The Federal Reserve Bank of New York today announced the establishment of the Upstate New York Regional Advisory Board. The 10-member board comprised of prominent business and community leaders from the broader upstate New York region, including the Albany Capital area, will provide the New York Fed with financial and economic information on conditions in their respective industries and the upstate New York region.
Board members will serve three-year terms, which may be extended, and will meet with the Banks senior leadership three times per year. Alphonso O’Neil-White, President and CEO, HealthNow New York Inc., will serve as the first chairman of the Board. Inaugural Board members include:
Alphonso ONeil-White, President & CEO, HealthNow New York Inc., Buffalo, ChairmanThomas DAmbra, Chairman & CEO, Albany Molecular, AlbanyIrwin Davis, President & CEO, Metropolitan Development Foundation of Syracuse and Central New York, Inc., SyracuseJonathan Judge, President & CEO, Paychex Inc., Rochester
James P. Laurito, President & CEO, New York State Electric & Gas, Rochester Electric & Gas, RochesterRobert S. Sands, President & CEO, Constellation Brands, Inc., FairportJoel Seligman, President, University of Rochester, RochesterJulie Shimer, President & CEO, WelchAllyn, Skaneateles FallsMichele D. Trolli, Executive Vice President & Chief Information Officer, M&T Bank, BuffaloKim J. Zuber, Co-Owner, Zuber Farms, LLC, Churchville
The Board will combine insights of former members of the Buffalo Branchs Board of Directors with other prominent business leaders, thus strengthening the Banks relationships in the greater upstate New York region. Information exchanged through the Board will ensure that policymakers at the New York Fed continue to receive economic and financial intelligence from an upstate New York perspective.
Creation of the Upstate New York Regional Advisory Board supports the Banks regional strategy and follows the restructuring of the Banks operations and its decision to close the New York Feds Buffalo Branch effective 31 October 2008. This reallocation of resources is consistent with the Banks goal to enhance analysis and outreach across the Second District.
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