Kevin P. Riley, president and CEO of First Interstate Bank, Billings, Mont., was named a member Federal Advisory Council.
Appointed by the Federal Reserve Bank of Minneapolis’ board of directors, Riley will serve a one-year term.
Riley has served as president and CEO of First Interstate Bank since September 2015. Prior, he was 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 Bachelor of Science degree in business administration from Northeastern University in Boston.
“I am honored to serve as a member of the Federal Advisory Council,” Riley said. “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.”
The Federal Advisory Council consists of one member from each of the 12 Reserve Bank Districts, generally from the commercial banking industry. The council meets four times a year with the board of governors in Washington, D.C. Members customarily serve three one-year terms.