Janet Silveria, the president and CEO of Community Bank of Santa Maria, has been selected as a member of the Federal Reserve’s Community Depository Institutions Advisory Council.
The 12-member council was established by the Federal Reserve’s Board of Governors in 2010 to give the board input on the economy, lending conditions and other issues that affect community depository institutions. Each Federal Reserve District is represented by a member from its coverage area, and the 12th District covers all of California, Oregon, Washington, Nevada, Arizona, Idaho and Utah.
“It’s a pretty big deal, not only for our bank, but for all community banks,” Jim Glines, chairman of the board for Community Bank of Santa Maria, said in a news release from the bank. “Janet will make a fine addition to their board and we will get great local representation.”
Silveria is the second person from the Central Coast to serve on the Advisory Council. In 2014, Montecito Bank & Trust CEO Janet Garufis also served on the council, and in 2017 she was nominated to lead the council.