Wauwatosa, Wis. — 3/2/2018 — WaterStone President and CEO Doug Gordon has been appointed to the Federal Reserve Bank of Chicago’s Community Depository Institutions Advisory Council, joining industry leaders from across the Midwest.

Gordon will serve a three year term on the Council starting March 2, 2018.

“I am honored to join the Advisory Council to provide insight into our Wisconsin economy and the current banking landscape. This opportunity will provide a platform to benefit all Wisconsin Financial Institutions,” said Gordon.

“The purpose of the Council is to promote communication between the Chicago Fed and representatives from community depository institutions, including banks, thrifts and credit unions in the Seventh District,” according to the Federal Reserve Bank of Chicago’s website. “Council members serve staggered terms lasting up to three years and meet twice annually to provide their views on current business conditions to Chicago Fed President Charles Evans and other senior officials of the Bank. Input from the Council members on regional banking conditions helps contribute to the Federal Reserve System’s formulation of national supervisory and monetary policy.”

About WaterStone Bank
WaterStone Bank, established in 1921, offers a full suite of personal and business banking products. The community bank has branches in Wauwatosa, Brookfield, Fox Point/North Shore, Franklin/Hales Corners, Germantown/Menomonee Falls, Greenfield, Oak Creek, Oconomowoc/Lake Country, Pewaukee, Waukesha/Brookfield and West Allis, Wisconsin along with a commercial lending branch in Minneapolis, Minnesota. WaterStone Bank is the parent company to Waterstone Mortgage, which offers mortgage banking offices in 25 states. For more information about WaterStone Bank, go to https://www.wsbonline.com. Follow WaterStone Bank on Facebook, Twitter, LinkedIn, YouTube and Google+.

About the Federal Reserve Bank of Chicago
The Federal Reserve Bank of Chicago is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the nation’s central bank. The Chicago Reserve Bank serves the Seventh Federal Reserve District, which encompasses the northern portions of Illinois and Indiana, southern Wisconsin, the Lower Peninsula of Michigan, and the state of Iowa. In addition to participation in the formulation of monetary policy, each Reserve Bank supervises member banks and bank holding companies, provides financial services to depository institutions and the U.S. government, and monitors economic conditions in its District.