JAMES S. VACCARO, CHAIR, PRESIDENT & CEO, MANASQUAN BANK APPOINTED TO THE FEDERAL RESERVE BANK OF NEW YORK’S COMMUNITY DEPOSITORY INSTITUTIONS ADVISORY COUNCIL
Wall Township, NJ (March 28, 2022) – James S. Vaccaro, chair, president and CEO of Manasquan Bank, one of the largest mutual banks in New Jersey, has been appointed to serve on The Federal Reserve Bank of New York’s Community Depository Institutions Advisory Council (CDIAC), effective immediately.
Council members are representatives of commercial banks, thrifts institutions, and credit unions with assets not exceeding $10 billion and headquartered in the Federal Reserve’s Second District (New York State; Northern New Jersey; Fairfield County, Connecticut; Puerto Rico; and the U.S. Virgin Islands). The CDIAC advises New York Fed leadership on the economy, lending conditions, and other related issues pertinent to community depository institutions.
“It is with great privilege to have the honor to serve on this prestigious, industry-based Council,” said Vaccaro. “I look forward to actively fulfilling my advisory role with the Federal Reserve Bank of New York in this new capacity and I am committed to representing and advancing interests and issues of importance to our industry.”
A leader in both civic and philanthropic organizations, Mr. Vaccaro is a member of the Board of Trustees of RWJ/ Barnabas Health and a member of the Board and former Chair of Monmouth Medical Center. He is former Chair of the Board for Visiting Nurses Association of Central New Jersey, a former member of the Board of Trustees of Monmouth University and sits on the advisory board of Interfaith Neighbors and the leadership council of Prevention First. He also is the past Chair of the Board of Directors of New Jersey Bankers Association. Mr. Vaccaro is currently a member of the Board of Directors of Four Springs Capital, LLC.
For more information, including a list of the full membership, see Community Depository Institutions Advisory Council.
About Manasquan Bank:
Manasquan Bank, a mutual community bank with consolidated assets of $2.7 billion, is headquartered in Wall Township, NJ. The bank has been serving New Jersey residents since 1874 and continues to pioneer the future of banking with both traditional and digital solutions. The bank offers a full line of personal & business services and operates fifteen branch locations throughout Middlesex, Monmouth & Ocean Counties. Manasquan Bank proudly supports community-focused, non-profit initiatives through the Manasquan Bank Charitable Foundation. For more information, visit www.manasquan.bank.