Kevin P. Riley, First Interstate Bank president and CEO, has been appointed to represent the Federal Reserve System’s 9th District on the Federal Advisory Council. Appointed by the Federal Reserve Bank of Minneapolis’ board of directors, Riley will act on behalf of an area that encompasses Minnesota, Montana, North Dakota, South Dakota, 26 counties in northwestern Wisconsin, and the Upper Peninsula of Michigan.
Riley joins the Federal Advisory Council as one of its 12 members. The Federal Advisory Council, a body created by the Federal Reserve Act, consists of one member, generally from the commercial banking industry, from each of the 12 Reserve Bank Districts. The council meets four times a year with the board of governors in Washington, D.C. The council and the board of governors discuss current financial and business conditions and make recommendations for potential policy changes. Members customarily serve three one-year terms.
Riley has served as president and CEO of First Interstate Bank since September 2015. Prior, Riley was the bank’s 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’s degree in business administration from Northeastern University in Boston.