WaterStone Bank’s Gordon appointed to Chicago Fed panel
WaterStone Bank’s Douglas S. Gordon has been appointed to a panel of financial institution executives that meets with the Federal Reserve Bank of Chicago to talk about business conditions in the Midwest.
Gordon, president and chief executive officer of Wauwatosa-based WaterStone, began a three-year term on the Chicago’s Fed’s Community Depository Institutions Advisory Council on Friday.
“I am honored to join the Advisory Council to provide insight into our Wisconsin economy and the current banking landscape. This opportunity will provide a platform to benefit all Wisconsin Financial Institutions,” Gordon said in a statement.
The goal of the Advisory Council is to promote communication between the Chicago Fed and representatives from community depository institutions, including banks, thrifts and credit unions.
The panel meets twice a year to provide views on current business conditions to Chicago Fed President Charles Evans and other senior officials of the bank. Input from the group helps the Federal Reserve System form national supervisory and monetary policy.
The Chicago Fed is one of 12 regional reserve banks that, along with the Board of Governors in Washington, D.C., make up the nation’s central bank.
WaterStone, with assets of $1.8 billion, is the eighth-largest bank based in Wisconsin.
Another Wisconsin banker — Robert B. Atwell, chief executive of Nicolet National Bank in Green Bay — also is on the 12-member Advisory Council. Nicolet is the third-largest bank headquartered in Wisconsin.