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Obama to nominate former Bank of Hawaii CEO to Federal Reserve Board
Obama to nominate former Bank of Hawaii CEO to Federal Reserve Board

President Obama said Tuesday that he would nominate the former head of one of Hawaii's largest banks to serve on the Federal Reserve Board of Governors, following criticism from some lawmakers about the lack of community banking experience among the central bank's leaders. Obama tapped into his home state to select Allan R. Landon, who was chief executive of the Bank of Hawaii from 2004 to 2010. The bank is the second largest in Hawaii and 94th nationally with $14 billion in assets, according to the latest rankings from USBankLocations.com, an industry directory. Before becoming CEO, Landon worked in various positions at the bank. He also was chief financial officer at...

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