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Mardie Herndon Elected Director
Mardie Herndon, President & CEO of Paducah Bank, has been elected to the Board of The Federal Reserve Bank of St. Louis.
The St. Louis Fed board of directors is composed of three classes (A, B, and C) with three members in each class. Herndon was elected as a Class A member, representing member financial institutions in the St. Louis Fed’s Eighth District. The board provides oversight of Bank management and monitors the economic and credit conditions of their respective regions.
“It is an honor to be elected to such a distinguished board. I am thrilled that my tenure begins as we welcome our new St. Louis Federal Reserve President, Alberto Musalem. It is an interesting time in our industry and to serve in this capacity for the Eighth District is a privilege,” said Herndon.
Since relocating to Paducah in 2013, Herndon has been an active community leader, serving as member and past Chair of the Paducah Economic Development board, as a member of the Paducah Chamber Board, and on the Paducah Symphony Board. He has also served as Chairman of the Baptist Health - Paducah Foundation and is a member of the Paducah Rotary Club.
Herndon is a banking executive with 30 years of experience across various lines of business and multiple geographies. Prior to being named President of Paducah Bank in 2013, he was the Geographic Retail Line of Business Manager for SunTrust Banks, covering the mid-Atlantic Region and overseeing more than 425 bank branches and 2,300 employees across South Carolina, North Carolina, and Virginia. His previous roles include serving as president and CEO of SunTrust Bank - Middle Georgia, with other senior leadership positions in Savannah and Atlanta, GA. Before SunTrust, he worked with the former Wachovia Bank for over 10 years.
Herndon holds a bachelor's degree in finance from Georgia Southern University. He is a 2010 graduate of the Advanced Executive Leadership Program at Emory University’s Goizueta Business School and, more recently, completed the Leadership Kentucky program.