BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate Bank President and CEO Kevin P. Riley has been appointed to represent the Federal Reserve System’s 9th District on the Federal Advisory Council. Appointed by the Federal Reserve Bank of Minneapolis’ board of directors, Riley will act on behalf of an area that encompasses Minnesota, Montana, North Dakota, South Dakota, 26 counties in northwestern Wisconsin, and the Upper Peninsula of Michigan.
Riley joins the Federal Advisory Council as one of its 12 members. The Federal Advisory Council, a body created by the Federal Reserve Act, consists of one member – generally from the commercial banking industry – from each of the 12 Reserve Bank Districts. The council meets four times a year with the board of governors in Washington, D.C. The council and the Board of Governors discuss current financial and business conditions and make recommendations for potential policy changes. Members customarily serve three one-year terms.
“I am honored to serve as a member of the Federal Advisory Council,” said Riley. “I believe in the Federal Reserve’s mission and the important role it plays in helping to create strong, stable economic conditions throughout the U.S. I look forward to partnering with fellow members to make recommendations on potential policy changes that will help businesses and individuals prosper.”
Riley has served as president and chief executive officer of First Interstate Bank since September 2015. Prior, Riley was the Bank’s executive vice president and chief financial officer. He has more than 30 years of experience in commercial banking, corporate finance and retail banking. Before joining First Interstate Bank, he was executive vice president and chief financial officer for Berkshire Hills Bancorp and held various executive positions with KeyCorp. Riley holds a B.S. in business administration from Northeastern University in Boston, Massachusetts.
About First Interstate Bank
Headquartered in Billings, Montana, First Interstate Bank (NASDAQ:FIBK) is a $14 billion community banking organization with more than 150 branches across Idaho, Montana, Oregon, South Dakota, Washington and Wyoming. First Interstate is driven by strong values, with a focus on supporting the communities it serves through the financial services it provides as well as through volunteerism and philanthropy. As a recognized leader in community banking services, First Interstate is guided by strong values as well as a commitment to delivering long-term organic growth by exceeding client expectations and supporting – with leadership and resources – the communities it serves. Learn more at firstinterstatebank.com.