Jan. 5, 2016

Fifth Federal Reserve District Office Chairs Elected, 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, 2016.

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

Laura Y. Clark, executive director of Renaissance West Community Initiative, Charlotte, North Carolina, was elected chair of the Bank’s Charlotte branch board. Clark has served as a director since 2014.

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, 2016:

Kenneth R. Banks, founder, president, and chief executive officer of Banks Contracting Company, Greenbelt, Maryland, was appointed by the Board of Governors to a three-year term on the Baltimore branch board.

Christopher J. Estes, president and chief executive officer of the National Housing Conference, Washington, D.C., was reappointed by the Richmond board of directors to a three-year term on the Baltimore branch board.  

Laura L. Gamble, regional president Greater Maryland of PNC Bank, Baltimore, was appointed by the Richmond board of directors to a three-year term on the Baltimore branch board.

Deborah Aguiar-Vélez, founder and president of Sistemas Corporation, Charlotte, North Carolina, was appointed by the Richmond board of directors to a three-year term on the Charlotte branch board.

Laura Y. Clark, executive director of the Renaissance West Community Initiative, Charlotte, North Carolina, was reappointed by the Board of Governors to a three-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 branch boards and thanks them for their dedicated service:

Anita G. Newcomb, president of A.G. Newcomb & Company, Columbia, Maryland, who served on the Baltimore branch board since 2010.

Stephen R. Sleigh, director of IAM National Pension Fund, Washington, D.C., who served on the Baltimore branch board since 2012.

Lucia Z. Griffith, chief executive officer and principal of METRO Landmarks, Charlotte, North Carolina, who served on the Charlotte branch board since 2010.

Mark L. Williamson, president and chief executive officer of High Point Bank and Trust, High Point, North Carolina, who served on the Charlotte branch board in 2015.

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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