Manasquan Bank’s Chair, President, and CEO, James Vaccaro, has been appointed Vice President of the National Community Depository Institutions Advisory Council (CDIAC) for the year 2025. The appointment was confirmed by Michelle Bowman, member of the Board of Governors of the Federal Reserve System.
The CDIAC serves as an essential advisory body, providing valuable insights into the challenges and opportunities facing community depository institutions.
In his new role Vaccaro will work alongside other members of the Council to ensure the effective representation of the interests of community banks, credit unions, and thrifts at the national level. Vaccaro will play a key role in coordinating Council activities and assisting with the preparation for the national meetings, at which the Council meets with the Federal Reserve Board.
The National CDIAC is populated by one member from each of the Federal Reserve System’s twelve districts. In addition to the National Council, Vaccaro serves as Chair of the Federal Reserve Bank of New York’s CDIAC.
In addition to his leadership at Manasquan Bank, Vaccaro has been a strong advocate for community-based financial institutions for many years. Since joining the CDIAC in 2023, he has brought extensive experience and a deep commitment to supporting the success and stability of community depository institutions.
“I am honored to accept the role of Vice President for the CDIAC and look forward to collaborating with fellow Council and Board members to provide thoughtful guidance on critical issues affecting community institutions,” Vaccaro said. “This is a unique opportunity to serve the industry in a new capacity, and I am excited to continue fostering meaningful dialogue between community banks and policymakers.”
