KENNEWICK, Wash. – We are excited to announce that our CEO, Eric Pearson has been appointed as a director on the Seattle Branch Board of the Federal Reserve Bank of San Francisco.
In his position, he will be responsible for providing insights into the local economy and providing recommendations for upcoming policies from the Federal Reserve, including interest rate policy. Pearson will serve a two-year term as director effective January 1, 2024.
Pearson will be the only member of the board to represent the Tri-Cities. The other three members of the board reside in Seattle, Wash., Spokane, Wash. and Anchorage, Alaska.
“I am excited to join the Board of Directors for the Seattle Branch of the Federal Reserve Bank of San Francisco and for the opportunity to learn more about the issues facing our regional and national economy and to serve as a voice for our local community,” Pearson said. “In this role, I will be able to offer input and recommendation for Fed policies in the future. The Tri-Cities region has not had such representation in the past and I look forward to the chance to share our story with this regional group and to share knowledge gained from this endeavor with our local community.”
San Francisco is the headquarters for the Twelfth Federal Reserve District. The Twelfth District covers Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, and Washington, as well as American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. It is the largest Federal Reserve District, both by geography and the size of its economy.
The Seattle Branch serves 249 financial institutions across Washington, Oregon, Alaska, northern Idaho and Hawaii. The Federal Reserve of San Francisco also operates branches in Los Angeles, Calif., Portland, Ore. and Salt Lake City, Utah, along with the Cash Processing Center in Phoenix, Ariz.
Community First Bank was founded in 1998 and remains the only locally owned and operated bank in the Tri-Cities. Since merging in 2016, Community First Bank and HFG Trust offer the complete spectrum of financial products and services, under one roof. Whether it is opening your first bank account or establishing a trust to preserve your legacy, we are Your Financial Partner for Life.