Michelle W. Bowman took office as the Vice Chair for Supervision of the Board of Governors of the Federal Reserve System on June 9, 2025, for a four-year term. Ms. Bowman has served as a member of the Board of Governors of the Federal Reserve System since taking office on November 26, 2018, to fill an unexpired term ending January 31, 2020. She was reappointed to the Board on January 23, 2020, and sworn in on January 30, 2020, for a term ending January 31, 2034.

Prior to her appointment to the Board, Ms. Bowman served as the state bank commissioner of Kansas from January 2017 to November 2018. She also served as vice president of Farmers & Drovers Bank in Kansas from 2010 to 2017.

In addition to her experience in the banking industry, Ms. Bowman worked in Washington, D.C. for Senator Bob Dole of Kansas from 1995 to 1996 and served as a counsel to the U.S. House Committee on Transportation and Infrastructure and the Committee on Government Reform and Oversight between 1997 and 2002. In 2002, Ms. Bowman became director of congressional and intergovernmental affairs at the Federal Emergency Management Agency. From 2003 to 2004, she served as Deputy Assistant Secretary and policy advisor to Homeland Security Secretary Tom Ridge.

Following her time in Washington, D.C., Ms. Bowman led a government and public affairs consultancy based in London before returning to Kansas in 2010.

Ms. Bowman received a BS in advertising and journalism from the University of Kansas and a JD from the Washburn University School of Law. She is a member of the New York Bar.

Ms. Bowman is married with two children.

Darrel Hackett serves as Chief Executive Officer of BMO Financial Corp. and President and Chief Executive Officer of BMO Bank N.A.; a top 10 U.S. bank by assets. As U.S. CEO, Darrel also serves as an Executive Committee member of BMO Financial Group and is Chair of the U.S. Management Committee. He is responsible for leadership and performance across all of BMO’s U.S. operations.

Darrel has held a variety of leadership roles since joining BMO in 2004. In his most recent role, Darrel served as President, BMO Wealth Management U.S. He also served as Senior Vice President & Head of North American Integrated Channels, where he led the development and execution of BMO’s multichannel distribution strategy. Other key roles include Senior Vice President & Head, U.S. Business Banking; Regional President, Chicago Metro; and Head, Acquisition, and Integration Group.

Before joining BMO, Darrel was a management consultant at McKinsey & Company. He also held a variety of roles at the General Electric Company, where he began his professional career.

Darrel serves on the Board of Directors for the Art Institute of Chicago, Rush University Medical Center, Kids First Chicago, United Way of Metro Chicago, The Clearing House and Glatfelter Corporation. He is a member of the Federal Advisory Council, Executives’ Club of Chicago, Civic Committee of the Commercial Club of Chicago, the Trustees’ Committee of the Chicago Community Trust, the Executive Leadership Council, and the Economic Club of Chicago.

Darrel has a Master of Business Administration (MBA) from Stanford University’s Graduate School of Business and a Bachelor of Science (Cum Laude) in Mechanical Engineering from the University of Tennessee, Knoxville.

A renowned business innovator, dedicated civic leader and actively-involved philanthropist, Rick J. Caruso is the founder and Executive Chairman of Caruso®, one of the largest and most admired privately held real estate companies in the United States. 

Under Caruso’s leadership, the company has achieved a compounded annual growth rate of nearly 20% since its inception. Its world-class portfolio continues to expand and includes the most internationally renowned and award-winning retail, residential, mixed-use properties and his newest addition, a Forbes 5 Star resort hotel destination, Rosewood Miramar Beach in Montecito, California. As cited by Green Street Advisors, Caruso properties consistently outperform traditional shopping destinations based on productivity and sales per square foot, with results three times higher than the industry average. Its flagship property, The Grove was ranked #2 on Fortune’s list of the 10 highest sales- generating shopping centers in the country. 

Caruso started his career as a real-estate lawyer in the corporate finance department of one of the nation’s largest law firms. Thereafter, he transitioned from law to pursue his lifelong passion for development, establishing Caruso Affiliated Holdings in 1987. Ignoring the traditional “shopping mall” approach to retail, he adopted a fresh, new strategy for development and revolutionized the industry with imaginative retail and mixed-use destinations that serve as timeless and beloved centers of town. 

At the heart of Caruso’s award-winning development approach is a deep respect and understanding of civic responsibility and a fierce loyalty to surrounding communities— the result of decades of hands-on experience in public service. Early in his career, he served as the youngest Commissioner in the city’s history when Mayor Tom Bradley appointed him Commissioner for the L.A. Department of Water and Power. In that role, he brought a 25-year-old lawsuit to resolution that provided more clean water to Los Angeles while protecting the environment. Following this success, Caruso was selected as President of the L.A. Police Commission where he led the effort to overhaul the Los Angeles Police Department and recruited William Bratton as Chief of Police. Together, they reduced the city’s crime rate to the lowest levels in 50 years. 

Caruso’s deeply held personal philosophy and commitment to giving back have further solidified his reputation as a compassionate member of the community. In 1991, he and his wife Tina, founded the Caruso Family Foundation, dedicated to supporting 
organizations that improve the lives of at-risk children in need of healthcare and education. Among the many nonprofit organizations that he supports, Caruso is actively involved with Operation Progress, Para Los Niños, St. Lawrence of Brindisi School and Verbum Dei High School, all focused on the historically underserved area of Watts, Los Angeles. 

In 2019, Caruso announced a $50 million commitment to the Pepperdine School of Law, which has been renamed the Rick J. Caruso School of Law in recognition of the historic gift. The contribution, made through the Caruso Family Foundation, will expand educational access to exceptional, historically underserved student populations—a hallmark of the Caruso family’s philanthropic efforts in the Los Angeles area and beyond—as well as fuel several initiatives to strengthen the School of Law’s academic programming. 

Caruso, a long-serving member of the USC community, also endowed the USC Caruso Department of Otolaryngology at the Keck School of Medicine and the USC Catholic Center, which provides spiritual connection for faculty and students of all faiths. He earned a Bachelor of Science degree with honors from the University of Southern California Marshall School of Business and a Juris Doctorate as a Margaret Martin Block Scholar from Pepperdine School of Law. 

Caruso, who was named a “retail mastermind” by The Wall Street Journal, has received numerous awards and distinctions for both his professional and philanthropic work, including "Developer of the Year" and “2016 L.A. Icon” by the Los Angeles Business Journal. Additionally, he was honored with the "True Blue" award from the Los Angeles Police Foundation, recognizing him as a leader dedicated to positive change through philanthropic, business and civic leadership. He was also honored by Pope Francis with the rank of Commander in the Order of St. Gregory the Great for his service and generosity to so many in need. In 2017, Caruso was presented the Asa V. Call Award, the most distinguished alumni honor at USC. Recently, he was named by Town and Country magazine as one of the top 50 philanthropists in the nation. 

In 2018, Caruso was asked to serve as Chair of the University Southern California’s (USC’s) Board of Trustees. As Chair, he oversaw transformational reforms to the university’s culture and the Board’s governance model to ensure accountability and oversight. He has worked tirelessly to restore trust and to build a world-class leadership team, including hiring the first female president in the university’s history and playing a key role in the overhaul of the university’s athletics program. 

Caruso served as the Chair of the Board of Loyola High School, and is on the Boards for St. John’s Hospital, and the Ronald Regan Presidential Library Foundation. In April of 2020, at the height of the COVID-19 pandemic, Caruso became part of both a federal and state level task force, providing expertise on reopening the economy safely.

In the aftermath of the devastating wildfires in Los Angeles in early 2025, he and Tina gave a $5 million lead gift to raise $20 million for critical resources for Los Angeles Fire Department. This $20 million goal was met in 6 days. Following this, Caruso founded and launched Steadfast LA, a civic nonprofit organization dedicated to accelerating the rebuilding of Los Angeles.

Jared M. Wolff is the Chairman, Chief Executive Officer and President of Banc of California, Inc. (NYSE: BANC). He also serves as Chairman and Chief Executive Officer of its wholly owned banking subsidiary, Banc of California. Banc of California is the third-largest bank headquartered in California, with over $34 billion in assets and 1,900 team members in offices across 10 states.

Mr. Wolff is a veteran California banking executive with deep expertise in finance, law and risk management. He joined Banc of California in March 2019 from City National Bank, a Los Angeles-based regional bank and wholly owned subsidiary of Royal Bank of Canada, where he was Executive Vice President and General Counsel, and served on the bank’s executive committee. Prior to City National, Mr. Wolff was President and a member of the Board of Directors of Pacific Western Bank, a leading California-based commercial bank and wholly owned subsidiary of PacWest Bancorp. Mr. Wolff joined PacWest from the law firm Sullivan & Cromwell LLP.

Mr. Wolff is a member of several professional and nonprofit organizations. He is a member of the WSJ CEO Council, the CEO Council of Los Angeles, the Economic Club of New York, the Board of Directors of the Mid-Size Bank Coalition of America, the FTV Capital Strategic Advisory Board and the Young Presidents’ Organization. Mr. Wolff is also a member of Steadfast LA’s coalition of civic and business leaders dedicated to accelerating the rebuilding of Los Angeles after the devastating January 2025 wildfires.

Mr. Wolff received his bachelor’s degree from Duke University, his master’s degree in French language and literature from Middlebury College, and his law degree from the University of Michigan.

Kevin Gould is the president and CEO of the California Bankers Association (CBA). In his role, he is responsible for executing the association’s mission and vision. Kevin works closely with CBA’s executive committee and board of directors to develop and implement strategic plans to serve our members and the banking industry.

Joining the CBA in 2004, Gould is involved in all aspects of the association’s operations, including advocacy, professional development, finance, external communications, and human resources. He has more than 25 years of public policy experience, 19 years of which have been dedicated to advocating for the CBA.

Before being named president and CEO, Kevin led the association’s state and federal government relations department. He continues to serve as one of CBA’s three registered lobbyists and remains engaged in the association’s advocacy efforts.

Gould is a member of the 2009 graduating class of the Pacific Coast Banking School and is the 2016 recipient of the Almon McCallum Award for distinguished and meritorious service to the California banking industry.

Paul Worthing serves as the Regional Director in the San Francisco Region of the Federal Deposit Insurance Corporation (FDIC), where he oversees the Risk Management Supervision and Consumer Protection Divisions.  He has been with the FDIC over 35 years and is responsible for the supervision and oversight of financial institutions in 11 Western States and the territories of Guam and the Federated States of Micronesia.  

Prior to serving as Regional Director, Paul served as Deputy Regional Director for six years (2017-2023) where he was responsible for overseeing the risk management examination and supervision functions in the San Francisco Region.  From 2010 to 2017, Paul served as Assistant Regional Director (ARD) responsible for supervising financial institutions in the states of Alaska, Oregon, and Washington.  Prior to his appointment as ARD, Paul was a Senior Case Manager, Case Manager, and Examination Specialist in the San Francisco Regional Office.  He served as a field examiner in both the Dallas and San Francisco Regions from 1990 to 2000.  

Paul graduated from the University of Nebraska-Kearney, Kearney, Nebraska in 1990 with a Bachelor of Science degree: majoring in accounting and finance and a minor in economics.  He is also a graduate of the Graduate School of Banking at the University of Wisconsin, Madison, Wisconsin (2002).

Karen Boehler is the Deputy Comptroller for the West and Midwest Regions of the Office of the Comptroller of the Currency (OCC).

In this role, Ms. Boehler is responsible for the supervision of over 300 institutions located in 22 states with assets totaling $297 billion. She is based in Denver, Colorado, and supervises a staff of nearly 350 people, who operate out of 24 office locations. She took on these duties in January 2021.

Prior to becoming the Deputy Comptroller, Ms. Boehler served as the Associate Deputy Comptroller for the Western District. She served the OCC in a variety of bank supervision and leadership roles throughout her 38-year OCC career. Ms. Boehler earned her National Bank Examiner commission in 1989 and the Federal Thrift Regulator certification in 2013.

Ms. Boehler is a graduate of the University of Colorado in Boulder.

Mongkha Pavlick serves as Executive Vice President in the Supervision + Credit Group at the Federal Reserve Bank of San Francisco. In this capacity, she oversees bank supervision and regulation for bank holding companies, state member banks, and foreign banking organizations throughout the Twelfth Federal Reserve District, as well as the provision of liquidity to the payment system by extending credit through the Federal Reserve’s discount window. She is also a member of the Bank’s executive leadership team.

Mongkha joined the San Francisco Fed in 2001 as an intern, where she, shortly thereafter, began her career as an associate examiner. She earned her safety and soundness commission and deepened her experiences by serving as an examining manager during the financial crisis. From 2014–2018, she served as Director of the San Francisco Fed’s supervisory program for community banking organizations. She then became Group Vice President overseeing the Fintech, Country Analysis, and Outreach team, Credit Risk Management (Discount Window) team, and Supervision + Credit’s business and operational support functions until 2022.

Before her current role, Mongkha returned to her community banking roots serving as Senior Vice President, Community and Regional Institution Supervision overseeing consumer compliance supervision, formations + transactions, enforcement, and community and regional institutions.

Mongkha graduated summa cum laude from the University of Southern California, with a Bachelor of Science degree in business administration and a minor in East Asian languages and cultures.

Stan Ivie is Executive Vice President and the Head of Government and Regulatory Affairs for Banc of California and its holding company, Banc of California, Inc. He leads the bank’s regulatory strategy and serves as a liaison to legislative and regulatory agencies. Mr. Ivie also oversees the bank’s Community Reinvestment Act and environmental, social and governance programs. In addition, he is the Chairman of the Banc of California Foundation and guides its charitable giving program. He is a member of the bank’s Executive Leadership Group.

Before joining Banc of California in November 2023, Mr. Ivie had been Executive Vice President and Chief Risk Officer of Pacific Western Bank and PacWest Bancorp since March 2016. In that role, he oversaw the bank’s risk management strategy, as well as the policies and practices that assess and mitigate financial, operational and strategic risks. Previously, Mr. Ivie held various leadership positions with the Federal Deposit Insurance Corporation (FDIC), including Regional Director for the FDIC’s San Francisco and Dallas regions, and Deputy Director for the Division of Resolutions and Receiverships. Earlier in his career, he served as interim Director of the Office of Public Affairs in Washington, D.C., and as a professional staff member for the Financial Services Committee of the U.S. House of Representatives under a fellowship program.

Mr. Ivie is an active leader in the banking industry. He is the immediate past Chairman on the Executive Committee for the California Bankers Association and is a member of the Board of Directors for the Pacific Bankers Management Institute at Pacific Coast Banking School.

Mr. Ivie earned his bachelor’s degree in business administration and management from Southern Oregon University.

Paul Benda is the Executive Vice President for Risk, Fraud and Cybersecurity at the American Bankers Association. Paul joined the ABA in 2018, where he leads the association’s initiatives in fraud, cybersecurity, physical security, and information security practices and chairs the ABA Fraud Coordination Group. In addition, he acts as a media spokesman for the ABA and the banking industry on these issues.  He currently serves as the Chair of the International Banking Federation Scams and Fraud Taskforce and is the immediate past Vice Chair of the Financial Services Sector Coordinating Council which is the primary point of contact for the Departments of Treasury and Homeland Security on cybersecurity and resiliency issues facing the Financial Sector. 

His past experiences include leadership positions in the Department of Homeland Security where he was head of research and development and in the Department of Defense where he was a DARPA Program Manager and designed security systems for the Pentagon. Paul started his career as an Active Duty U.S. Air Force officer and transitioned to the private sector where he worked as a consultant for Booz Allen before returning to government service.

Jason Lane is senior vice president, director of government relations for the California Bankers Association and leads the advocacy efforts for CBA, which involves analyzing legislation and regulatory activity, and the development of policy positions. Lane is one of four lobbyists at CBA, and he also lobbies on behalf of the association on issues related to the state budget, privacy, bank operations and consumer lending legislation. 

Before joining CBA in May 2006, Jason Lane served as director of government affairs for Providian Financial and managed the bank’s financial privacy compliance program, as well as tracked and analyzed the impact of federal legislation and rulemaking for the company.

Chris Shultz joined the California Bankers Association in December of 2024. As vice president of government relations, he lobbies on a wide range of issues impacting the banking industry.

Chris has expertise in financial regulation, insurance, consumer financial protection law, cannabis regulation, affordable housing, and California’s rulemaking process. Before joining CBA, Chris served as chief deputy director at three state departments, including the Department of Financial Protection and Innovation. He also served at California’s housing finance, consumer protection, and insurance departments. Earlier in his career, he was a contract lobbyist in Oregon, advocated for a technology trade association in California, and was a chief of staff and legislative director in the state capitol.

Vanessa Lugo serves as senior legislative advocate for the California Bankers Association (CBA). Her advocacy portfolio includes housing, economic development, labor and employment, trust and estate, public contracts, and corporate governance.

Before joining CBA, Vanessa worked for the California State Legislature, representing the most competitive district in the state and the Majority Leader of the California State Assembly. During her tenure in the legislature, her portfolio included agriculture, government and organization, banking and finance, economic development, insurance, and other issues.

Most recently she spent 12 years in government relations, working for Check Into Cash and Equifax. Vanessa graduated from CSU Sacramento with a degree in English and a minor in Political Science.

Dr. Seifried is Professor Emeritus of Economics and Business at Lafayette College in Easton, Pennsylvania. He also serves as the Executive Consultant for the Sheshunoff CEO Affiliation Programs, and as the Chief Economist of the SWGSB Foundation.

Dr. Seifried is the dean of the Virginia and West Virginia Banking Schools and currently is on the faculty of the Southwest Graduate School of Banking. In addition, he has served on the faculty of numerous graduate banking schools over his career.

He frequently appears as a guest speaker at regional and national conferences and has delivered over 3500 economic presentations to various groups both in the United States and abroad. Dr. Seifried is the author of the book “The Art of Strategic Planning for Community Banks.” In addition to his academic and consulting experience, Dr. Seifried has served as a director of a community bank.

B.J. Martino is President and CEO of The Tarrance Group, one of the most respected political research and strategy firms in the country. In his two decades with the firm, he has helped develop and direct strategic research programs for national, state, and local political and issue campaigns.

Martino has conducted successful research for over thirty statewide campaigns, dozens of congressional campaigns, as well as projects for the Republican National Committee, the National Republican Congressional Committee, and other independent organizations.

As one of several trained focus group moderators at The Tarrance Group, Martino has also conducted extensive qualitative focus group research on a variety of topics around the country. In addition, Martino has conducted research into modeling nationwide Republican performance at the county and precinct level, bringing market analysis methodology to political campaigns.

Martino and Tarrance Partner Brian Tringali received the “Republican Strategist of the Year Award” for 2012, from the American Association of Political Consultants.

Martino was named Republican Pollster of the Year in 2021 by the American Association of Political Consultants for his work as a pollster on the Youngkin for Governor campaign in Virginia.

Martino earned his Bachelors Degree in Economics (with honors) with a Political Science minor from Case Western Reserve University in Cleveland, Ohio. He earned his Masters Degree in political management from The George Washington University, Valedictorian of his graduating class. He has served as an adjunct professor of polling at GWU.

Martino is an Eagle Scout, and is active in his church. He, his wife, and children live in Alexandria, Virginia.

Kevin is a seasoned C-Suite and Board Advisor and a Trusted Advisor to some of the leading companies on a global scale. He currently serves as a Principal at CLA within their Financial Services Industry Group (FSG).

As a global top Business Risk team, CLA Consulting is uniquely positioned to support clients with high value add initiatives to Financial Services, and beyond. These include Management Consulting, Business Process driven Strategy & Enablement, Packaged Content, and Augmented Services. Kevins main responsibilities are to oversee end-to-end client engagements surrounding Risk Advisory services which deliver capabilities to market and catalyst the firm into emerging global segments and markets.

Travis has been with CLA since 2015 in the financial services group.

Travis serves 100% of his time helping community banks and equipment finance companies with their unique business challenges. He focuses on financial statement audits, risk management consulting, including internal audit and credit risk support, and digital consulting to provide solutions through analytics, automation, and software.