Directors, Board Chairmen Selected for Richmond Fed Branch Offices

Dec 22, 2010, 16:08 ET from Federal Reserve Bank of Richmond

RICHMOND, Va., Dec. 22, 2010 /PRNewswire-USNewswire/ -- The Federal Reserve Board of Governors and the Federal Reserve Bank of Richmond Board of Directors appointed the following for three-year terms as directors for the Baltimore and Charlotte branch offices, effective Jan. 1, 2011:

Baltimore Board of Directors

William B. Grant, chairman, president and CEO of First United Corp. and First United Bank & Trust, of Oakland, Md., was reappointed by the Richmond Board of Directors.

Samuel L. Ross, CEO of Bon Secours Baltimore Health System, Baltimore, Md., was appointed by the Board of Governors.

Charlotte Board of Directors

Robert R. Hill, Jr., president and CEO of SCBT Financial Corp. and CEO of South Carolina Bank & Trust Co., Columbia, S.C., appointed by the Richmond Board of Directors.

Claude C. Lilly, dean of Clemson University's College of Business and Behavioral Science, in Clemson, S.C., was reappointed by the Board of Governors.

In addition, the boards of directors of the Federal Reserve Bank of Richmond's Baltimore and Charlotte branch offices elected the following to serve one-year terms as chairmen, effective Jan. 1, 2011:

Ron Blackwell, chief economist, AFL-CIO in Washington, D.C., was elected chairman of the Bank's Baltimore branch office board. Blackwell has served as a director since 2007

Claude C. Lilly, dean of Clemson University's College of Business and Behavioral Science, in Clemson, S.C., was re-elected to a fourth term as chairman of the Bank's Charlotte branch office board.  Lilly has been a director since 2007.

The boards of directors of the Richmond Fed's Baltimore and Charlotte branch offices each have seven members. A majority of each branch's directors are appointed by the board of directors of the Richmond Fed and the remainder by the Board of Governors of the Federal Reserve System. The chairmen of the Baltimore and Charlotte boards are selected for one-year terms from among those directors appointed by the Board of Governors.

SOURCE Federal Reserve Bank of Richmond



RELATED LINKS

http://www.richmondfed.org