John W. Marvin (Jake), chairman and CEO of The Marvin Companies, has been selected by the Federal Reserve Board of Governors to serve another term as chair of the Federal Reserve Bank of Minneapolis. Marvin's new term will expire Dec. 31, 2011.
The Minneapolis bank is one of 12 regional Federal Reserve Banks across the country. As chair, Marvin heads a nine-person board of directors overseeing the bank's operations. The Minneapolis bank serves the 9th Federal Reserve District, encompassing Minnesota, North Dakota, South Dakota, Montana and portions of northern Wisconsin and Michigan.
"I'm honored that the Board of Governors has again entrusted me with leading the Minneapolis bank," Marvin said. "It's a great responsibility, and I look forward to working with the bank's outstanding staff and my fellow directors to support the growth and health of businesses in our district."
The Marvin Companies, headquartered in Warroad, Minn., includes three window and door companies: Marvin Windows and Doors; Integrity Windows and Doors; and Infinity Replacement Windows.