LEWIS CENTER, Ohio, Oct. 1, 2015 /PRNewswire/ -- The Delaware County Bank and Trust Company (the "Bank") announced the appointment of Ronald J. Seiffert, President and CEO of the Bank, to the Federal Reserve's Community Depository Institutions Advisory Council (the "CDIAC").
The CDIAC was established in 2010 by the Board of Governors of the Federal Reserve (the "Board") to provide input to the Board on the economy, lending conditions, and other issues of interest to community depository institutions. Members are selected from representatives of banks, thrift institutions, and credit unions serving on local advisory councils at the twelve Federal Reserve Banks. One member of each of the Reserve Bank councils is selected to serve on the CDIAC, which will meet twice a year with the Board in Washington.
Mr. Seiffert was first appointed to the Federal Reserve Bank of Cleveland's (the "Cleveland Reserve Bank") Community Depository Institutions Advisory Council (the "Council") in May 2014, and has been elected Chairman of the Council effective October 2015. The Council is composed of representatives from commercial banks, thrift institutions, and credit unions in the Fourth Federal Reserve District. The Council provides information and insight to the Cleveland Reserve Bank from the perspective of community depository institutions. Council members meet with senior Cleveland Reserve Bank leaders at least twice yearly. These meetings provide anecdotal information that is useful in the consideration of monetary policy direction and economic research activities.
About The Delaware County Bank and Trust Company
The Delaware County Bank and Trust Company is a state-chartered commercial bank that conducts business from its main offices at 110 Riverbend Avenue in Lewis Center, Ohio, and through its eight full-service and six limited-service branch offices located in Central Ohio. The Bank provides customary retail and commercial banking and cash management services to its customers, including checking and savings accounts, time deposits, IRAs, safe deposit facilities, personal loans, commercial loans, commercial leases, real estate mortgage loans, night depository facilities and trust and personalized wealth management services. DCB Financial Corp (OTCQB: DCBF) is the parent company of The Delaware County Bank & Trust Company.
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SOURCE The Delaware County Bank and Trust Company