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SARASOTA -- Insignia Bank CEO Charles Brown will serve on the Federal Deposit Insurance Corp.'s (FDIC) Advisory Committee on Community Banking for a third year, a statement says.
Brown's two-year term was set to end in 2011, but the Sarasota banking executive was invited to remain on for another year, along with “about half” of the other committee members, as the FDIC starts to rotate out the committee's membership.
The FDIC created the Advisory Committee on Community Banking in May 2009, seeking “advice and guidance on a broad range of important policy issues impacting small community banks throughout the country.”
The committee's membership is composed of 14 community bank presidents and CEOs; an academic (Finance Department Chairman Timothy Koch, from the Moore School of Business at the University of South Carolina); and the FDIC chairman.
Acting FDIC Chairman Marty Gruenberg presided over the committee's most recent meeting. Gruenberg replaces Sheila Blair, who presided over the committee's first meeting in 2009.
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