New Member, Reappointments Announced for New Orleans Branch Board of Directors
For immediate release: January 7, 2022
NEW ORLEANS—The Federal Reserve Bank of Atlanta announces the appointment of John C. Driscoll to the New Orleans Branch board of directors. He was appointed by the Board of Governors to a three-year term beginning January 1, 2022, and ending December 31, 2024.
Driscoll is executive director and CEO of the Alabama State Port Authority in Mobile, Alabama. He was previously with the Port of Oakland in California and is currently on the board of the Mobile Area Chamber of Commerce and the Business Council of Alabama. He is a graduate of the University of Maryland.
Katherine A. Crosby and David T. Darragh have both been reappointed by the Atlanta board of directors to three-year terms beginning January 1, 2022, and ending December 31, 2024. Crosby is the chairman of Fidelity Bank in New Orleans. Darragh is president and CEO of Pod Pack International in Baton Rouge and operating partner of LongueVue Capital in Metairie, Louisiana.
The remaining directors of the Atlanta Fed's New Orleans Branch include:
- G. Janelle Frost, president and CEO of Amerisafe Inc. in DeRidder, Louisiana (term expires December 31, 2022);
- Michael E. Hicks Jr., president and CEO of Hixardt Technologies Inc. in Pensacola, Florida (term expires December 31, 2023); and
- William G. Yates III, president and CEO of W.G. Yates & Sons Construction Company and the Yates Companies Inc., in Biloxi, Mississippi (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 New Orleans Branch directors, and the Atlanta head office directors appoint four.