Olinger appointed to Federal Advisory Council

Eric R. Olinger, president of Freedom Bancorp of Huntingburg, was recently appointed to a three-year term on the St. Louis Fed’s Community Depository Institutions Advisory Council (CDIAC), which meets twice a year to advise St. Louis Fed President James Bullard on regional credit, banking and economic conditions.

Council members serve staggered terms and are senior executives of banks, thrift institutions and credit unions from across the St. Louis Fed’s Eighth District, which is comprised of the state of Arkansas, and parts of Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee. The council’s first meeting of 2015 will be held March 31 and April 1. The second meeting will be held October 13 and 14.

The other new members named to council were Jeffrey Dean Agee, president and CEO, First Citizens National Bank, Dyersburg, Tenn.; Jeffrey L. Lynch, president and CEO, Eagle Bank and Trust, Little Rock, Ark., and Elizabeth G. McCoy, president and CEO, Planters Bank Inc., Hopkinsville, Ky.

Olinger received his Bachelor of Science in Business Administration at the University of Evansville, Evansville, Ind. He is a graduate of the Wisconsin School of Banking.

The other St. Louis Fed CDIAC members serving in 2015 are:

Glenn D. Barks (Chair), president and CEO, First Community Credit Union, Chesterfield, Mo.
Carolyn “Betsy” Flynn, president and CEO, Community Financial Services, Benton, Ky.
John D. Haynes Sr., president and CEO, Farmers & Merchants Bank, Baldwyn, Miss.
Greg Ikemire, president and CEO, Peoples State Bank, Newton, Ill.
Dennis McIntosh, president and CEO, Ozarks Federal Savings and Loan, Farmington, Mo.
Larry Myers, president and CEO, First Savings Bank, Clarksville, Ind.
Frank Padak, president, CEO and treasurer, Scott Credit Union, Collinsville, Ill.
Steve Stafford, president, First National Bank of Green Forest, Green Forest, Ark.

The Federal Reserve Board of Governors established its CDIAC in 2010 as a mechanism for community banks, thrift institutions, and credit unions (with assets of $10 billion or less) to provide input to the Board on the economy, lending conditions and other issues. Each of the Fed’s District banks then established its own local advisory council, with one member chosen to serve on the Board’s CDIAC and to participate in meetings twice a year with the Federal Reserve Board in Washington, D.C.