DeAlmeida will represent the fifth district and serve as its chair in 2017

The Federal Reserve System’s board of governors has invited Hamilton Bank President and CEO Robert DeAlmeida to serve on the national Community Depository Institutions Advisory Council (CDIAC), a 12-member, hand-selected group of banking experts. Members are selected from representatives of banks, thrift institutions and credit unions serving on local advisory councils at the 12 Federal Reserve Banks. Previously serving as acting representative, DeAlmeida will attend his first official meeting as chair next month.

DeAlmeida serves as chair of the fifth district, the Federal Reserve Bank of Richmond. In his new role on the CDIAC, DeAlmeida will travel to Washington twice a year to provide input on the economy, lending conditions and other issues of interest to community depository institutions to the board of governors. DeAlmeida will attend the national council meeting in April in Washington, D.C., providing valuable information on issues and conditions that affect a full range of community depository institutions with assets of less than $10 billion.

“It is an incredible honor to be invited to serve on the national Community Depository Institutions Advisory Council,” says DeAlmeida. “I look forward to working with my fellow CDIAC members to represent our colleagues at the federal level in the upcoming year.”

DeAlmeida’s tenure at Hamilton Bank began in 1990 when he was hired as the bank’s chief financial officer. At the time, the bank had two locations and fewer than 25 employees. The bank has since experienced significant growth, completing the acquisition of two community banks in the past 16 months. To celebrate more than 100 years in business, DeAlmeida and other members of the Hamilton Bank team were invited to ring the closing bell at Nasdaq in Times Square this past July.

In addition to serving as the chair of the Federal Reserve Bank of Richmond’s CDIAC, DeAlmeida serves on the Board of Directors of the Maryland Chamber of Commerce and is on the University of Baltimore Merrick School of Business Advisory Council, which provides a business perspective for the strategic direction of the school. He is chairman of the board of directors of Healthy Neighborhoods, a supporting organization of the Baltimore Community Foundation, which finances housing and home improvements for home buyers and homeowners in Baltimore City. DeAlmeida also serves on the Neighborhood Housing Services (NHS) of Baltimore loan committee. He has received numerous awards, including being named one of Maryland’s 2016 Most Admired CEOs.

DeAlmeida earned his bachelor’s degree in accounting from Loyola College of Maryland and his master’s degree in economics from the University of Baltimore.