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:

Tyrone Burroughs, president and CEO of First Choice Sales and Marketing Group Inc. in Memphis, Tenn., has been appointed by the St. Louis Fed board of directors to a three-year term.

Beverly Crossen, owner of FarmHouse Tupelo in Tupelo, Miss., has been appointed by the Federal Reserve Board of Governors to fill the unexpired portion of a three-year term.

Also serving on the board are:

Jeff Agee, chairman and CEO of First Citizens National Bank in Dyersburg, Tenn.; Kathy Buckman Gibson, president and CEO of KBG Technologies in Memphis, Tenn.; Davy Carter, regional president at Centennial Bank in Jonesboro, Ark.; and Henry N. Reichle Jr., president and CEO of Staple Cotton Cooperative Association (Staplcotn) in Greenwood, Miss.

Members of the St. Louis Fed’s board of directors and those of its branch boards 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 more information about the St. Louis Fed’s boards of directors, see stlouisfed.org/about-us/our-leadership/board-of-directors.