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Richmond Fed building

Jan. 10, 2020

Richmond Fed Directors Announced

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

Wayne A. I. Frederick, president of Howard University in Washington, D.C., was elected as a Class B director. He has been a director on the Baltimore board.

William A. Loving Jr., president and chief executive officer of Pendleton Community Bank in Franklin, West Virginia, was re-elected as a Class A director.

James Sills, president and chief executive officer of Mechanics and Farmers Bank in Durham, North Carolina, was elected as a Class A director.

 

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, 2020:

Jodie McLean, chief executive officer of EDENS in Washington, D.C., was appointed by the Board of Governors as a Class C director.

Lou Kennedy, president, chief executive officer and owner of Nephron Pharmaceuticals in West Columbia, South Carolina, was appointed by the Board of Governors to the Charlotte board.

Bernie Mazyck, president and chief executive officer of South Carolina Association for Community Economic Development, in Charleston, South Carolina, was appointed by the Board of Governors to the Charlotte board.

Michael Crapps, president and chief executive officer of First Community Bank in Lexington, South Carolina, was reappointed by the Richmond Board of Directors to the Charlotte board. 

Sepi Saidi, president and chief executive officer of SEPI Engineering and Construction in Raleigh, North Carolina, was appointed by the Richmond Board of Directors to the Charlotte board. 

Dick Willey, president of Perdue AgriBusiness LLC for Perdue Farms Inc. in Salisbury, Maryland, was appointed by the Richmond Board of Directors to the Baltimore board.

 

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 2020.  

Kathy J. Warden, chief executive officer and president of Northrop Grumman Corporation in Falls Church, Virginia, was reappointed as chair.

Eugene A. Woods, president and chief executive officer of Atrium Health in Charlotte, North Carolina, was appointed as deputy chair. 

 

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

Angel Cabrera, president of Georgia Institute of Technology in Atlanta.

Laura Y. Clark, president and chief executive officer of United Way of Central Carolinas in Charlotte, North Carolina.

Margaret Lewis, retired president of HCA Capital Division in Richmond, Virginia.

Mary Ann Scully, chairman, president and chief executive officer of Howard Bancorp in Ellicott City, Maryland.

Susan K. Still, president and chief executive officer of HomeTown Bankshares Corporation and HomeTown Bank in Roanoke, Virginia. 

 


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, 2020.


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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