Spencer appointed to St. Louis Fed Advisory Council

ST. LOUIS — The Federal Reserve Bank of St. Louis has appointed Scott E. Spencer to its Community Depository Institutions Advisory Council for a three-year term starting in 2019. Spencer is vice chairman, president and CEO of Sterling Bank, headquartered in Poplar Bluff.

The council was established by the St. Louis Fed in 2011 and comprises 12 executives of smaller financial institutions headquartered across the Federal Reserve’s Eighth District. It meets twice a year in St. Louis to advise President James Bullard on the credit, banking and economic conditions facing their institutions and local communities. This year’s meetings are scheduled for March 4-5 and Oct. 7-8.

Additionally, the chair of CDIAC has the responsibility of reporting twice yearly to the Federal Reserve Board of Governors in Washington, D.C.

Ann Cowley Wells, chair and co-CEO, Commonwealth Bank and Trust Co., Louisville, Ky., remains CDIAC chair.