Kevin Wright, president of STAR Bank, Fort Wayne, has been appointed to the Federal Reserve’s Community Depository Institutions Advisory Council, a national advisory group that provides input from community financial institutions to the Federal Reserve Board of Governors.
Wright is one of just 12 individuals selected to serve on the Chicago regional council. In this role, he will help ensure that the perspectives of Midwest regional and community-focused institutions are reflected in national conversations around economic conditions, lending, regulation and operational challenges.
Established in 2010, the CDIAC was created to strengthen communication between community depository institutions and the Federal Reserve. The council plays a role similar to the Federal Advisory Council but focuses specifically on institutions with approximately $10 billion or less in assets, ensuring that policy discussions at the federal level are informed by the realities facing smaller and mid-sized banks.
Council members serve staggered terms of up to three years and meet regularly with Federal Reserve leaders, including Chicago Fed President Austan Goolsbee, to share insights on regional banking conditions. Their input contributes directly to the Federal Reserve System’s approach to supervisory and monetary policy.
“Community banks play a vital role in supporting local economies, and it’s important that those perspectives are part of the national conversation,” Wright said. “I’m honored to represent not only STAR, but community-focused institutions across the Midwest, and to contribute insights that help shape thoughtful, balanced policy.”
“Kevin’s appointment is a meaningful recognition of his leadership and the strength of STAR’s community banking model,” added Kristin Marcuccilli Green, president of STAR Financial Group. “Having a voice at the Federal Reserve level reinforces the importance of community banks in driving economic growth and ensures institutions like ours are represented in decisions that impact the industry and the customers we serve.”
Wright was promoted to president of the bank in late 2022. He joined STAR in 2008 and was promoted to senior vice president of commercial banking in 2018. Wright has a bachelor’s degree from Taylor University, an MBA from Butler University, is a graduate of the Stonier Graduate School of Banking and earned a leadership certificate from the Wharton School of Business.
