The Federal Reserve Bank of San Francisco appointed Gale Castillo, president, Cascade Centers, Inc., Portland, OR, to the Portland Branch’s Board of Directors.
The San Francisco Fed also announced the following new designations: Charles A. Wilhoite, managing director at Willamette Management Associates, Portland, OR, has been appointed chair of the Branch’s Board of Directors for 2019, and Stacey M.L. Dodson, market president for Portland and Southwest Washington at U.S. Bank, has been reappointed. The terms for Ms. Castillo, Mr. Wilhoite, and Ms. Dodson were effective January 1, 2019.
Cascade Centers was founded in 1975 and has grown to be one of the country’s largest privately held firms providing Employee Assistance Program services and staff programs. In addition to running Cascade Centers, Ms. Castillo is chair of the board of trustees at Portland State University and serves as secretary of the board at Linfield College. She holds a bachelor’s degree from Linfield College and a master’s degree in education from Portland State University.
Mr. Wilhoite is a managing director at Willamette Management Associates and has been based in the Portland, OR, office since 1990. He specializes in business valuation and litigation support services, and leads the firm’s tax-exempt entities and health care services practice. Mr. Wilhoite has served on the Portland Branch Board of Directors since January 1, 2015. He holds bachelor’s degrees in accounting and finance from Arizona State University.
As the market president of U.S. Bank in Portland and Southwest Washington, Ms. Dodson has led the region as U.S. Bank’s senior executive since 2015. She also leads the local U.S. Bank Foundation and is head of Oregon’s Commercial Banking Group. Previously, Ms. Dodson was U.S. Bank’s region president for central and eastern Oregon. Ms. Dodson holds a bachelor’s degree from Willamette University and a certification for Advanced Commercial Lending from Western Banking School.
The balance of the Portland Branch Board includes:
Anne C. Kubisch, president and CEO, The Ford Family Foundation, Roseburg, OR
Hilary K. Krane, executive vice president and chief administrative officer and general counsel, NIKE, Inc., Beaverton, OR
Cheryl R. Nester Wolfe, president and CEO, Salem Health Hospital and Clinics, Salem, OR
Steven J. Zika, CEO, Hampton Lumber, Portland, OR
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.