Manasquan Bank’s Vaccaro Appointed President of National CDIAC

On Mar 18, 2026

James S. Vaccaro, chair, president and CEO of Wall-based Manasquan Bank, has been appointed president of the National Community Depository Institutions Advisory Council (CDIAC) for the year 2026. The appointment was confirmed by Michelle W. Bowman, vice chair for supervision of the Board of Governors of the Federal Reserve System.

The CDIAC was established in 2010 by the Board of Governors to provide input to the Board on the economy, lending conditions, and other issues of interest to community depository institutions. As president, Vaccaro will work alongside other members of the council to ensure the effective representation of the interests of community banks, credit unions, and thrifts at the national level. The National CDIAC is populated by one member from each of the Federal Reserve System’s 12 districts. Vaccaro also serves as chair of the Federal Reserve Bank of New York’s CDIAC.

In addition to his leadership at Manasquan Bank, Vaccaro has been a strong advocate for community-based financial institutions for many years. Since joining the CDIAC in 2023, he has brought extensive experience and commitment to supporting the success and stability of community depository institutions. His appointment as president of the national CDIAC further underscores his dedication to advancing the mission of the council and promoting the continued growth of the entire community banking sector.

“I am honored to accept the role of president for the CDIAC and look forward to collaborating with fellow Council members and the Federal Reserve Board of Governors to provide thoughtful guidance on critical issues affecting community institutions,” said Vaccaro. “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 President, Vaccaro will play a key role in coordinating and leading council activities and assisting with the preparation for the national meetings, at which the council meets with the Federal Reserve Board of Governors.

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