Simmons Appointed, Allen and Mathews Reappointed to St. Louis Fed's Memphis Branch Board

1/19/2006

MEMPHIS, Tenn. — The Federal Reserve Bank of St. Louis announced the following appointment and reappointments to its Memphis Branch board of directors.

Hunter Simmons, president and CEO of First South Bank in Jackson, Tenn., was appointed to a three-year term on the Federal Reserve Bank of St. Louis' Memphis Branch board of directors. Simmons is also a member of the board of directors of The Bankers Bank, president of Hardeman County Investment Co. and a member of the Jackson Rotary Club.

Meredith B. Allen, vice president of marketing for Staple Cotton Cooperative Association in Greenwood, Miss., was reappointed to a three-year term on the St. Louis Fed's Memphis Branch board of directors. Allen is also a member of the board of directors of the National Cotton Council and the Delta Council.

Levon Mathews, president of Regions Bank in Memphis, Tenn., was reappointed to the St. Louis Fed's Memphis Branch board of directors for a three-year term. Mathews is also a member of the board of directors of the Memphis Regional Chamber, Mid-South Minority Business Council and United Way of the Mid-South. He is also on the board of trustees of both The Dixon Gallery and Gardens and WKNO, and is a member of the Purdue University Krannert School of Management Dean's Advisory Council, and the University of Memphis College of Business & Economics Executive Advisory Council.

With branches in Little Rock, Louisville and Memphis, the Federal Reserve Bank of St. Louis serves the Eighth Federal Reserve District, which includes all of Arkansas, eastern Missouri, southern Indiana, southern Illinois, western Kentucky, western Tennessee and northern Mississippi. The St. Louis Fed 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, regulates state-chartered member banks and bank holding companies, and provides payment services to financial institutions and the U.S. government.

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