St. Louis Fed Announces Changes to Little Rock Branch Board

2/6/2006

LITTLE ROCK, Ark.— The Federal Reserve Bank of St. Louis announced the following appointment and reappointments to its Little Rock Branch board of directors.

Phillip Neal Baldwin, president and CEO of Southern Bancorp, has been appointed to a three-year term on the Federal Reserve Bank of St. Louis' Little Rock Branch board of directors. He is also a member of the boards of directors of the Arkansas Center for Health Improvement, the Arkansas Excellence Commission and the Arkadelphia Rotary Club Foundation.

Stephen M. Erixon, CEO of Baxter Regional Medical Center in Mountain Home, Ark., was reappointed to a three-year term on the St. Louis Fed's Little Rock Branch board of directors. Erixon is also a diplomate of the American College of Healthcare Executives, a member of the board of directors of the Arkansas Hospital Association and the advisory board of Arkansas State University.

Robert A. Young III, chairman of Arkansas Best Corporation in Fort Smith, Ark., was reappointed to a three-year term on the St. Louis Fed's Little Rock Branch. Young is also a vice president at large of the American Trucking Association, a member of the board of directors of First Bank Corp. in Fort Smith and a member of the board of trustees of Lyon College in Batesville.

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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