In a White House news release President Obama said, “Allan Landon has the proven experience, judgment and deep knowledge of the financial system to serve at the Federal Reserve during this important time for our economy. He brings decades of leadership and expertise from various roles, particularly as a community banker. I’m confident that he will serve our country well.”
Landon is a partner in Community BanCapital and served as Bank of Hawaiʻi CEO and chairman from 2004 until 2010.
“It’s a terrific honor for Al to be nominated to the Federal Reserve’s Board of Governors. He is an outstanding leader and possesses a keen intellect and understanding of the community banking system. During his tenure at Bank of Hawai’i, Al navigated the organization deftly through the financial crisis. He should make an outstanding addition to the Federal Reserve Board of Governors,” said Peter Ho, chairman and CEO of Bank of Hawai’i Corporation.
From 2005 through 2009 he served on the University of Hawaiʻi Board of Regents and was board chair from 2007 to 2009. After retiring in 2010, he served as a lecturer at the UH Mānoa William S. Richardson School of Law.
“Al served as chair of the University of Hawaiʻi’s Board of Regents, overseeing improved access for students, increased research productivity and greater community outreach. Brilliant, collaborative and inclusive by nature, Al’s leadership style, financial acumen and community banking experience makes him a truly excellent choice to serve on the Federal Reserve’s Board of Governors,” said David McClain, University of Hawaiʻi president emeritus and Shidler College of Business professor.