Seattle, WA – The Federal Reserve Bank of San Francisco has appointed Carol K. Nelson, Pacific region executive and Seattle market president of Cleveland-based KeyBank to the Seattle Branch board of directors. The appointment was effective August 1, 2015.
KeyBank is one of the nation’s largest bank-based financial services companies. It has approximately $94 billion in assets and a branch network of nearly 1,000 offices.
Ms. Nelson joined KeyBank in January of 2015 and is responsible for business and private banking in Washington, Oregon and Alaska. She is the bank’s top executive in the Northwest. In the two years prior she was the Director of the Washington State Department of Revenue. Ms. Nelson has 35 years of experience in the banking industry including Chief Executive Officer at Cascade Bank and 24 years with Bank of America.
Ms. Nelson is a member of the Washington Round Table, and the Seattle University Board of Trustees and Finance Committee. Ms. Nelson holds BA and MBA business degrees from Seattle University.
Other members of the Seattle Branch board include Scott L. Morris, Avista Corp.; Craig Dawson, Retail Lockbox; Greg C. Leeds, Wizards of the Coast; Mary O. McWilliams, Washington Health Alliance (retired); and Nicole W. Piasecki, Boeing Commercial Airplanes.
The Federal Reserve Bank of San Francisco (SF Fed) serves the public by promoting a healthy, sustainable economy, and supporting the nation’s financial and payment systems. With offices in Los Angeles, Seattle, Salt Lake City, Portland and Phoenix, the Bank serves the Twelfth Federal Reserve District, which includes one-fifth of the nation’s population and represents the world’s fourth-largest economy. As part of the nation’s central bank, the SF Fed informs monetary policy, regulates banks, administers certain consumer protection laws and acts as a financial partner to the U.S. government.