(SAN FRANCISCO) — Alfred A. Plamann, president and chief executive officer, Unified Grocers, was selected as vice chair of the Federal Reserve Bank of San Francisco’s Economic Advisory Council (EAC). Plamann became a member of the EAC in January 2009.
Mary F. Kaiser, president of California Community Reinvestment Corporation, was elected chair of the Economic Advisory Council. The announcement of the EAC’s new officers and EAC members was made by the Federal Reserve Bank of San Francisco on June 14, 2010.
Economic Advisory Council members provide information on current and pending developments in the regional and national economies. The Federal Reserve Bank of San Francisco provides wholesale banking services to financial institutions throughout nine western U.S. states. As the nation’s central bank, the Federal Reserve System formulates monetary policy, serves as a bank regulator, administers consumer protection laws, and is fiscal agent for the U.S. government.
Unified Grocers is a retailer-owned wholesale grocery distributor that supplies independent retailers throughout the western United States. Unified and its subsidiaries, which generated approximately $4.1 billion in sales during fiscal 2009, offer independent retailers all the resources they need to compete in the supermarket industry.
This press release contains forward-looking statements with respect to benefits expected to be derived from the proposed acquisition. There are a variety of factors which could cause actual results to differ materially from those anticipated by the statements above. These factors are outlined in Unified's Form 10-Q and other interim reports filed with the Securities and Exchange Commission. Furthermore, Unified undertakes no obligation to update, amend or clarify forward-looking statements whether as a result of new information, future events, or otherwise.