Citizens National Bank
News Releases
Posted on 10 Feb 2009
The Federal Reserve Bank of Cleveland announces the appointment of Donald E. Bloomer to its Cincinnati Branch Board of Directors.
Donald E. Bloomer is President and Chief Executive Officer of Citizens National Bank. 
He has been with Citizens for over 32 years and was named President & CEO in January 2008. Don is a graduate of Eubank High School, Somerset Community College where he received an Associates Degree in Management, and Eastern Kentucky University where he received a BBA in Finance. He is also a graduate of the Kentucky School of Banking, School of Banking of the South, and the School of Banking Administration. He is the current President of the Somerset/Pulaski County Economic Development Foundation, Board Member of the Boy Scouts of America Bluegrass Council, and Chairman of the Pulaski County Industrial Development Authority. Don lives in Somerset with his wife, Rhonda and they have two sons, Macy and Elliot. He is a member of the Southside Church of Christ.
The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., comprise the Federal Reserve System. As the nation's central bank, the Federal Reserve System formulates U.S. monetary policy, supervises banks and bank holding companies, and provides payment services to financial institutions and to the U.S. government. Payment services include check clearing, electronic payments, and the distribution of currency and coin.
Each Reserve Bank's main office has a nine-member board of directors. Three directors represent the interests of banking in each District and are elected by banks that are members of the Federal Reserve System. The other six directors represent the general public, which includes business, agriculture, labor and consumers. Of these, three are elected by member banks and three are appointed by the Federal Reserve's Board of Governors in Washington, D.C.
Directors' responsibilities include making recommendations to the Board of Governors regarding the Federal Reserve's discount rate on primary credit; providing information about regional business conditions to their Reserve Bank president; selecting the Reserve Bank's president and chief operating officer; and overseeing the Bank's budget and finances. Each Reserve Bank branch has a five- or seven-member board of directors that oversees branch operations and provides input regarding local business conditions. For a complete list of the members of the boards of directors of the Federal Reserve Bank of Cleveland and its branches, see the Board of Directors page on the website.
The Federal Reserve Bank of Cleveland, with branches in Cincinnati and Pittsburgh, serves the Fourth Federal Reserve District, which includes Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.
