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J. Russell Shannon Re-Elected to Dallas Fed Board

For Immediate Release: Jan. 10, 2017

DALLAS—J. Russell Shannon of Andrews, Texas, has been re-elected to the Federal Reserve Bank of Dallas board of directors by its member banks. He will serve a three-year term ending Dec. 31, 2019.

As a Dallas Fed board member, Shannon will provide input into regional economic conditions as part of the Federal Reserve’s monetary policy functions.

Shannon has been chairman, president and CEO of National Bank of Andrews for the past 33 years and has 38 years of experience in the banking industry.

He joined the Dallas Fed board in 2014.

Shannon serves as vice president of the Andrews County Industrial Foundation and served as chairman of the Andrews County Hospital Foundation.  He served two terms on the Texas Bankers Association board and Independent Bankers Association of Texas board and various positions on the Andrews County Appraisal Review board, Andrews United Way board, Andrews Chamber of Commerce and Texas Department of Aging & Disabilities Services Council.  He has been a member of the Permian Basin Abstract board for 11 years.

Additionally, he served as vice president of the Andrews Independent School District board of trustees for nine years, and as president and treasurer of the AISD Education Foundation.

Shannon is a graduate of Sam Houston State University and Texas Tech University Intermediate School of Banking.

Each Federal Reserve Bank has a nine-member board of directors. Three members represent commercial banks, three represent the public and three are appointed by the Federal Reserve Board of Governors in Washington, D.C.

For more information on the Dallas Fed, visit www.dallasfed.org.

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Media contact:
Alexander Johnson
Federal Reserve Bank of Dallas
Phone: (214) 922-5288
E-mail: alexander.johnson@dal.frb.org