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Dallas Fed Appoints Paul Foster to El Paso Branch Board

For immediate release: February 25, 2013

DALLAS—The Federal Reserve Bank of Dallas has appointed Paul L. Foster to its El Paso Branch board of directors for a three-year term ending Dec. 31, 2016.

Foster is founder, executive chairman and director of Western Refining Inc., a Fortune 500 oil refining and marketing company based in El Paso. He also is chairman of Northern Tier Energy Inc. and chairman and director of WNR Logistics.

As a board member, Foster provides input into regional economic conditions as part of the Federal Reserve’s monetary policy functions.

Foster is chairman of the University of Texas System Board of Regents and serves on the board of directors of WestStar Bank in El Paso and is a member of the World Presidents Organization, Borderplex Regional Economic Alliance Steering Committee, Texas Economic Development Council and Texas Business Leadership Council.

A member of the Texas Business Hall of Fame, Foster also has several endowments in his name, including the Paul L. Foster School of Medicine at Texas Tech University Health Science Center in El Paso and Paul L. Foster Campus for Business and Innovation at Baylor University.

Foster earned a bachelor’s degree in accounting from Baylor University and became a certified public accountant.

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


Media contact:
James Hoard
Federal Reserve Bank of Dallas
Phone: 214-922-5307