Carol K. Nelson Appointed to Seattle Branch Federal Reserve Board

August 31, 2015

Carol K. Nelson

Carol K. Nelson

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.

Steven Fisher
Federal Reserve Bank of San Francisco
(425) 203-0799


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/sffed.