Los Angeles, California — The Federal Reserve Bank of San Francisco appointed Steven W. Streit, founder and CEO of Green Dot Corporation, to its Los Angeles Branch board of directors for a three-year term, effective January 1, 2017. He is replacing David I. Rainer, Chairman and CEO, California United Bank, Encino, CA, whose term has expired.
Steven W. Streit
Mr. Streit is the founder and CEO of Green Dot Corporation, and has served as its CEO for over 17 years. Since its founding in 1999, Mr. Streit has led Green Dot to become one of the nation’s largest providers of reloadable prepaid debit cards. Mr. Streit has been recognized for numerous industry awards, including the EY Entrepreneur of the Year 2005 Southern California Award, and the EY Entrepreneur of the Year 2011 National Financial Services Award. He focuses his philanthropic efforts on low income single moms and their children through his family charity, Patti’s Way, a 501(c)(3) charitable foundation.
The balance of the Los Angeles Branch Board of Directors includes:
James A. Hughes, former Director and CEO, First Solar, Inc., Tempe, AZ
Peggy Tsiang Cherng, Co-Chair of the Board and Co-CEO, Panda Restaurant Group, Inc., Rosemead, CA
Luis Faura, president and CEO, C&F Foods, Inc., City of Industry, CA
Robert H. Gleason, president and CEO, Evans Hotels, San Diego, CA
Ilyanne Morden Kichaven, executive director, Los Angeles, SAG-AFTRA, Los Angeles, CA
Anita Pramoda, CEO, Owned Outcomes, Las Vegas, NV
The Federal Reserve Bank of San Francisco (SF Fed) works to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the U.S. central bank, the SF Fed serves the Twelfth Federal Reserve District, which covers the nine western states—Alaska, Arizona, California, Hawai’i, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. By pursuing our two key goals of maximum employment and price stability—known as the Fed’s dual mandate—we work toward supporting an economy that works for everyone.