 21st-century community bank with a track record of progress dating back to 1886. The Bank was founded on the principle that profit and growth go hand-in-hand with responsible banking and service to the community – a philosophy that put Reading Cooperative Bank on a long-term track for success. You can visit any of the Bank’s eight branches in Reading, Wilmington (2), North Reading, Woburn, Andover, Burlington and at Reading Memorial High School (available to RMHS students only). You may also visit online at readingcoop.com.
(NOTE: The above press release & photo are from Reading Cooperative Bank.)