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Richmond Fed building

Jan. 9, 2019

Richmond Fed Directors Announced

State member banks of the Federal Reserve Bank of Richmond have elected the following directors:

Susan K. Still, president and chief executive officer of HomeTown Bankshares Corporation and HomeTown Bank in Roanoke, Virginia, was re-elected as a Class A director. She has been a director since 2016.

Catherine A. Meloy, president and chief executive officer of Goodwill of Greater Washington and the Goodwill Excel Center in Washington, D.C., was re-elected as a Class B director. She has been a director since 2016.

The Board of Governors of the Federal Reserve System and the Federal Reserve Bank of Richmond Board of Directors have made the following appointments, effective January 1, 2019:

Eugene A. Woods, president and chief executive officer of Atrium Health, headquartered in Charlotte, North Carolina, was appointed by the Board of Governors to the Richmond board.

Tom Geddes, chief executive officer of Plank Industries in Baltimore, Maryland, was appointed by the Richmond Board of Directors to the Baltimore board.

Kenneth R. Banks, president and chief executive officer of Banks Contracting Company in Greenbelt, Maryland, was reappointed by the Board of Governors to the Baltimore board. He has been a director since 2016.

Laura Y. Clark, president and chief executive officer of the United Way of Central Carolinas in Charlotte, North Carolina, was reappointed by the Board of Governors to the Charlotte board. She has been a director since 2014.

Laura Gamble, greater Maryland regional president for PNC in Baltimore, Maryland, was reappointed by the Richmond Board of Directors to the Baltimore board. She has been a director since 2016.

Michael D. Garcia, pulp and paper division president of Domtar Corporation in Fort Mill, South Carolina, was reappointed by the Richmond Board of Directors to the Charlotte board. He has been a director since 2017.

Jerry L. Ocheltree, president and chief executive officer of Carolina Trust Bank in Lincolnton, North Carolina, was reappointed by the Richmond Board of Directors to the Charlotte board. He has been a director since 2016.

The Board of Governors of the Federal Reserve System has appointed the chair and deputy chair of the Board of Directors of the Federal Reserve Bank of Richmond for 2019.

Kathy J. Warden, chief executive officer and president of Northrop Grumman Corporation in Falls Church, Virginia, was appointed as chair. She has served as a Class C director since 2015.

Margaret G. Lewis, retired president of HCA Capital Division in Richmond, Virginia, was appointed as deputy chair. She has served as a Class C director since 2013.

The Richmond Fed acknowledges and thanks the following directors who are completing their service:

Christopher J. Estes, vice president for business development and advocacy of Rebuilding Together of Washington, D.C.

Michelle A. Mapp, chief executive officer of the South Carolina Community Loan Fund in Charleston, South Carolina.

Laura C. Meagher, vice president, general counsel and secretary of VF Corporation in Greensboro, North Carolina.

Joe Slater, president and chief executive officer of the Southern Maryland Electric Cooperative in Hughesville, Maryland.


Richmond Fed Directors Appoint Federal Advisory Council Member

Directors of the Federal Reserve Bank of Richmond have appointed Brian T. Moynihan, president and chairman of the board of Bank of America, to serve a one-year term as the Fifth District representative on the Federal Advisory Council effective January 1, 2019.


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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