An Arkansas banking executive has been named to one of the Federal Reserve Board’s advisory councils.
Stone Bank CEO Margaret Oldner has been appointed to serve on the Federal Reserve Board’s Community Depository Institutions Advisory Council (CDIAC). Oldner is one of 12 individuals named to the council.
The CDIAC is responsible for advising the Federal Reserve Board on the “economy, lending conditions, and other issues of interest to community depository institutions,” according to a Federal Reserve release. The members are drawn from commercial banks, thrift institutions and credit unions around the United States.
Established in 2010, the CDIAC performs a “parallel function” to the Federal Advisory Council, giving the Federal Reserve Board direct input on economic issues. The council will meet with the board twice per year in Washington, D.C.
Oldner is the chief executive of Mountain View-based Stone Bank and is a director of the bank’s parent company, Stone Bancshares Inc. Previously, she served as a managing principal in Little Rock’s DD&F Consulting Group.
She serves of the Federal Reserve’s National Advisory Council, representing the 8th District.