Dallas Fed announces executive promotions

For Immediate Release: December 17, 2020

DALLAS—The Federal Reserve Bank of Dallas has announced the following staff changes:

Marvin Dagg has been promoted to assistant vice president in the Banking Supervision Department and will assume responsibility for the supervision of a community bank portfolio and all foreign banks operating in the Eleventh Federal Reserve District. Dagg joined the St. Louis Fed in 1999 as an assistant bank examiner. He left his role as a senior bank examiner in 2014 to join the Houston Branch of the Dallas Fed as director of examinations.

Dagg holds a bachelor’s degree in business administration from Southeast Missouri State University.

Abe Davoody has been promoted to assistant vice president in the Banking Supervision Department and will assume responsibility for the supervision of a community bank portfolio. Previously, Davoody served as director of examinations in the Banking Supervision Department. Prior to joining the Dallas Fed, he worked at the Denver Branch of the Kansas City Fed as a safety and soundness examiner, enforcement examiner and then went on to manage the Applications & Enforcement Department at the Kansas City Fed.

Davoody holds a bachelor’s degree in business administration from Colorado State University and a master’s degree in business administration from the University of Dallas. He is also a graduate of the Graduate School of Banking at Colorado.

Dex Beyene has been named assistant vice president and chief sustainability officer. Most recently, Beyene served as assistant vice president in charge of the Bank’s sustainability efforts since 2018. He joined the Dallas Fed in 1999 and has served in a variety of positions in the Financial Management Department leading to being named financial management officer in 2013. Previously, he worked for the Louisville Branch of the Federal Reserve Bank of St. Louis and for Bank of America.

Beyene has been involved in many non-profit and civic initiatives including serving as co-chair of the DFW Community COVID-19 Health Task Force.

He holds a bachelor’s degree in business administration from Berea College in Kentucky and is a graduate of the Dallas Fed’s Career Development Program.

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Media contact:
Preston Ash
Federal Reserve Bank of Dallas
Phone: (214) 922-5303
Email: preston.ash@dal.frb.org