Wednesday, June 3, 2009

Candace Hunter Wiest Honored
by Federal Reserve

Candace Hunter Wiest, President and CEO of West Valley National Bank, has been honored for her service to the Federal Reserve Bank at the 12th District Conference with Ben Bernanke, Chairman of the Federal Reserve in attendance. Wiest was presented with a silver platter symbolizing her impressive leadership as well as her place in history as the first woman elected to the 12th District. The only Arizona banker ever to serve on the Federal Reserve, Wiest has been an active leader within the powerful organization.

During her tenure on the Federal Reserve Bank of San Francisco, Wiest was first elected to a three-year term in 2003. She was subsequently re-elected for another three-year term in 2006. Wiest also served on the FRBSF Audit Committee, Performance Committee and Public Information Committee. “The 12th District is the largest bank in the Federal Reserve,” explained Wiest. “It serves 20 percent of the U.S. population. With such an impressive influence on the American banking system, it was essential to take each and every action with a thoughtful approach.”

Federal Reserve policy takes into consideration the short-term and long-term impact of the economy. “I believe the leadership of the Federal Reserve is strong and capable of guiding our nation through times of great economic change,” added Wiest.

Wiest leads the only privately held bank west of I-17. West Valley National Bank was formed in 2006 and has assets totaling $39,000,000. “The future of our nation is dependent upon local businesses that innovate, search for opportunity and at the same time negotiate through challenges,” says Wiest. “The West Valley is dynamic and fundamental to the success of our state, and I see businesses here moving towards a strong and sustainable future.”

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