Dale Roskom Named Federal Reserve Bank of Cleveland First Vice President and Chief Operating Officer

The Federal Reserve Bank of Cleveland has appointed Dale Roskom as the Bank's first vice president and chief operating officer. The announcement was made today by Sandra Pianalto, president of the Cleveland Reserve Bank. The appointment was made by the Bank's board of directors and approved by the Board of Governors of the Federal Reserve System in Washington, D.C.

Roskom assumes his new position effective February 1, 2010, and will oversee the Bank’s financial services, which include cash processing, check clearing, electronic payments, and savings bond processing. He will also oversee related support functions, such as information technology services, financial management, human resources, protection, and facilities. Roskom succeeds R. Chris Moore, who passed away in 2009.

Before leading his own consulting group in 2009, Roskom served as executive vice president and chief risk and credit officer at National City Corporation. He has also served in executive roles at Barclaycard, First USA Bank, Australia and New Zealand Banking Group, U.S. Bancorp, and Bank One. He holds a bachelor’s degree in accounting and a master’s degree in finance from the University of Wisconsin-Madison.

In announcing the appointment, Pianalto said, "I know that Dale will draw on his wide-ranging career experiences, demonstrated talent, and enthusiastic leadership spirit to help the Cleveland Reserve Bank advance its mission and achieve its strategic objectives in the years to come."

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that along with the Board of Governors in Washington DC comprise the Federal Reserve System. Part of the US central bank, the Cleveland Fed participates in the formulation of our nation’s monetary policy, supervises banking organizations, provides payment and other services to financial institutions and to the US Treasury, and performs many activities that support Federal Reserve operations System-wide. In addition, the Bank supports the well-being of communities across the Fourth Federal Reserve District through a wide array of research, outreach, and educational activities.

The Cleveland Fed, with branches in Cincinnati and Pittsburgh, serves an area that comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.

Media contact

Doug Campbell, doug.campbell@clev.frb.org, 513.455.4479