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Bank Announces Regulation Department Promotions

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Contact: Katherine Q. Dibling, E-mail Senior Media Representative, 215-574-4119

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Philadelphia, Pa. — The Federal Reserve Bank of Philadelphia today announced the promotion of Constance H. Wallgren to vice president and chief examinations officer in the Bank's Supervision, Regulation and Credit (SRC) Department. Robin P. Myers will be promoted to assistant vice president, replacing Wallgren. In addition, William T. Wisser will be promoted to assistant vice president in SRC's Community and Regional Supervision (CRS) unit. All will assume their new responsibilities on June 1, 2011.

Constance H. WallgrenConstance H. Wallgren

Wallgren joined the Bank in 1982 as an assistant examiner in SRC. In 1985, she helped to establish the Bank's Community Affairs Department, now the Community Development Studies and Education Department. There she worked as an analyst, specializing in outreach surrounding community reinvestment. After that, she took on a business development role in which she sold services to financial institutions in the Third District.

Wallgren returned to SRC as a field examiner in the Consumer Compliance unit in 1990. She also worked in the safety and soundness and trust divisions of SRC. She was promoted to manager in 1993. In 1998, Wallgren moved to the Consumer Compliance/Community Reinvestment Act (CRA) Examinations unit as a manager. She was responsible for the creation of Consumer Compliance Outlook, a Federal Reserve System publication focusing on consumer compliance issues, and serves as its advisory board chair.

Since 2004, Wallgren has been an assistant vice president with responsibility for the Consumer Compliance/CRA Examinations unit. In her new role, she will be responsible for the supervision of state member banks, bank holding companies, and thrift holding companies located in the Third Federal Reserve District. She will retain responsibility for the department's Professional Development Group. Wallgren has a bachelor's degree and an MBA from Drexel University.

Robin P. MyersRobin P. Myers

Myers joined the Reserve Bank in 1990 as an assistant bank examiner. In 1997, she was promoted to manager of the Quality Control unit. She transferred to the Consumer Compliance/CRA unit in 1999 and was promoted to team manager in 2004. Prior to joining the Bank, she worked in the commercial loan departments at the First Pennsylvania Bank from 1987 until 1990 and at the Bank of Delaware from 1983 until 1987.

Myers is a recipient of the 2010 William Taylor Award for Excellence in Bank Supervision, which represents the supervision function's highest and most prestigious honor. In her new position, Myers will continue to oversee the consumer compliance supervision of state member banks and bank holding companies, the consumer complaint and the regulatory assistance functions, and the publication of Consumer Compliance Outlook. She has a bachelor's degree from the University of Delaware and an MBA from Villanova University.

William T. WisserWilliam T. Wisser

Wisser joined the Federal Reserve Bank of Philadelphia in 1998 as an examiner for community and regional banking organizations. He became a senior examiner in January 1999 and was promoted to supervising examiner a few years later. In 2004, he was promoted to team manager. In 2007, he returned to the field as a supervising examiner until September 2010, when he became team manager responsible for regional bank supervision. Prior to his arrival at the Bank, Wisser was an internal auditor at ADP Savings Bank, Allentown, Pa., where he worked from May 1997 through January 1998. Before that, he was a financial institutions examiner with the Commonwealth of Pennsylvania Department of Banking from September 1990 through May 1997. He has a bachelor's degree in business administration from Bloomsburg University.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.

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