#United States #James S. Vaccaro #Manasquan Bank #CDIAC #Wall Township

James S. Vaccaro Takes on New Role as Vice President of CDIAC

Manasquan Bank, a stalwart in community banking with over $3 billion in assets, is proud to announce that its Chair, President, and CEO, James S. Vaccaro, has been appointed Vice President of the National Community Depository Institutions Advisory Council (CDIAC) for 2025. This prestigious appointment was confirmed by Michelle W. Bowman, a member of the Board of Governors of the Federal Reserve System, marking a significant milestone for both Vaccaro and the bank.

The CDIAC plays a crucial role by providing essential insights into the challenges and opportunities that community depository institutions face. In his new role, Vaccaro will collaborate with fellow Council members to ensure that the interests of community banks, credit unions, and thrifts are effectively represented at the national level. The Council is composed of one representative from each of the twelve districts of the Federal Reserve System, a testament to the importance of localized representation in the financial industry.

In addition to leading Manasquan Bank, Vaccaro has been an ardent advocate for community-focused financial institutions for many years. Since joining the CDIAC in 2023, he has leveraged his extensive experience and deep commitment to support community depository institutions' growth and stability. His elevation to Vice President underscores his dedication to advancing the Council's mission and nurturing the development of the community banking sector.

Vaccaro expressed his gratitude for the opportunity, stating, "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. 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.”

As Vice President, he will play a vital role in coordinating Council activities and assisting with the preparation for national meetings where the Council engages with the Federal Reserve Board. His leadership promises to enhance the dialogue and collaboration necessary to navigate the evolving financial landscape effectively.

Manasquan Bank wholeheartedly congratulates Mr. Vaccaro on this notable appointment, confident that his expertise and leadership will greatly benefit the CDIAC and the broader community banking sector.

About Manasquan Bank

Founded in 1874 and headquartered in Wall Township, NJ, Manasquan Bank is a mutual community bank committed to pioneering the future of financial services through both traditional and digital solutions. With a network of fifteen branch locations across Middlesex, Monmouth, and Ocean Counties, the bank offers a full array of personal and business services to its customers. Additionally, through the Manasquan Bank Charitable Foundation, the bank actively supports community-focused, non-profit initiatives, reinforcing its commitment to the residents of New Jersey.

For more information on Manasquan Bank and its services, visit manasquan.bank.