CC5 Savarese/Federal Reserve Board
Cape Cod Five President and CEO Dorothy Savarese has been appointed to the Federal Reserve Board to serve on their Community Depository Institutions Advisory Council representing the First District.
The 12-member council is comprised of one delegate from the advisory council for each of the Federal Reserve districts and represents a mix of commercial banks, thrift institutions and credit unions.
The council advises the Federal Reserve Board of Governors on the economy, lending conditions and other issues related to community depository institutions when they meet in Washington, D.C. twice a year.
In acknowledging her appointment Savarese says she looks forward to further promoting the importance of community banks such as Cape Cod Five, which provide financing, service and advice to individuals and businesses , helping communities thrive.