BOARDS OF DIRECTORS, ADVISORY GROUPS, AND OFFICERS

Federal Reserve of Richmond Board of Directors...... 33

Baltimore Office Board of Directors...... 34

Charlotte Office Board of Directors...... 35

Small Business and Agriculture Advisory Council...... 36

Community Development Advisory Council...... 37

Payments Advisory Council ...... 38

Management Committee and Officers...... 40

30 The Federal Reserve Bank of Richmond  2009 Annual Report BOARDS OF DIRECTORS, ADVISORY GROUPS, AND OFFICERS

Federal Reserve Bank of Richmond Small Business and Agriculture Board of Directors Advisory Council Our Richmond Board oversees the management of the Established in 1985, the Small Business and Agriculture Bank and its Fifth District offices, provides timely busi- Advisory Council advises the Bank president and other ness and economic information, participates in the for- senior officers on the impact that monetary, banking, mulation of national monetary and credit policies, and and fiscal policies have on the District’s small business serves as a link between the Federal Reserve System and agricultural sectors. The Council’s 12 members are and the private sector. The Board also has the respon- appointed by the Bank president. sibility of appointing the Bank’s president and first vice president, with approval from the Federal Reserve Community Development Board of Governors. Six directors are elected by Advisory Council in the Fifth District that are members of the Federal Created in 1998 to enhance communication Reserve System, and three are appointed by the Board between the Bank and the public concerning commu- of Governors. nity development issues, our Community Development The Bank’s board of directors annually appoints our Advisory Council advises the Bank president and other District representative to the Federal Advisory Council, senior officers on community development concerns which consists of one member from each of the 12 and related policy matters. The Council’s eight mem- Federal Reserve Districts. The Council meets four times bers are appointed by the Bank president. a year with the Board of Governors to consult on business conditions and issues related to the banking Payments Advisory Council industry. The Bank established a Payments Advisory Council in 1978 as a forum for Fifth District financial institutions Baltimore and Charlotte Offices to discuss current and emerging payment trends and Boards of Directors issues and to help the Federal Reserve respond to Our Baltimore and Charlotte Offices have separate financial institutions’needs for payments services. boards that oversee operations at their respective loca- Council members are appointed by the Bank’s first tions and, like our Richmond Board, contribute to poli- vice president. cymaking and provide timely business and economic information about the District. Four directors on each of Listings as of December 31, 2009 these boards are appointed by the Richmond directors, and three are appointed by the Board of Governors.

31 THANK YOU

Our Bank’s culture of integrity starts with our boards of directors. We are grateful for their guidance and their oversight of the Bank’s operations. They provide valuable information on the Fifth District’s economy at our board meetings and throughout the year at outreach activities and Bank sponsored events. We especially want to thank our directors who have completed their service on our boards—Dwight V. Neese and Kenneth R. Sparks from the Richmond Board; Michael L. Middleton from the Baltimore Board; and Michael C. Miller from the Charlotte Board.

We are pleased that in 2010 Lemuel E. Lewis will continue as chairman of the Richmond board of directors and Margaret E. McDermid will continue as deputy chairman. We also welcome our new directors for 2010: Wilbur E. Johnson and Richard J. Morgan on the Richmond Board; Anita G. Newcomb on the Baltimore Board; and Lucia Z. Griffith on the Charlotte Board. Our directors’contributions in the years ahead will be vital to the continued economic recovery of our nation.

32 BOARD OF DIRECTORS FEDERAL RESERVE BANK OF RICHMOND

CHAIRMAN Lemuel E. Lewis President LocalWeather.com Suffolk,

DEPUTY CHAIRMAN Margaret E. McDermid Senior Vice President and Chief Information Officer Dominion Resources, Inc. Richmond, Virginia

Dana S. Boole President and Chief Executive Officer Community Affordable Housing Equity Corp. Raleigh,

Robert H. Gilliam, Jr. President and Chief Executive Officer First National Bank Altavista, Virginia

Patrick C. Graney, III President Petroleum Products, Inc. Belle, West Virginia

Kelly S. King Chief Executive Officer BB&T Corporation Winston-Salem, North Carolina

Kenneth R. Sparks Dwight V. Neese President and Director, President, Chief Executive Officer and Chief Executive Officer Ken Sparks Associates LLC Provident Community Bank White Stone, Virginia and Provident Community Bancshares, Inc. FEDERAL ADVISORY Rock Hill, South Carolina COUNCIL REPRESENTATIVE Kenneth D. Lewis Linda D. Rabbitt President and Chairman and Chief Executive Officer Chief Executive Officer Bank of America Corp. Rand Construction Charlotte, North Carolina Corporation Alexandria, Virginia

The Federal Reserve Bank of Richmond  2009 Annual Report 33 BOARD OF DIRECTORS BALTIMORE BRANCH

CHAIRMAN James T. Brady Jenny G. Morgan William R. Roberts Managing Director, President President - Verizon Mid-Atlantic basys, inc. Maryland/D.C. Ballantrae International, Ltd. Linthicum, Maryland Verizon Maryland Inc. Ijamsville, Maryland Baltimore, Maryland William B. Grant Biana J. Arentz President and President and Chief Executive Officer Chief Executive Officer First United Corp. and Hemingway’s Inc. First United Bank & Trust Stevensville, Maryland Oakland, Maryland

Ronald Blackwell Michael L. Middleton Chief Economist Chairman and President AFL-CIO Community Bank of Washington, D.C. Tri-County Waldorf, Maryland

34 The Federal Reserve Bank of Richmond  2009 Annual Report BOARD OF DIRECTORS CHARLOTTE BRANCH

CHAIRMAN Michael C. Miller James H. Speed, Jr. Claude C. Lilly President and President and Dean Chief Executive Officer Chief Executive Officer College of Business and FNB United Corp. and North Carolina Mutual Life Behavioral Science CommunityONE Bank, N.A. Company Clemson University Asheboro, North Carolina Durham, North Carolina Clemson, South Carolina Barry L. Slider David J. Zimmerman Linda L. Dolny President and President President Chief Executive Officer Southern Shows, Inc. PML Associates, Inc. First South Bancorp, Inc. Charlotte, North Carolina Greenwood, South Carolina and First South Bank Spartanburg, South Carolina John S. Kreighbaum President and Chief Executive Officer Carolina Premier Bank Charlotte, North Carolina

35 SMALL BUSINESS AND AGRICULTURE ADVISORY COUNCIL

Standing left to right: CHAIRMAN F. Guy Darby, Jr. R. Bryant; B. Lang; Jane Tabb Owner/President W. Ditman; C. Nyholm; and D. Arnold Secretary F. Guy Darby & Son Farm Lyle C. Tabb & Sons, Inc. Darby Oil Inc. Seated left to right: Kearneysville, West Virginia Chester, South Carolina J. Tabb; R. Warren; and S. Cowart David Arnold William W. Ditman President Chairman Emeritus Class VI River Runners, Inc. Willow Construction, LLC Lansing, West Virginia Easton, Maryland

Ronnie L. Bryant Barbara B. Lang President and President and Chief Executive Officer Chief Executive Officer Charlotte Regional DC Chamber of Commerce Partnership Washington, D.C. Charlotte, North Carolina Connie G. Nyholm Martha Anne Clark Co-Owner/Managing Partner Owner VIRginia International Clark’s Elioak Farm Raceway Ellicott City, Maryland Alton, Virginia

S. Lake Cowart, Jr. R. Gerald Warren Vice President President Cowart Seafood Corp. Warren Farming Co., Inc. Lottsburg, Virginia Warren Swine Farms Newton Grove, North Carolina

36 COMMUNITY DEVELOPMENT ADVISORY COUNCIL

CHAIRMAN T. K. Somanath Standing left to right: Jane N. Henderson President and D. Swinton; S. Berenbach; J. Henderson; President Chief Executive Officer T. K. Somanath; and M. Scruggs Virginia Community Better Housing Coalition Capital, Inc. Richmond, Virginia Seated left to right: Christiansburg, Virginia T. Hoy and C. Snuggs Michael Stegman Shari Berenbach Director President and Policy & Housing Chief Executive Officer The John D. and Calvert Social Investment Catherine T. MacArthur Foundation Foundation Bethesda, Maryland Chicago, Illinois

Tammie Hoy David H. Swinton Executive Director President Lowcountry Housing Trust Benedict College North Charleston, Columbia, South Carolina South Carolina

Marlo Scruggs Vice President, Community Development Specialist BB&T Charleston, West Virginia

Clarence J. Snuggs Deputy Secretary Maryland Department of Housing and Community Development Crownsville, Maryland

The Federal Reserve Bank of Richmond  2009 Annual Report 37 PAYMENTS ADVISORY COUNCIL

Standing left to right: CHAIRMAN Jeff W. Dick Kenneth L. Greear D. Cook; T. Wilson; J. Russ; J. King; Martin W. Patterson President and Executive Vice President S. Lilly; and R. Rhoads Senior Vice President Chief Executive Officer United Bank SunTrust Banks MainStreet Bank Charleston, West Virginia Richmond, Virginia Herndon, Virginia Seated left to right: John J. King G. Felton; M. Patterson; and Linda J. Adams Tim Dillow President G. Youngblood Treasury Management Senior Vice President MACHA - The Mid-Atlantic ACH Product Director Branch Banking and Trust Payments Association Capital One Wilson, North Carolina Hanover, Maryland Glen Allen, Virginia Debra E. Droppleman Marie B. LaQuerre Tanya A. Butts Chief Financial Officer Senior Vice President Executive Vice President and Fairmont Federal Bank of America Chief Operations Officer Credit Union Charlotte, North Carolina The South Financial Group Fairmont, West Virginia Lexington, South Carolina E. Stephen Lilly Gerry Felton Senior Vice President and R. Lee Clark Director Chief Operating Officer Executive Vice President RBC Centura Bank First Community TowneBank Rocky Mount, North Carolina Bancshares, Inc. Suffolk, Virginia Bluefield, Virginia Robert J. Gerth Daniel O. Cook, Jr. Group Vice President Joan Lovern Executive Vice President and M&T Bank Vice President Chief Operating Officer Baltimore, Maryland Virginia Bank & Trust Co. Arthur State Bank Danville, Virginia Union, South Carolina Tina Giorgio Senior Vice President Sandy Spring Bank Columbia, Maryland

38 The Federal Reserve Bank of Richmond  2009 Annual Report Rita B. Mielke Kenneth L. Richey Thomas Wilson Standing left to right: Vice President and Director Senior Vice President and J. Dick; J. Lovern; T. Dillow; R. Gerth; Chief Operating Officer Synovus Financial Chief Financial Officer G. Sink; and D. Willis The Centreville National Bank Corporation Industrial Bank of Washington of Maryland Columbia, South Carolina Washington, D.C. Seated left to right: Centreville, Maryland John Russ Gayle Youngblood L. Clark; T. Giorgio; and K. Greear Patricia Muldoon President and Senior Operations Manager Senior Vice President and Chief Executive Officer State Employees Credit Union Chief Operating Officer Community FirstBank of Linthicum, Maryland Citizens National Bank of Charleston Berkeley Springs Charleston, South Carolina Berkeley Springs, West Virginia D. Gerald Sink Senior Vice President Stephen B. Perry NewBridge Bank Senior Operations Officer and Lexington, North Carolina Cashier Virginia National Bank Karla Strosnider Charlottesville, Virginia Senior Vice President Centra Bank, Inc. Ralph Reardon Morgantown, West Virginia Senior Vice President and Chief Financial Officer William Swords Coastal Federal Credit Union Senior Vice President Raleigh, North Carolina Wachovia Corporation Atlanta, Georgia Rick Rhoads Senior Vice President David Willis State Employees’ Vice President Credit Union Navy Federal Credit Union Raleigh, North Carolina Vienna, Virginia

39