Federal Reserve Bank of Cleveland Announces Official Appointments

The Federal Reserve Bank of Cleveland has announced the following official appointments, effective January 1, 2008

Promotions:

Nadine M. Wallman has been promoted to vice president in the Supervision and Regulation Department. In this role, she will assume additional responsibility for the supervision of those banking organizations in the Fourth District that the Fed regulates. She will also oversee the analysis and processing of merger and expansion applications from banking organizations. Wallman joined the Bank in 1995 as an assistant bank examiner. She was named an assistant vice president in 2003. Wallman holds a bachelor's of science in business administration degree from John Carroll University in Cleveland and a master's degree in business administration, with a concentration in finance, from Duquesne University in Pittsburgh.

Evelyn M. Magas has been promoted to assistant vice president in the Supervision and Regulation Department. She will have responsibility for all of the business process support functions for the Bank's Supervision and Regulation, Credit Risk Management, and Statistics and Analysis Departments. Support functions include information technology, quality assurance, internal communications, and administrative support. Magas joined the Bank in 1985 as a senior assistant examiner. Most recently, she was a banking supervisor responsible for ensuring that Fourth District banking organizations appropriately manage operational risks, primarily related to information technology, business continuity, and audit. Magas holds bachelor's and master's degrees in business administration from the University of Toledo.

Jerrold L. Newlon has been promoted to assistant vice president in the Supervision and Regulation Department. He will be responsible for managing the supervision of large, complex banking organizations and regional banking organizations. Newlon joined the Bank in 2000 and currently serves as the central point of contact for a large financial institution in the Fourth District. Prior to joining the Bank, he served as vice president and senior credit officer for Bank One N.A. Newlon holds a bachelor's degree from Pennsylvania State University.

Other organizational changes:

Mark S. Meder, vice president, will assume responsibility for Financial Management Services and Strategy and Performance Management. Meder joined the Bank in 1993 as an assistant examiner in the Supervision and Regulation Department. He was named an assistant vice president in 2003 and a vice president in 2006. Most recently, Meder was responsible for the Credit Risk Management and Statistics and Analysis Departments. He holds a bachelor's degree in business administration from Cleveland State University and is a certified public accountant (inactive).

Patrick J. Geyer, assistant vice president, will become the Bank's Cash officer, with responsibility for the District's Cash operations. Geyer currently heads two Bank payment projects for the U.S. Treasury. He joined the Bank in 1995 as a customer service technician in the Funds Transfer/Electronic Delivery Services Department. He was named an assistant vice president in 2001. Geyer holds a bachelor's degree from the Ohio State University and a master's degree in business administration from Baldwn-Wallace College.

Diana C. Starks, assistant vice president, will also serve as assistant secretary to the Federal Reserve System's Conference of First Vice Presidents (CFVP). In this role, she will provide support to the CFVP and to the Bank's First Vice President and Chief Operating Officer, R. Chris Moore, who was named vice chair of the group for 2008 and 2009. Starks will continue in her current role providing support to the Bank's Executive Office, and serving as deputy equal employment opportunity officer. She joined the Bank in 1974, became a manager in 1994, and was appointed assistant vice president in 2003. She assumed her current responsibilities in 2005. Starks has a bachelor's degree in business administration from Hiram College and a master's degree in organizational management from the University of Phoenix.

The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., comprise the Federal Reserve System. As the nation's central bank, the Federal Reserve System formulates U.S. monetary policy, supervises certain banks and all bank holding companies, and provides payment services to depository institutions and the U.S. government. Payment services include check clearing, electronic payments, and the distribution and processing of currency and coin.

The Federal Reserve Bank of Cleveland, including its branch offices in Cincinnati and Pittsburgh, serves the Fourth Federal Reserve District, which includes Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.