Board of Directors

Jerry Ocheltree

Director of the Federal Reserve Bank of Richmond since 2016

Jerry L. Ocheltree is president and CEO of the Carolina Trust Bank in Lincolnton, North Carolina. The small community bank has nine branches and $335 million in assets.

Ocheltree began his banking career in 1985 as a national bank examiner with the U.S. Treasury Department’s Office of the Comptroller of the Currency. From 1988 through 2005, he held several senior management positions with banks throughout the nation’s southeast region. In 2005, Ocheltree became president, CEO and director of First Bank and First Bancorp, which had $3.5 billion in assets when he retired in 2013.

Ocheltree served on the board of directors of the North Carolina Bankers Association and was board chairman in 2013. He also served on the boards of many nonprofit organizations that assisted the communities in which he lived and worked.

He earned a bachelor’s degree in business administration with a focus in finance and business law from Marshall University, and a graduate degree in banking from the University of Colorado.

Contact Us

Jim Strader
(804) 697-8956
(804) 332-0207 (mobile)

Laura Fortunato
(804) 697-8196
(804) 698-0927 (mobile)