Federal Reserve Bank of St. Louis Announces Changes to Memphis Branch Board

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

• David P. Rumbarger, Jr., president and CEO of Community Development Foundation in Tupelo, Miss., has been reappointed to a three-year term on the Federal Reserve Bank of St. Louis' Memphis Branch board. Rumbarger is also a director of CREATE Community Foundation, and a member of the board of directors of the Mississippi Economic Development Council and the Tupelo Symphony.
• Charles S. Blatteis, partner in The Bogatin Law Firm, PLC, in Memphis, has been appointed to fill the unexpired portion of a three-year term that ends Dec. 31, 2007. Blatteis is also a member of the boards of directors of the Memphis Regional Chamber of Commerce, United Way of the Mid South and Leadership Memphis, a member of the American, Tennessee and Memphis Bar Associations, and is the former chairman of the board of the Hispanic Business Alliance Inc.
• Nick Clark, partner in Clark & Clark in Memphis, has been appointed to a three-year term on the Memphis Branch board. Clark is also a member of the boards of directors of the Memphis Regional Chamber of Commerce and the Memphis Economic Club, and a commissioner of the board of Memphis Light, Gas & Water.

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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