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Federal Reserve Bank of New York
03/11/2026 | Press release | Distributed by Public on 03/11/2026 13:07
Mark R. Lavarnway Appointed to New York Fed’s Community Depository Institutions Advisory Council
NEW YORK-The Federal Reserve Bank of New York today announced the appointment of Mark R. Lavarnway to its Community Depository Institutions Advisory Council (CDIAC), effective today.
Lavarnway is president and chief executive officer of Watertown Savings Bank, based in Watertown, N.Y.
The Community Depository Institutions Advisory Council provides information and insight to the New York Fed from the perspective of community depository institutions. The council's members are representatives from commercial banks, thrift institutions, and credit unions headquartered in the Federal Reserve's Second District with assets under $10 billion. Council members serve three-year terms.
The New York Fed's president and first vice president meet with the council twice a year to discuss regional economic and financial conditions, as well as other issues confronting community depository institutions. The next CDIAC meeting will take place March 26.
For more information, including a list of the full membership, see Community Depository Institutions Advisory Council.
Federal Reserve Bank of New York published this content on March 11, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on March 11, 2026 at 19:07 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]