Merchants & Marine Bancorp, Inc. is proud to announce that our Chairman & Chief Executive Officer, Clayton Legear, has been appointed Chairman of the Community Depository Institutions Advisory Council (CDIAC) for the Federal Reserve Bank of Atlanta. In addition to this leadership role, Clayton will also serve as a member of the Federal Reserve Board of Governors’ National CDIAC.
CDIAC was established to provide the Federal Reserve with input on economic conditions, lending trends, and the challenges and opportunities faced by community banks and credit unions across the country. Each of the twelve Federal Reserve Banks has its own CDIAC, which includes representatives from financial institutions within its District. The Chair of each District Council also serves on the National Council, offering a broader perspective on issues affecting local economies and the financial system as a whole.
Clayton’s appointment to this role is a testament to his commitment to community banking and his deep understanding of the economic forces that shape local markets served by the Merchants & Marine Bancorp, Inc. Family of Brands. Through this position, he will help represent the voices of community financial institutions across the Southeast and the nation—institutions that play a vital role in fostering economic growth, expanding access to capital, and supporting small businesses.
“It’s an honor to represent community banking at both the regional and national levels,” said Legear. “The strength of our local economies depends on the work being done by community financial institutions every day. I’m grateful for the opportunity to bring that perspective to the Federal Reserve and to advocate for the communities, businesses, and families we serve.”
At Merchants & Marine Bancorp, we believe that strong communities are built through strong partnerships—and we’re proud to see Clayton’s leadership and expertise recognized at such an influential level.
To learn more about CDIAC, visit the Federal Reserve’s CDIAC page.
https://www.federalreserve.gov/aboutthefed/cdiac.htm
