Megan Clubb Appointed to Portland Branch Federal Reserve Board
Portland, OR – The Federal Reserve Bank of San Francisco has appointed Megan Clubb, president and CEO of Baker Boyer Bank, to the Portland Branch board of directors, effective January 1, 2010. The board of directors provides the region’s economic perspective to the Federal Reserve Bank’s district board of directors in San Francisco and the Board of Governors in Washington, D.C. The Board of Governors uses this information when determining national economic policies and banking regulations.
Baker Boyer National Bank, headquartered in Walla Walla, Washington, is the oldest independently owned community bank in the state, with nine branches and wealth management and business banking offices in the Walla Walla Valley, Yakima, and The Tri-Cities. Baker Boyer ranked 87th among all community banks nationally on the Top 200 Community Banks list for 2009, compiled by U.S. Banker magazine based on a three year average return on equity. It also ranked 15th on the 2009 Seattle Business magazine list “Best Places to Work in Washington.”
The Federal Reserve’s Portland Branch Board of Directors is chaired by James Rudd, Ferguson Wellman Capital Management, Inc. Other members include David Chen, Equilibrium Capital Group LLC; Peggy Fowler, Portland General Electric; Roger Hinshaw, Bank of America; Judith Johansen, Marylhurst University; and Roderick Wendt, JELD-WEN, inc.
Federal Reserve Bank of San Francisco, Portland Branch
The Federal Reserve Bank of San Francisco, with branch offices in Los Angeles, Seattle, Salt Lake City, and Portland, and a cash processing office in Phoenix, provides wholesale banking services to financial institutions throughout the nine western states. As the nation’s central bank, the Federal Reserve System formulates monetary policy, serves as a bank regulator, administers certain consumer protection laws, and is fiscal agent for the U.S. government. Follow us on Twitter at twitter.com/sffedreserve.