Louisville Gears Up for Check Standardization
In April, Louisville will be the first office in the Eighth District to move to Check Standardization, a project that will convert check processing platforms at each of the Federal Reserve's 45 sites to a standard, centrally managed platform. Conversions at the three remaining District offices will occur throughout the spring and summer.
Check Standardization is a Federal Reserve infrastructure change that will be largely transparent to financial institutions. However, bankers will notice a few changes—primarily on some printed outputs—after their local Fed office converts.
Eighth District Announces Changes to Boards of Directors
The Federal Reserve Bank of St. Louis has announced the following new board members:
- Lewis F. Mallory Jr., chairman and CEO of National Bank of Commerce in Starkville, Miss., elected to a three-year term at the St. Louis board.
- David H. Brooks, chairman and CEO of Stock Yards Bank & Trust Co., appointed to a three-year term at the Louisville Branch board.
- Cornelius A. Martin, president and CEO of Martin Management Group in Bowling Green, Ky., appointed to a three-year term at the Louisville Branch board.
- Thomas W. Smith, president and CEO of Ephraim McDowell Health in Danville, Ky., appointed to fill the unexpired portion of a three-year term at the Louisville Branch board.
- Tom A. Wright, chairman, president and CEO of Enterprise National Bank in Memphis, Tenn., appointed to fill the unexpired portion of a three-year term at the Memphis Branch board.