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Jan. 6, 2015

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 branches have elected chairs to serve one-year terms beginning Jan. 1, 2015.

Samuel L. Ross, chief executive officer of Bon Secours Baltimore Health System, Baltimore, Maryland, was elected chair of the Bank’s Baltimore branch. Ross has served as a director since 2011.

Elizabeth A. Fleming, president of Converse College, Spartanburg, South Carolina, was elected chair of the Bank’s Charlotte branch. Fleming has served as a director since 2013.

The Board of Governors of the Federal Reserve System and the Federal Reserve Bank of Richmond board of directors have appointed the following directors as of Jan. 1, 2015.

Susan J. Ganz, chief executive officer of Lion Brothers Company, Inc., Owings Mills, Maryland, was appointed by the Board of Governors to a three-year term on the Baltimore branch board.

Austin J. Slater Jr., president and chief executive officer of Southern Maryland Electric Cooperative, Inc., Hughesville, Maryland, was appointed by the Richmond board of directors to a three-year term on the Baltimore branch board.

Michael C. Crapps, president and chief executive officer of First Community Bank, Lexington, South Carolina, was appointed by the Richmond board of directors to a two-year term on the Charlotte branch board.

Claude Z. Demby, vice president of business development for Cree, Inc., Durham, North Carolina, was reappointed by the Board of Governors to a three-year term on the Charlotte branch board.

Paul E. Szurek, chief financial officer of Biltmore Farms, LLC, Asheville, North Carolina, was reappointed by the Richmond board of directors to a three-year term on the Charlotte branch board.

Mark L. Williamson, president and chief executive officer of High Point Bank and Trust, High Point, North Carolina, was appointed by the Richmond board of directors to a one-year term on the Charlotte branch 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:

Richard Bernstein, president and chief executive officer of LWRC International, LLC, Cambridge, Maryland, who served on the Baltimore branch board since 2013.

Jenny G. Morgan, president and chief executive officer of basys, inc., Linthicum, Maryland, who served on the Baltimore branch board since 2009 and as its chair since 2012.

Robert R. Hill Jr., chief executive officer of South State Corporation and South State Bank, Columbia, South Carolina, who served on the Charlotte branch board since 2011. Hill was elected by member banks in the Fifth Federal Reserve District to serve a three-year term on the Federal Reserve Bank of Richmond board of directors beginning Jan. 1, 2015.
 
John S. Kreighbaum, former president and chief executive officer of Carolina Premier Bank and Premara Financial, Inc., Charlotte, North Carolina, who served on the Charlotte branch board since 2009.

The boards of directors of the Baltimore and Charlotte branches of the Federal Reserve Bank of Richmond each have seven members. A majority of each branch’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.


As part of our nation’s central bank, the Richmond Fed is one of 12 regional Reserve Banks working together with the Board of Governors to support a healthy economy and deliver on our mission to foster economic stability and strength. We connect with community and business leaders across the Fifth Federal Reserve District — including the Carolinas, District of Columbia, Maryland, Virginia, and most of West Virginia — to monitor economic conditions, address issues facing our communities, and share this information with monetary and financial policymakers. We also work with banks to ensure they are operating safely and soundly, supply financial institutions with currency that’s fit for distribution, and provide a safe and efficient way to transfer funds through our nation’s payments system.

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