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2010

 
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December 22, 2010

Directors Appointed for Richmond Fed Branch Offices

The Federal Reserve Board of Governors and the Federal Reserve Bank of Richmond Board of Directors appointed the following for three-year terms as directors for the Baltimore and Charlotte branch offices, effective Jan. 1, 2011:

Baltimore Board of Directors

  • William B. Grant, chairman, president and CEO of First United Corp. and First United Bank & Trust, of Oakland, Md., was reappointed by the Richmond Board of Directors.
  • Samuel L. Ross, CEO of Bon Secours Baltimore Health System, Baltimore, Md., was appointed by the Board of Governors.

Charlotte Board of Directors

  • Robert R. Hill, Jr., president and CEO of SCBT Financial Corp. and CEO of South Carolina Bank & Trust Co., Columbia, S.C., appointed by the Richmond Board of Directors.
  • Claude C. Lilly, dean of Clemson University's College of Business and Behavioral Science, in Clemson, S.C., was reappointed by the Board of Governors.

The boards of directors of the Richmond Fed's Baltimore and Charlotte branch offices each have seven members. A majority of each branch's directors are appointed by the board of directors of the Richmond Fed 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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Jim Strader
(804) 697-8956
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