Dale Roskom Named Federal Reserve Bank of Cleveland First Vice President and Chief Operating Officer

The Federal Reserve Bank of Cleveland has appointed Dale Roskom as the Bank's first vice president and chief operating officer. The announcement was made today by Sandra Pianalto, president of the Cleveland Reserve Bank. The appointment was made by the Bank's board of directors and approved by the Board of Governors of the Federal Reserve System in Washington, D.C.

Roskom assumes his new position effective February 1, 2010, and will oversee the Bank’s financial services, which include cash processing, check clearing, electronic payments, and savings bond processing. He will also oversee related support functions, such as information technology services, financial management, human resources, protection, and facilities. Roskom succeeds R. Chris Moore, who passed away in 2009.

Before leading his own consulting group in 2009, Roskom served as executive vice president and chief risk and credit officer at National City Corporation. He has also served in executive roles at Barclaycard, First USA Bank, Australia and New Zealand Banking Group, U.S. Bancorp, and Bank One. He holds a bachelor’s degree in accounting and a master’s degree in finance from the University of Wisconsin-Madison.

In announcing the appointment, Pianalto said, "I know that Dale will draw on his wide-ranging career experiences, demonstrated talent, and enthusiastic leadership spirit to help the Cleveland Reserve Bank advance its mission and achieve its strategic objectives in the years to come."

The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., comprise the Federal Reserve System. As the nation's central bank, the Federal Reserve System formulates U.S. monetary policy, supervises certain banks and all bank holding companies, and provides payment services to depository institutions and the U.S. government. Payment services include check clearing, electronic payments, and the distribution and processing of currency and coin.

The Federal Reserve Bank of Cleveland, including its branch offices in Cincinnati and Pittsburgh, serves the Fourth Federal Reserve District, which includes Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.