Business Leaders Appointed to Federal Reserve Bank of Cleveland’s Cincinnati Branch Board

The Federal Reserve Bank of Cleveland has announced the following appointments and elections to its main office board of directors and its branch boards in Cincinnati and Pittsburgh and to the Federal Advisory Council effective Jan. 1, 2019.

A pair of Lexington business leaders, Holly Wiedemann and Tucker Ballinger, were among those who received appointments.

Wiedemann, the president of AU Associates, was appointed a director of the Cincinnati Branch, Federal Reserve Bank of Cleveland.

Ballinger, president and chief executive officer of Forcht Bank, was reappointed a director of the Cincinnati Branch, Federal Reserve Bank of Cleveland.

Among the other appointments and elections were:

Federal Reserve Bank of Cleveland
-Dawne S. Hickton , president and founding partner, Cumberland Highstreet Partners, Sewickley, Pennsylvania, and former CEO of RTI International Metals, Inc., was appointed to a second term as director and reappointed as chair of the board of directors of the Federal Reserve Bank of Cleveland for 2019.

-Dwight E. Smith , president and chief executive officer, Sophisticated Systems, Inc., Columbus, Ohio, was reappointed deputy chair of the board for 2019. Smith served as deputy chair of the Cleveland board for 2018 and as a director of the board since 2017.

-Valarie L. Sheppard , senior vice president, comptroller, and treasurer, The Procter & Gamble Company, Cincinnati, was elected a director. Sheppard also served as a director of the Federal Reserve Bank of Cleveland, Cincinnati Branch, from 2014 to 2018.

-Eddie L. Steiner , president and chief executive officer, CSB Bancorp, Inc., Millersburg, Ohio, was elected a director.

Cincinnati Branch, Federal Reserve Bank of Cleveland
Jenell R. Ross , president, Bob Ross Auto Group, Centerville, Ohio, was appointed chair of the board of directors of the Federal Reserve Bank of Cleveland, Cincinnati Branch, for 2019.

-Rachid Abdallah , chair and chief executive officer, Jedson Engineering, Cincinnati, was appointed a director.

Pittsburgh Branch, Federal Reserve Bank of Cleveland
-Dmitri Shiry , managing partner, Deloitte LLP, Pittsburgh, Pennsylvania, was appointed chair of the board of directors of the Federal Reserve Bank of Cleveland, Pittsburgh Branch, for 2019 and was reappointed a director.

-Vera Krekanova , chief research officer, Allegheny Conference on Community Development, Pittsburgh, Pennsylvania, was appointed a director.

Federal Advisory Council
-Beth E. Mooney , chairman and chief executive officer, KeyCorp, Cleveland, Ohio, was reappointed to a third one-year term as the Fourth Federal Reserve District’s representative on the Federal Advisory Council.

The Federal Advisory Council comprises representatives of the banking industry from each of the 12 Federal Reserve Districts. The Council consults with and advises the Board of Governors of the Federal Reserve System on general business conditions and issues related to the financial services industry.

From Federal Reserve Bank of Cleveland

January 16, 2024
January 10, 2024 | By Shepherd Snyder A $2.8 million sale between Transylvania University and a group of Lexington banks will transform the school’s baseball field into an affordable housing development. The 12.5 acre development will include both rental and owned properties for families making 30 to 80 percent of the city’s median income. The university plans to close the sale of Marquard Field to a group including Central Bank, Community Trust Bank, Republic Bank & Trust, Stock Yards Bank and Traditional Bank. The group has created a $3 million revolving fund to support affordable housing development throughout the city. Brien Lewis is President of Transylvania University. He says the downtown project would help residents stay in the city, and closer to their workplaces. “There's a lot of challenges to finding affordable housing,” Lewis said. “And it's not just the housing itself. If you have to be farther out, then you've got more transportation costs, and so on. So we see this as something that will certainly benefit the Transylvania community, but obviously, much more, the Lexington community.” Housing development groups include Habitat for Humanity, AU Associates, Urban League of Lexington and Winterwood. They’re being joined by Commerce Lexington, Lexington for Everyone and the Building Industry Association of Central Kentucky to create a development plan. Darryl Neher is the CEO of Lexington Habitat for Humanity. He says the development will help ease the rising cost of living for low-income families. “What we're experiencing here is not unlike what's happening across the country,” Neher said. “Post COVID, we've seen housing prices increase as much as 40 percent. Since the beginning of COVID, we're also seeing cost of construction increase, we're seeing interest rates increase, we're seeing rents increase. And so all of these pressures are putting our most vulnerable at risk.” Ground is expected to break on the project in the summer of 2025. The Transylvania Pioneers have been playing at Counter Clocks Field, home of Minor League Baseball’s Lexington Counter Clocks, since 2019. Click here to read the full story.
September 27, 2023
Yesterday was a huge event and milestone for AU Associates as we cut the ribbon on our largest affordable housing project ever and the largest in Lexington in over 20 years. I can't begin to thank our amazing team enough for the hard work to bring these 252 units of affordable housing to fruition. We've already moved in our first 60 families to a development with market rate amenities at affordable prices! View our press coverage at the following links: https://www.wtvq.com/more-affordable-housing-units-open-in-northern-lexington/ https://www.wkyt.com/2023/09/26/ribbon-cut-another-affordable-housing-complex-lexington/
January 26, 2023
AU Associates is proud to announce the opening of our NEW 24-unit affordable housing complex for seniors 55 and older located out on Polo Club Lane. This is a huge victory for affordable housing community and for seniors in the Lexington area! Click here to read the full story.
November 16, 2022
Pictured above: Digital rendering of the Loganwood Apartment complex. LOGAN - In addition to the annual Veterans Day Parade and Ceremony, the Logan community veterans will also be honored with the official groundbreaking of the new Loganwood housing complex on Friday. Following the events of Veterans days, the long-awaited groundbreaking ceremony of the Loganwood Apartments complex will be held at 2 p.m. The construction of Loganwood will provide 33 affordable, family apartments with a preference for income-eligible veterans in need of housing. The apartments will be available in one and two-bedroom options. The developer building the structure will be AU Associates, the same firm that built the Logan Landing Apartments on the east end of Stratton Street four years ago. Officials from the Logan Housing Corporation, the City of Logan, AU Associates, and the other funding partners will be on hand to celebrate Friday's groundbreaking. The groundbreaking will take place at 314 Hudgins Street, Logan, located just past the Logan Post Office. A complete report on Loganwood and the groundbreaking will be included Nov. 16th edition of The Logan Banner.
August 22, 2022
Mayor Linda Gorton and Councilmember Josh McCurn today joined developers and contractors to break ground on a new $43 million affordable housing project with 252 apartments.
August 22, 2022
Glade View Townhomes is the latest project by AU Associates for affordable housing in West Virginia and Kentucky. It features 33 units with one, two and three-bedroom options.
August 22, 2022
Lexington, Ky (WKYT) - City officials celebrated the grand opening of a new senior living community in Lexington Friday morning.
By au-admin August 10, 2020
August 10, 2020 | by Mario Anderson LEXINGTON, KY. — Monday was the first ribbon-cutting ceremony that the City of Lexington government leaders participated in since March 6. That date, was when the first COVID-19 case was reported in Kentucky. Monday morning, Lexington Mayor Linda Gorton and others gathered to announce details about the city’s latest […]
By au-admin August 10, 2020
August 10, 2020 | by Steve Rogers LEXINGTON, Ky. (WTVQ) – Lexington added 71 new senior-living apartments to its list of affordable housing Monday. Mayor Linda Gorton and Councilmember Josh McCurn cut the ribbon to officially open the apartments for independent senior citizens in Meadowthorpe Landing at 1447 Antique Drive. “Our city needs more affordable housing, […]
By au-admin March 11, 2020
LOGAN | March 11, 2020 | by David Vidovich — Updates on the veterans housing complex to be built in downtown Logan were given during the recent regular sessions of both the Logan County Housing Authority and the Logan Housing Corporation. Nicknamed Loganwood, the complex will be a living center tailored for veterans in need […]
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