The Federal Reserve Bank of St. Louis announced a change to the board of directors of its Memphis Branch, appointing Johnny B. Moore Jr. to a three-year term effective January 2026. Moore is Tennessee regional president of Truist Financial Corp. The other Memphis Branch directors listed are Jeff Agee (First Citizens National Bank), Rhamy Alejeal (People Processes), Erica Plybeah (MedHaul Inc.), Joshua Poag (Poag Development Group) and Henry N. Reichle Jr. (Staple Cotton Cooperative Association). The Bank noted that its head office and branch directors provide observations on regional economic and credit conditions that, alongside staff analysis, help ensure Main Street conditions are represented in Federal Open Market Committee deliberations.