Skip to:
  1. Main navigation
  2. Main content
  3. Footer
Press Release

Federal Reserve Bank of Cleveland Announces Officer Appointments

The Federal Reserve Bank of Cleveland announced the appointment of two new officers, effective February 23, 2016.

Joan Phelan has been named assistant vice president of Business Services, responsible for the oversight of procurement services, supplier diversity, and payment services.

Phelan started at the Cleveland Reserve Bank in 2001 as a budget analyst. Since then, she has held positions of increasing responsibility including serving as a senior analyst in Enterprise Risk Management, and most recently as manager of Strategy and Performance Management, where she was responsible for overseeing the development of the Bank’s strategic plan. Prior to joining the Bank, Phelan served as the director of a Cleveland-area standardized test preparation company. She has also worked in the insurance industry and for Shaker Heights City Schools.

A native of New Jersey, Phelan holds a bachelor’s degree in economics from Rutgers University and an MBA from Cleveland State University.

Lana Zachlin has been named assistant vice president in the Strategic Bank Services Department. Zachlin is responsible for the ongoing development and oversight of the Bank’s information security, business continuity, and data privacy programs and activities.

Zachlin started at the Bank in 1996 as a developer in ITS Application Development. She was promoted to project manager and to manager before being named to her current position. She has worked on projects for a number of Bank departments including cash processing, human resources, public information, procurement, and information security.

A Cleveland native, Zachlin earned her bachelor of science in math and computer science from John Carroll University. She also has a master’s in management science, with a concentration in information decision systems, from Case Western Reserve University Weatherhead School of Management.

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,, 513.218.1892