The Federal Reserve Bank of San Francisco Announces 2008 Board of Directors

Business Wire, Dec 13, 2007

SAN FRANCISCO -- Two new members join the Federal Reserve Bank of San Francisco's board of directors. William D. Jones, president and CEO of San Diego-based CityLink Investment Corporation, and Daniel P. Myers, president and CEO of Bridge Bank, N.A., located in San Jose, California, were both elected for three-year terms beginning January 1, 2008. In addition, the Board of Governors of the Federal Reserve System redesignated for a third year beginning January 1, 2008 Mr. David K.Y. Tang chairman and Mr. T. Gary Rogers deputy chairman of the San Francisco Fed board.

Mr. Jones is president and CEO of CityLink Investment Corporation, a real estate investment, development and management firm, with over 500,000 square feet in urban communities of San Diego. Prior to founding CityLink Investment Corporation, Mr. Jones served as investment manager/assistant to the chairman of Prudential Realty Group and later as a general manager of a $400 million commercial real estate portfolio in the Northwest for Prudential Realty Group. In addition to his business experience, Mr. Jones' career also includes 15 years of service in the San Diego municipal government. He served as deputy mayor of the City of San Diego in 1986 and as councilmember for the city's Fourth District from 1982 to 1987. Among Mr. Jones' numerous community affiliations, he is a director with SEMPRA Energy and its affiliated companies, AMCAP/American Mutual Funds, and the San Diego Padres Baseball Club. He is a former director and chairman of the Federal Reserve Bank of San Francisco's Los Angeles Branch. Mr. Jones holds a degree in economics from the University of San Diego and an MBA from Harvard University.

Mr. Myers is a founder and the president and CEO of Bridge Bank, N.A., a full-service professional business bank serving the needs of small and middle-market business and emerging technology companies. He is also a director, president and CEO of the bank holding company, Bridge Capital Holdings. Mr. Myers has 25 years of banking experience in the South San Francisco Bay/Silicon Valley area, all with independent community banks, and has held various executive management positions. Mr. Myers is a director with Western Independent Bankers and a member of the Silicon Valley/San Jose Chamber of Commerce. Mr. Myers has a degree in zoology from DePauw University and attended the Institute of Financial Services Management at the California State University, San Jose, and the Pacific Coast Banking School at the University of Washington, Seattle.

Each of the nation's 12 Federal Reserve Banks has a nine-member board of directors, three of whom are appointed by the Board of Governors of the Federal Reserve System as class C directors. The remaining six (three class A and three class B directors) are elected by the District's member banks. Class A directors are drawn from the banking community. Class B and C directors are individuals chosen from professions outside the banking community and typically represent business, industry, agriculture, labor and consumers. Mr. Jones joins the board as a class B director and Mr. Myers joins as a class A director.

The remainder of the Federal Reserve Bank of San Francisco board includes:

David K.Y. Tang, (chairman) K&L Gates, Seattle, WA. Mr. Tang is a class C director.

T. Gary Rogers, (deputy chairman) Dreyer's Grand Ice Cream, Inc., Oakland, CA. Mr. Rogers is a class C director.

Karla S. Chambers, Stahlbush Island Farms, Inc., Corvallis, OR. Mrs. Chambers is a class B director.

Blake W. Nordstrom, Nordstrom, Inc., Seattle, WA. Mr. Nordstrom is a class B director.

Douglas W. Shorenstein, Shorenstein Properties LLC, San Francisco, CA. Mr. Shorenstein is a class C director.

Candace H. Wiest, West Valley National Bank, Avondale, AZ. Ms. Wiest is a class A director.

Kenneth P. Wilcox, Silicon Valley Bank, Santa Clara, CA. Mr. Wilcox is a class A director.

The Federal Reserve Bank of San Francisco provides wholesale banking services to financial institutions in the nine western states through its head office in San Francisco, branch offices in Los Angeles, Portland, Salt Lake City, and Seattle, and a cash processing office in Phoenix. As the nation's central bank, the Federal Reserve System formulates monetary policy, serves as a bank regulator, administers consumer protection laws, and is fiscal agent for the U.S. government.