Los Angeles, California – The Federal Reserve Bank of San Francisco has re-appointed Steven W. Streit, founder and chief innovation officer of Green Dot Corporation, a financial technology and bank holding company in Pasadena, to its Los Angeles branch board of directors for a second three-year term.
Steven W. Streit
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Mr. Streit is the founder and former president and CEO of Green Dot Corporation, a role he held for 20 years. Since its founding in 1999, Mr. Streit has led Green Dot to become one of the nation’s largest providers of reloadable prepaid debit cards.
In addition, the Bank has announced that Anita V. Pramoda, chief executive office of Owned Outcomes, a healthcare software company in Las Vegas, Nevada, has been appointed to serve as chair of the Los Angeles branch board. She previously served as co-founder and CEO of TangramCare, and as executive advisor at Technology Crossover Ventures.
There are two director vacancies on the Los Angeles Board and recruitment is in progress.
The remaining members of the Los Angeles Branch Board of Directors include:
Carl Chang, chief executive officer, Redwood-Kairos Real Estate Partners, Pieology Pizzeria, Rancho Santa Margarita, CA
Luis Faura, president and chief executive officer, C&F Foods, Inc., City of Industry, CA
Robert H. Gleason, president and chief executive officer, Evans Hotels, San Diego, CA
About the Boards of Directors
The Federal Reserve Act of 1913 requires each of the 12 Reserve Banks to operate under the supervision of a board of directors. The Federal Reserve Bank of San Francisco’s head office is governed by nine directors who represent the interests of the 12th Reserve District and whose experience provides the Bank with a wider range of expertise that helps it fulfill its policy and operational responsibilities. The nine directors of each Reserve Bank are divided evenly by classification: Class A directors represent the member banks in the District; Class B directors and Class C directors represent the interests of the public. In the case of the Federal Reserve Bank of San Francisco, its four branches in Los Angeles, Portland, Salt Lake City and Seattle each have a separate seven-member branch board.
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.