The Federal Reserve Bank of Richmond announces the following officer appointment:
Christopher J. Palumbo has been appointed to the position of assistant vice president in the Bank's Supervision, Regulation and Credit department. The appointment is effective July 29.
Palumbo joins the Richmond Fed from JP Morgan Chase, where he has worked in consumer and community banking, as well as fraud prevention. Prior to working for Chase, Palumbo worked for Live Well Financial and Capital One and served in the U.S. Marine Corps.
Palumbo is a graduate of Villanova University in Villanova, Pa., and received an MBA from Pepperdine University in Malibu, Calif.
The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. As part of the nation's central bank, we're one of 12 regional Reserve Banks that work together with the Federal Reserve's Board of Governors to strengthen the economy and our communities. We manage the nation's money supply to keep inflation low and help the economy grow. We also supervise and regulate financial institutions to help safeguard our nation's financial system and protect the integrity and efficiency of our payments system.