The Federal Reserve Bank of Dallas has announced appointments and reappointments of several prominent Texas bankers to its board of directors and branch boards. As Dallas Fed board and branch board members, they will provide input on regional economic conditions as part of the Federal Reserve’s monetary policy functions.
Victor R. Pierson, chair, president and CEO of Galveston-based Moody National Bank, has been elected to the Federal Reserve Bank of Dallas board of directors by its member banks. He will serve a three-year term ending December 31, 2027.
Pierson joined Moody National Bank, now one of the largest privately owned Texas-based banks, in 1985 as executive vice president and chief credit officer. He was appointed to his current position at the bank in 2002. Prior to joining Moody National Bank, he served as credit manager at First Wichita National Bank in Wichita Falls.
Pierson is chair of TIB–The Independent BankersBank NA and past chair of the Texas Bankers Association. He also serves as chair of the Galveston Wharves at Port of Galveston and trustee of the SW Graduate School of Banking Foundation at Southern Methodist University. In addition, Pierson serves on the Texas A&M University Mays Business School Commercial Banking Program advisory board, Texas Tech University Rawls Business School Commercial Banking Program board and Texas A&M University at Galveston Board of Visitors executive advisory board. He served as mayor of Jamaica Beach from 1999 to 2013. Pierson was appointed to the Environmental Protection Agency’s Gulf of Mexico Commission by President George W. Bush and appointed to the Coastal Coordination Council by Texas Governor Rick Perry.
Pierson earned his BBA degree in economics and an MBA degree from Midwestern State University.
James Hill, principal of Fort Worth-based James Hill Consulting, has been re-elected to the Federal Reserve Bank of Dallas board. He will serve a three-year term starting January 1, 2025. Hill was initially elected to the board in July to fill an unexpired term ending in December.
In addition to running his consulting firm, Hill is director of the Center for Real Estate at the Neeley School of Business at Texas Christian University, where he also serves as a professor in the finance department. He previously served as executive vice president and chief strategy officer for AccessBank Texas and as executive vice president at Texas Capital Bank.
Hill serves on the boards of the Tarrant Regional Water District, North Texas Commission and Fort Worth Club. He also is a member of the Fort Worth Country Day School building and grounds committee, Texas Wesleyan University president’s advisory council, Greater Fort Worth Real Estate Council founder’s council and Fort Worth Stock Show Syndicate.
Hill received a BBA degree in finance from the Honors Business Program at the University of Texas–Austin and an accelerated MBA degree from Texas Christian University.
Each Federal Reserve Bank has a nine-member board of directors. Three members represent commercial banks, three represent the public and three are appointed by the Federal Reserve Board of Governors in Washington, D.C.
The Federal Reserve Bank of Dallas has appointed Brad Beasley, managing partner for the accounting and consulting firm Beasley, Mitchell & Co., to the Dallas Fed’s El Paso branch board of directors. He will serve a three-year term ending December 31, 2027.
Beasley has spent nearly 20 years with the accounting firm, which has offices in El Paso; Las Cruces, New Mexico; Albuquerque, New Mexico; and Tucson, Arizona. He previously served as senior auditor for Harrah’s Entertainment and was part of the Dallas Fed’s Emerging Leaders Council in 2012. Beasley serves as a board member of Citizens Bank of Las Cruces. He earned a BS degree in accounting from the University of Nevada.
The El Paso Branch board consists of seven members, four appointed by the Dallas Fed and three appointed by the Federal Reserve Board of Governors in Washington, D.C.
