American Savings Bank CEO Ann Teranishi Appointed to Federal Reserve Bank of San Francisco’s Community Depository Institutions Advisory Council

American Savings Bank President and Chief Executive Officer Ann Teranishi has been appointed to the Federal Reserve Bank of San Francisco’s Community Depository Institutions Advisory Council (CDIAC) for the Twelfth District, effective January 1, 2026.

CDIAC members contribute their perspectives to the Federal Reserve Bank of San Francisco on the economy, lending conditions and other areas of interest to community depository institutions across the Twelfth District. The valuable insights they provide into how businesses and households are navigating economic conditions—including both short- and longer-term opportunities and concerns—help to shape the Fed’s understanding of local economies across the largest District in the Federal Reserve System.

Ann joins a select group of banking leaders from across the western United States chosen for their expertise and regional insight. Her appointment reflects American Savings Bank’s commitment to advancing economic opportunity, financial resilience and access to affordable housing for Hawaii’s residents and businesses.

“I’m honored to represent Hawaii’s unique economic landscape at the Federal Reserve,” Ann said. “American Savings Bank, like the many community banks across the country, plays a critical role in addressing local needs, from supporting small businesses to expanding access to affordable housing. It’s important that Hawaii’s perspective is part of these national conversations.”

Ann joined American Savings Bank in 2007 and has more than 20 years of banking experience. She previously served as Executive Vice President of Operations and was responsible for delivering operational improvements to enhance overall customer experience. She played a key role in transitioning ASB from more traditional branch-centric operations to online and other self-service options. Ann serves on several local and national boards, including Hawaii Executive Collaborative, U.S.-Japan Council and Catholic Charities of Hawaii Board of Advisors. She is also a trustee for Punahou School and a member of the Hawaii Business Roundtable and Hawaii Bankers Association Executive Committee.

Community Depository Institutions Advisory Council

The Community Depository Institutions Advisory Council (CDIAC) was established in 2010 by the Board of Governors to provide input to the Board on the economy, lending conditions and other topics of interest to community depository institutions. The council strengthens dialogue between financial institutions and the Federal Reserve, ensuring regional and local perspectives inform monetary policy and regulatory decisions. Members of the national CDIAC, who meet with the Board in Washington, are selected from the representatives of banks, thrift institutions and credit unions serving on each Reserve Bank’s CDIAC.

Federal Reserve Bank of San Francisco

The Federal Reserve Bank of San Francisco (SF Fed) is one of 12 Reserve Banks in the Federal Reserve System that advances the nation’s monetary, financial and payment systems to build a stronger economy for all Americans. As part of the U.S. central bank, the SF Fed serves the Twelfth Federal Reserve District, which covers the nine western states—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. The SF Fed covers approximately 1.3 million square miles, which accounts for approximately 36% of the nation, and serves more than 60 million people.