Jeffrey R. Schmid (born 1958/1959)[1] is the President of the Federal Reserve Bank of Kansas City. He assumed office on 21 August 2023, succeeding Esther L. George.[2]
He previously served as president of the Southwestern Graduate School of Banking at Southern Methodist University, held unspecified positions within the FDIC,[2] and served as the CEO of Mutual of Omaha Bank.[3]
An excerpt from the Kansas City Fed's website highlights Schmid's career:
From 2007 to 2019, Schmid served as the chairman and CEO of Mutual of Omaha Bank, leading the formation of the institution, which grew to a workforce of nearly 2,000. After the bank was sold to CIT group in 2019, he became CEO of family owned Susser Bank in Dallas. He then joined the Southwestern Graduate School of Banking Foundation at SMU as its president and CEO in 2021.[2]
References
- ^ "Who has to leave the Federal Reserve next?".
- ^ a b c "Jeffrey R. Schmid named tenth president and chief executive officer of the Federal Reserve Bank of Kansas City". www.kansascityfed.org. 2023-08-02. Retrieved 2023-08-24.
- ^ "Kansas City Fed names ex-bank executive as new president". Axios. Retrieved 3 August 2023.
