St. Louis Fed Memphis Branch Announces Changes to Board of Directors

MEMPHIS, Tenn. — The Federal Reserve Bank of St. Louis has announced the following changes to its Memphis Branch board of directors, effective Jan. 1, 2015:

Michael E. Cary, president and CEO of Carroll Bank and Trust in Huntingdon, Tenn., has been appointed to a three-year term on the board of directors of the Memphis Branch of the Federal Reserve Bank of St. Louis.

David T. Cochran, Jr., partner with CoCo Planting Company and CoCo Manufacturing, both based in Avon, Miss., has been appointed to a three-year term on the board of directors of the Memphis Branch of the Federal Reserve Bank of St. Louis.

Roy M. Ford, Jr., vice chairman and CEO of Commercial Bank and Trust Co. in Memphis, Tenn., has been reappointed to a second three-year term on the board of directors of the Memphis Branch of the Federal Reserve Bank of St. Louis.

Chairman of the Memphis Branch board of directors for 2015 will be Carolyn Chism Hardy, president and CEO of Chism Hardy Investments, LLC, and Hardy Logistics Solutions, LLC, both based in Memphis, Tenn. Also serving on the board are: J. Brice Fletcher, chairman of First National Bank of Eastern Arkansas in Forrest City, Ark.; Lisa McDaniel Hawkins, president of Room to Room Inc. in Tupelo, Miss.; and Charlie E. Thomas, III, regional director of External and Legislative Affairs for AT&T Tennessee in Memphis, Tenn.

Members of the board of directors of the Federal Reserve Bank of St. Louis and the advisory boards of its three branches in Little Rock, Ark., Louisville, Ky., and Memphis, Tenn., 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. For a listing of all current directors, see www.stlouisfed.org/about_us/board.cfm.