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For immediate release: January 31, 2011

Paul Hobby and Jorge Bermudez to Lead Dallas Fed’s Houston Branch Board

DALLAS—The board of directors of the Federal Reserve Bank of Dallas' Houston Branch has elected Paul Hobby of Houston as chairman and Jorge A. Bermudez of College Station as chairman pro tem for 2011.

Hobby is chairman and CEO of Alpheus Communications. He is also founding partner of Genesis Park, a Houston-based private equity firm.

Bermudez is president and CEO of the Byebrook Group, which conducts research and advisory work in the financial services industry.

The Houston Branch board consists of seven members, four appointed by the Dallas Fed board and three by the Federal Reserve System Board of Governors in Washington, D.C.

Hobby and Bermudez were both appointed to the Houston Branch board in 2009 by the Federal Reserve System Board of Governors.


Media contact:
James Hoard
Phone: (214) 922-5307