The Federal Reserve Bank of Philadelphia has appointed Curtis J. Myers, chairman and chief executive officer of Fulton Bank and Fulton Financial Corporation, to its Board of Directors as a Class A director. Myers began his career at Fulton Bank in 1990, participating in the bank’s management training program and later moving through various roles in the commercial banking department. He was named chairman and CEO of Fulton Financial Corporation and Fulton Bank in 2023.
Myers is also active in several business and community boards, including the Pennsylvania Chamber, the Lancaster Economic Development Company, and Operation HOPE. In addition, he serves the banking sector through his membership on the American Bankers Association’s board of directors and the executive committee of the ABA Stonier Graduate School of Banking advisory board.
His educational background includes a Bachelor of Science in business administration from Shippensburg University and a Master’s in business administration from Saint Joseph’s University. Myers officially started his term on April 15, 2025.
The nine-member Board of Directors of the Federal Reserve Bank of Philadelphia is responsible for overseeing the bank’s operations, providing insights on economic conditions, setting discount rates, and acting as a bridge between the Federal Reserve and communities within the Third District, comprising eastern Pennsylvania, southern New Jersey, and Delaware. In accordance with the Federal Reserve Act, the district’s member banks elect three Class A directors to represent banking interests, and three Class B directors for the public. The Board of Governors appoints three Class C directors to represent the public, including the chair and deputy chair, ensuring they have no bank affiliations.
The Federal Reserve Bank of Philadelphia contributes to monetary policy creation and implementation, supervises various banking institutions, and offers financial services to depository institutions and the federal government. It operates as one of the 12 regional Reserve Banks forming the Federal Reserve System, collaborating with the Board of Governors in Washington, D.C.
