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February 12, 2016 10:23 PM ET


Company Overview of The Federal Reserve Bank of Cleveland

Company Overview

The Federal Reserve Bank of Cleveland, a central bank, specializes in payments systems, banking supervision, and economic issues. It acts as an active intermediary in clearing and settling interbank payments; models complex economic systems, analyzes data, and evaluates economic information to support the Federal Reserve Bank of Cleveland’s monetary policy, supervisory, and payments system responsibilities; produces economic research and monitors regional and national economic trends; and develops and implements electronic payment solutions for the federal government. The company’s education and public programs include tours for high school, college, and community groups; conferences and wor...

1455 East Sixth Street

Cleveland, OH 44114

United States

Founded in 1914





Key Executives for The Federal Reserve Bank of Cleveland

Chief Executive and President
Age: 56
Chief Operating Officer and First Vice President
Senior Vice President and General Counsel
Senior Vice President
Senior Vice President
Compensation as of Fiscal Year 2015.

The Federal Reserve Bank of Cleveland Key Developments

The Federal Reserve Bank of Cleveland Announces Board Changes

Doris Carson Williams, president and CEO of the African American Chamber of Commerce of Western Pennsylvania, has been appointed chair of the board of the Federal Reserve Bank of Cleveland's Pittsburgh branch for 2016. Williams has served on the board since 2014. Also appointed as directors are Stefani Pashman, CEO, Three Rivers Workforce Investment Board, and Dmitri Shiry, managing partner, Deloitte LLP. The Cleveland Fed released the appointments on January 15, 2016; they were effective as of Jan. 1, 2016. Additionally, Dawne Hickton, former president and CEO of RTI International Metals Inc., was appointed as a director. Hickton had chaired the Fed's Pittsburgh branch board from 2013-2015.

Federal Reserve Bank of Cleveland Announces Executive Appointments

The Federal Reserve Bank of Cleveland announced the following officer appointments, which were effective September 1, 2015. Tom Dockman joined the Federal Reserve Bank as vice president of eCommerce Strategic Initiatives on May 26, 2015. He is responsible for leading the Bank's eCommerce and Mobile business line. Before joining the Bank, Dockman held senior leadership positions at leading financial services and technology companies, including Mitek Systems, Ally Bank and Intuit. His responsibilities have spanned strategy, innovation, product management and professional services. Timothy McFadden has been named vice president, eGov Internet Channel Services. In addition to leading the Internet Channel Services function, he has responsibility for managing the US Treasury's business line. Patrick Devine has been appointed assistant vice president, eGov Settlement Services. He is responsible for the payments processing operation and for project management, application development, software quality assurance, and technical support. Jenni Frazer was appointed vice president, with responsibility for the Bank's large banking organization (LBO) supervision function. She leads supervisory programs for the large and most complex banking firms in the Fourth Federal Reserve District: Fifth Third Bancorp, Huntington Bancshares, Nationwide Mutual Insurance Company, KeyCorp, and The PNC Financial Services Group Inc. Frazer also continues her role as the deputy regional executive at the Bank's Cincinnati Branch.

Farmers National Banc Corp. Receives Regulatory Approvals from the Federal Reserve Bank of Cleveland and the Office of the Comptroller of the Currency

On September 8, 2015, Farmers National Banc Corp. announced that it has received regulatory approvals, including approval from The Federal Reserve Bank of Cleveland and the Office of the Comptroller of the Currency, necessary to complete the proposed merger of Tri-State 1 Banc Inc. with and into FMNB Merger Subsidiary, LLC, a newly-formed wholly-owned subsidiary of the company, pursuant to the Agreement and Plan of Merger dated as of June 23, 2015 by and among TSOH, Merger Sub and the company, and the related merger of 1 National Community Bank, with and into The Farmers National Bank of Canfield.

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