Press Releases

2014

 
Hands shaking

January 7, 2014

Fifth Federal Reserve District Office Chairs, Directors Appointed

Richmond, Va.

The boards of directors of the Federal Reserve Bank of Richmond’s Baltimore and Charlotte offices have elected chairs to serve one-year terms beginning Jan. 1, 2014.

Jenny G. Morgan, president and chief executive officer of basys, inc., Linthicum, Md., was reelected chair of the Bank’s Baltimore office.  Morgan has served as a director since 2009.

Claude Z. Demby, chief executive officer of Noël Group, LLC, was elected chair of the Bank’s Charlotte office. Demby has served as a director since 2012.

The Board of Governors of the Federal Reserve System and the Federal Reserve Bank of Richmond board of directors have appointed directors to serve three-year terms beginning Jan. 1, 2014.

Samuel L. Ross, chief executive officer of Bon Secours Baltimore Health System, Baltimore, Md., was reappointed by the Board of Governors to a three-year term on the Baltimore office board.

Mary Ann Scully, chairman, president, and chief executive officer of Howard Bancorp, Ellicott City, Md., was appointed by the Richmond board of directors to a three-year term on the Baltimore office board.

Elizabeth A. Fleming, president of Converse College, Spartanburg, S.C., was reappointed by the Board of Governors to a three-year term on the Charlotte office board.

Robert R. Hill Jr., president and chief executive officer of SCBT Financial Corporation, Columbia, S.C., was reappointed by the Richmond board of directors to a three-year term on the Charlotte office board.

The Richmond Fed also acknowledges the following directors who are completing their service with the Bank’s Baltimore and Charlotte offices and thanks them for their dedicated service:

William B. Grant, chairman, president and CEO of First United Corp. and First United Bank & Trust, Oakland, Md., who served on the Baltimore office board since 2008.

David J. Zimmerman, president of Southern Shows, Inc., Charlotte, N.C., who served on the Charlotte office board since 2008.

The boards of directors of the Baltimore and Charlotte offices of the Federal Reserve Bank of Richmond each have seven members. A majority of each office’s directors are appointed by the board of directors of the Richmond Reserve Bank and the remainder by the Board of Governors of the Federal Reserve System.


The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. As part of the nation's central bank, we're one of 12 regional Reserve Banks that work together with the Federal Reserve's Board of Governors to strengthen the economy and our communities. We manage the nation's money supply to keep inflation low and help the economy grow. We also supervise and regulate financial institutions to help safeguard our nation's financial system and protect the integrity and efficiency of our payments system.

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