New Members Announced for Atlanta Fed's Jacksonville Branch Board of Directors

New Members Announced for Atlanta Fed's Jacksonville Branch Board of Directors

For immediate release: January 7, 2022

JACKSONVILLE, Fla.-The Federal Reserve Bank of Atlanta announces the appointments of Lisa Palmer, Brian Wolfburg, and Monesia T. Brown to the Jacksonville Branch board of directors. Palmer was appointed by the Board of Governors to an unexpired term beginning January 1, 2022, and ending December 31, 2022. Wolfburg and Brown were also appointed to the Jacksonville Branch board of directors by the Atlanta Fed board of directors to serve a three-year term beginning January 1, 2022 and ending December 31, 2024.

Palmer is the president and CEO of Regency Centers Corporation in Jacksonville. She is a director at Brooks Rehabilitation and United Way of Northeast Florida. Palmer has a master's degree in business administration from the University of Pennsylvania and a bachelor's degree from the University of Virginia.

Wolfburg is the president and CEO of VyStar Credit Union in Jacksonville. He was previously with Alaska USA Federal Credit Union, Key Bank, and HSBC Bank USA and currently serves as treasurer at the Jacksonville Chamber of Commerce. Wolfburg has a master's degree in business administration from New York University and a bachelor's degree from the State University of New York at Buffalo.

Brown is the director of public affairs and government relations for Walmart in Tallahassee. She was previously an attorney and consultant at Metz, Husband & Daughton. Brown has a law degree from the University of Wisconsin and a bachelor's degree from Illinois State University.

The Bank also announces the reappointment of Timothy P. Cost, president of Jacksonville University, by the Board of Governors to a three-year term beginning January 1, 2022, and ending December 31, 2024.

The remaining directors of the Atlanta Fed's Jacksonville Branch include:

• Paul G. Boynton, vice chairman of Rayonier Advanced Materials in Jacksonville (term expires December 31, 2022);
• Edward A. Moratin, president and CEO of LIFT Orlando (term expires December 31, 2023); and
• William O. West, CEO of the Bank of Tampa (term expires December 31, 2023).

Federal Reserve Bank of Atlanta branch directors provide economic information from their industries and the branch territory to the district Bank's president and head office directors, who use the information in discussing monetary policy options and making discount rate recommendations. The Board of Governors appoints three of the Jacksonville Branch directors, and the Atlanta head office directors appoint four.

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