Ives Bank CEO Martin G. Morgado Appointed to New York Fed’s Community Depository Institutions Advisory Council
DANBURY, CT, ISSUED April 9, 2025…The Federal Reserve Bank of New York has appointed Ives Bank President & Chief Executive Officer Martin G. Morgado to its Community Depository Institutions Advisory Council (CDIAC), effective immediately.
Members of the council serve three-year terms. The council members are representatives from commercial banks, thrift institutions, and credit unions that are headquartered in the Federal Reserve's Second District and have assets under $10 billion. The purpose of the council is to provide information and insight to the New York Fed from the perspective of community depository institutions.
The New York Fed's president and first vice president meet with the council twice a year to discuss regional economic and financial conditions and other issues confronting community depository institutions.
Mr. Morgado is currently serving as Vice Chair of the Board of the Connecticut Banking Association (CBA). He is a strong believer in teamwork and being an active member of the community. This is evidenced by the various boards that he serves on, including Housing Development Fund, Western Connecticut State University, Greater Danbury Chamber of Commerce, Waterbury Palace Theater, Danbury Housing Authority, and Catholic Charities.
Mr. Morgado has been with Ives Bank for 24 years, serving as President & CEO since 2016. After graduating from St. Michael’s College with a concentration in finance, he first worked at several other banks in Connecticut before joining Ives Bank. In his capacity as CEO, he oversees all operations of the Bank and its sixteen branches and 200 employees. Under his leadership the Bank plans to construct a 35,000 square foot building in downtown Danbury at the corner of Main and White Streets, to house the Bank’s non-branch back-office operations.
“I am pleased to have the opportunity to serve in an advisory position for the Federal Reserve Bank of New York,” Mr. Morgado said, adding, “The Community Depository Institutions Advisory Council serves as an impactful voice in the region providing guidance that supports our regional economic growth and stability. It is an honor to serve on the Council.”
For more information about Ives Bank, visit www.IvesBank.com