ST. LOUIS The Federal Reserve on Wednesday announced that Glenn Barks, president of First Community CU in Chesterfield, Mo., has been appointed chairman of the St. Louis Fed’s Community Depository Institute Advisory Council.
Barks succeeds Dennis Terry, president of First Clover Leaf Bank in Edwardsville, as head of the panel that helps the local Fed Bank set regulatory and financial policy. Barks will be the council’s representative at twice-yearly meetings with Fed Chairman Ben Bernanke.
The council is comprised of 12 executives of smaller financial institutions across the Eighth District, who meet twice a year to advise St. Louis Fed President Jim Bullard on the credit, banking and economic conditions facing their institutions and their communities.
Among the other members of the St. Louis Fed’s committee is William Rissel, president of Fort Knox FCU in Radcliff, Ky.