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For immediate release: March 9, 2011

Randy M. Smith Named to Federal Reserve Board's Community Depository Institutions Advisory Council

DALLAS—The Federal Reserve Board has named Randy M. Smith of New Braunfels a member of its new Community Depository Institutions Advisory Council.

The Council is composed of 12 representatives from banks, thrift institutions and credit unions serving on local advisory councils at the 12 Federal Reserve Banks. Smith is a charter member of the Dallas Fed’s Community Depository Institutions Advisory Council established in 2010.

Council members will provide the Federal Reserve Board with input on the economy, lending conditions and other issues as part of a Federal Reserve initiative to enhance communication and feedback with community bankers.

Smith has served Randolph-Brooks Federal Credit Union in Live Oak since 1982, the last 24 years as CEO. Previously, Smith served 27 years in the Air Force in both active duty and reserve positions.

He sits on various committees of state and national credit union organizations and has served as a board member of the PULSE EFT Association. He currently serves on the boards of CUNA Mutual Group and National Association of Federal Credit Unions. He was recognized as Executive of the Year in 2010 by the Credit Union Executives Society.

Smith is also on the board of directors of the Alamo Colleges Foundation and on the Board of Trustees of United Way of San Antonio and Bexar County. He serves as a member of the San Antonio Chamber of Commerce’s Military Liaison Program, assigned as deputy to the commanding general of the United States Army Medical Department Center and School at Fort Sam Houston.

He is a certified public accountant and holds a master’s of business administration from Southern Illinois University Edwardsville.


Media contact:
James Hoard
Phone: (214) 922-5307