Fulton Financial CEO tapped to serve as director of Federal Reserve Bank of Philadelphia

Curtis J. Myers, CEO of Lancaster-based Fulton Financial, has been appointed as a director of the Federal Reserve Bank of Philadelphia.

In his new role on the nine-member board, Myers will help supervise one of the 12 banks that make up the Federal Reserve System.

The regional federal reserve banks provide services to member banks and the public, including lending, check processing and currency distribution.

As a bank director of the Federal Reserve Bank of Philadelphia, Myers also will offer observations on economic conditions to the Federal Open Market Committee and the Board Governors, which make decisions about the nation’s monetary policy, including setting the Fed’s benchmark rate.

Myers has been appointed as one of three Class A members of Philadelphia federal reserve bank board, meaning he was elected by the federal reserve member banks and represents them in the Third District, which includes eastern and central Pennsylvania, Delaware and southern New Jersey. Myers’ three-year term began April 15.

Myers joined Fulton Bank in 1990 as a member of the bank’s management training program and has held various positions in the commercial banking department. In January 2023, Myers was named chairman and chief executive officer of Fulton Financial Corp., the parent company of Fulton Bank.

As of March 31, Fulton’s total assets were $32.1 billion, up from $27.6 billion a year earlier. With a 29.4% share of the Lancaster County market, Fulton is the county’s largest bank by total deposits, Federal Deposit Insurance Corp. data shows.