St. Louis Fed Little Rock Branch Announces Changes to Board of Directors

LITTLE ROCK, Ark. — The Federal Reserve Bank of St. Louis has announced the following changes to its Little Rock Branch board of directors:

Ray C. Dillon, president and CEO of El Dorado, Ark.-based Deltic Timber Corp., was designated chairman of the board of directors of the Little Rock Branch of the Federal Reserve Bank of St. Louis. He was also re-appointed to a three-year term ending December 31, 2014. Dillon also serves as board member of the American Wood Council, the National Alliance of Forest Landowners, the Arkansas Forestry Association, the Arkansas State Chamber/ Associated Industries of Arkansas, and the Quapaw Council of the Boy Scouts of America.

Mary Ann Greenwood, president of Fayetteville, Ark.-based Greenwood Gearhart Inc., has been appointed to the board of directors of the Little Rock Branch of the Federal Reserve Bank of St. Louis for a three-year term ending December 31, 2014. Greenwood also serves as president of Greenwood Group Ltd. Greenwood is the chair of the Arkansas Economic Development Commission, a member of the Northwest Arkansas Council and serves on the executive committee for the University of Arkansas Foundation, the board of advisors for the University of Arkansas – Fayetteville; the dean’s executive advisory board for the Sam B. Walton College of Business at the University of Arkansas, and the board of the Walton Arts Center Foundation.

Mark D. Ross, vice chairman and chief operating officer of Little Rock, Ark.-based Bank of the Ozarks, has been appointed to the board of directors of the Little Rock Branch of the Federal Reserve Bank of St. Louis for a three-year term ending December 31, 2014. Ross also serves on the board of trustees of the Baptist Health Foundation in Little Rock.

Also serving on the Little Rock Board are Michael A. Cook, vice president and assistant treasurer, Wal-Mart Stores Inc., Bentonville, Ark.; Kaleybra Morehead, vice president, college affairs/advancement, Southeast Arkansas College, Pine Bluff, Ark.; William C. Scholl, president, First Security Bancorp, Little Rock, Ark., and C. Sam Walls, CEO, Arkansas Capital Corp., Little Rock, Ark.

The operations of the Federal Reserve Bank of St. Louis and its three branches in Little Rock, Ark., Louisville, Ky., and Memphis, Tenn., are each supervised by a board of directors who are familiar with the economic and credit conditions of their respective regions. Their observations – along with the economic data and information gathered and analyzed by St. Louis Fed staff – help ensure that conditions of Main Street America are represented in Federal Open Market Committee deliberations in Washington, D.C.