DOCSLIB.ORG

Boards of Directors and Advisory Groups, 2007 Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Boards of Directors and Advisory Groups, 2007 Annual Report AR2007_pages_331:Layout 1 4/16/08 8:49 AM Page 38 Federal Reserve Bank of Richmond Small Business and Agriculture Advisory Council Board of Directors Established in 1985, the Small Business and Our Richmond Board oversees the management Agriculture Advisory Council advises the Bank of the Bank and its Fifth District offices, provides president and other senior officers on the impact timely business and economic information, partici- that monetary, banking, and fiscal policies have pates in the formulation of national monetary and on the District’s small business and agricultural credit policies, and serves as a link between the sectors. The Council’s 12 members are appointed Federal Reserve System and the private sector. by the Bank president. The Board also has the responsibility of appointing the Bank’s president and first vice president, with Community Development Advisory Council approval from the Federal Reserve Board of Created in 1998 to enhance communication Governors. Six directors are elected by banks in between the Bank and the public concerning the Fifth District that are members of the Federal community development issues, our Community Reserve System, and three are appointed by the Development Advisory Council advises the Bank Board of Governors. president and other senior officers on community The Bank’s board of directors annually appoints development concerns and related policy matters. our District representative to the Federal Advisory The Council’s eight members are appointed by Council, which consists of one member from the Bank president. each of the 12 Federal Reserve Districts. The Council meets four times a year with the Board Operations Advisory Committee of Governors to consult on business conditions The Operations Advisory Committee was estab- and issues related to the banking industry. lished by the Bank in 1978 to serve as a forum for communication with financial institutions about Baltimore and Charlotte Office the Federal Reserve’s financial services and to help Boards of Directors the Bank respond to the changing needs of our Our Baltimore and Charlotte Offices have separate banking constituency. Committee members are boards that oversee operations at their respective appointed by the Bank’s first vice president. locations and, like our Richmond Board, contribute Listings as of December 31, 2007 to policymaking and provide timely business and economic information about the District. Four directors on each of these boards are appointed by the Richmond directors, and three are appointed by the Board of Governors. AR2007_pages_331:Layout 1 4/16/08 8:49 AM Page 39 Federal Reserve Bank of Richmond Board of Directors Lemuel E. Lewis; Thomas J. Mackell, Jr.; Harry M. Lightsey,III; Hunter R. Hollar; Margaret E. McDermid; Kenneth R. Sparks; Kathleen Walsh Carr; Dana S. Boole; and Dwight V. Neese Chairman Kathleen Walsh Carr Margaret E. McDermid Kenneth R. Sparks Thomas J. Mackell, Jr. President Senior Vice President and Chief President and Chief Executive Officer Warrenton, Virginia Cardinal Bank Washington Information Officer Ken Sparks Associates LLC Washington, D.C. Dominion Resources, Inc. White Stone, Virginia Deputy Chairman Richmond, Virginia Lemuel E. Lewis Hunter R. Hollar Director President and Chief Executive Officer Dwight V. Neese Landmark Communications, Inc. Sandy Spring Bancorp Director, President, and Chief Norfolk, Virginia Sandy Spring Bank Executive Officer Olney, Maryland Provident Community Bank Dana S. Boole and Provident Community President and Chief Executive Officer Harry M. Lightsey, III Bancshares, Inc. Federal Advisory Council Community Affordable Housing Senior Vice President– Rock Hill, South Carolina Representative Equity Corp. Southern Region G. Kennedy Thompson Raleigh, North Carolina Legislative and External Affairs President and Chief Executive Officer AT&T Wachovia Corporation Columbia, South Carolina Charlotte, North Carolina 2007 Annual Report • Page 39 AR2007_pages_331:Layout 1 4/16/08 8:49 AM Page 40 Baltimore Office Board of Directors William R. Roberts; Donald P. Hutchinson; Cynthia Collins Allner; Ronald Blackwell; Biana J. Arentz; Michael L. Middleton; and James T. Brady Chairman Ronald Blackwell Donald P. Hutchinson William R. Roberts Cynthia Collins Allner Chief Economist President and Chief Executive Officer President–Verizon Maryland/D.C. Principal AFL-CIO SunTrust Bank, Maryland Verizon Maryland Inc. Miles & Stockbridge P.C. Washington, D.C. Baltimore, Maryland Baltimore, Maryland Baltimore, Maryland James T. Brady Michael L. Middleton Biana J. Arentz Managing Director–Mid-Atlantic Chairman and President President and Chief Executive Officer Ballantrae International Ltd. Community Bank of Tri-County Hemingway’s Inc. Ijamsville, Maryland Waldorf, Maryland Stevensville, Maryland AR2007_pages_331:Layout 1 4/16/08 8:50 AM Page 41 Charlotte Office Board of Directors Donald K. Truslow; Linda L. Dolny; Claude C. Lilly; Jim Lowry; James H. Speed, Jr.; Michael C. Miller; and Barry L. Slider Chairman Claude C. Lilly Barry L. Slider Donald K. Truslow Jim Lowry Dean President and Chief Executive Officer Chief Risk Officer Automotive Consultant College of Business and First South Bancorp, Inc. Wachovia Corporation High Point, North Carolina Behavio ral Science First South Bank Charlotte, North Carolina Clemson University Spartanburg, South Carolina Linda L. Dolny Clemson, South Carolina President James H. Speed, Jr. PML Associates, Inc. Michael C. Miller President and Chief Executive Officer Greenwood, South Carolina Chairman and President North Carolina Mutual Life FNB United Corp. and Insurance Company CommunityONE Bank, N.A. Durham, North Carolina Asheboro, North Carolina 2007 Annual Report • Page 41 AR2007_pages_331:Layout 1 4/16/08 8:50 AM Page 42 Small Business and Agriculture Advisory Council F. Guy Darby, Jr.; Martha Anne Clark; William W. Ditman; Jane Tabb; S. M. Bowling; R. Gerald Warren; James B. Gates, Jr.; Barbara B. Lang; and David A. Leonard Chairman Martha Anne Clark James B. Gates, Jr. Jane Tabb S. M. Bowling Owner Senior Partner Secretary President Clark’s Elioak Farm The Ridge Animal Hospital Lyle C. Tabb & Sons, Inc. Dougherty Company, Inc. Ellicott City, Maryland Farmville, Virginia Kearneysville, West Virginia Charleston, West Virginia F. Guy Darby, Jr. Barbara B. Lang R. Gerald Warren Ronnie L. Bryant Owner/President President and Chief Executive Officer President President and Chief Executive Officer F. Guy Darby & Son Farm DC Chamber of Commerce Warren Farming Co., Inc. Charlotte Regional Partnership Darby Oil Inc. Washington, D.C. Warren Swine Farms Charlotte, North Carolina Chester, South Carolina Newton Grove, North Carolina David A. Leonard William W. Ditman President Chairman Emeritus Leonard Companies, Ltd. Willow Construction, LLC Lebanon, Virginia Easton, Maryland AR2007_pages_331:Layout 1 4/16/08 8:50 AM Page 43 Community Development Advisory Council Peter J. Ponne; Jane N. Henderson; T. K. Somanath; Phyllis R. Caldwell; Eric Stein; Bernie Mazyck; Sharon Walden; and Michael Stegman Chairman Bernie Mazyck T. K. Somanath David H. Swinton Jane N. Henderson President and Chief Executive Officer Executive Director President President South Carolina Association of Better Housing Coalition Benedict College Virginia Community Capital Community Development Richmond, Virginia Columbia, South Carolina Christiansburg, Virginia Corporations (SCACDC) Charleston, South Carolina Michael Stegman Sharon Walden Phyllis R. Caldwell Director of Policy Executive Director President, Community Development Peter J. Ponne The John D. and Catherine T. Stop Abusive Family Environments Banking Senior Vice President and Manager MacArthur Foundation (S.A.F.E.) Bank of America SunTrust CDC, Mid-Atlantic Region Chicago, Illinois Welch, West Virginia Washington, D.C. SunTrust Bank Baltimore, Maryland Eric Stein President Center for Community Self-Help Durham, North Carolina 2007 Annual Report • Page 43 AR2007_pages_331:Layout 1 4/16/08 8:51 AM Page 44 Operations Advisory Committee Daniel O. Cook, Jr.; Melissa Quirk; Stephen B. Perry; D. Gerald Sink; Jack H. Goldstein; Paul A. Slaby; Patricia Muldoon; Martin W. Patterson; and R. Lee Clark Chairman Daniel O. Cook, Jr. Jack H. Goldstein Gerald McQuaid Martin W. Patterson Executive Vice President and Chief President and Chief Executive Officer Senior Vice President Senior Vice President Operating Officer NBRS Financial Division Executive, Bank Operations Enterprise Check Services Arthur State Bank Rising Sun, Maryland Chevy Chase Bank, FSB SunTrust Banks, Inc. Union, South Carolina Laurel, Maryland Richmond, Virginia Kenneth L. Greear Tim Dillow Executive Vice President Kent B. Miller Tanya A. Butts Senior Vice President United Bank Vice President Executive Vice President and Chief Branch Banking & Trust Company Charleston, West Virginia Operations and Service Delivery Operating Officer Wilson, North Carolina RBC Centura Bank The South Financial Group E. Stephen Lilly Rocky Mount, North Carolina Lexington, South Carolina Debra E. Droppleman Senior Vice President and Chief Chief Financial Officer Operating Officer Patricia Muldoon Cynthia B. Cervenka Fairmont Federal Credit Union First Community Bancshares, Inc. Senior Vice President and Chief President and Chief Executive Officer Fairmont, West Virginia Bluefield, Virginia Operating Officer Damascus Community Bank Citizens National Bank Damascus, Maryland John G. Feldman, Jr. Joan Lovern of Berkeley Springs Senior Vice President Vice President Berkeley Springs,
Load more

Recommended publications
  • 2011 Annual Report, Boards of Directors and Advisory Councils
    THE FEDERAL RESERVE BANK OF RICHMOND | 2011 ANNUAL REPORT BOARDS OF DIRECTORS, ADVISORY COUNCILS, AND OFFICERS 32 Federal Reserve Bank of Richmond Community Depository Institutions Board of Directors Advisory Council The Bank’s board of directors oversees the management Created in 2011, the Bank’s Community Depository of the Bank and its FifthD istrict offices, provides timely Institutions Advisory Council advises the Bank’s man- business and economic information, participates in the agement and the Board of Governors on the economy, formulation of national monetary and credit policies, lending conditions, and other issues from the perspec- and serves as a link between the Federal Reserve System tive of banks, thrifts, and credit unions with total and the private sector. The board also appoints the assets under $10 billion. The council’s members are Bank’s president and first vice president, with approval appointed by the Bank’s president. from the Federal Reserve Board of Governors. Six directors are elected by banks in the Fifth District that Community Investment Council are members of the Federal Reserve System, and three Established in 2011, the Community Investment are appointed by the Board of Governors. Council advises the Bank’s management about emerg- ing issues and trends in communities across the Fifth The Bank’s board of directors annually appoints the Fifth District, including low- and moderate-income neigh- District’s representative to the Federal Advisory Council, borhoods in urban and rural areas. The council’s which consists of one member from each of the 12 members are appointed by the Bank’s president.
    [Show full text]
  • TD Bank Agrees to Acquire the South Financial Group
    TD Bank Agrees to Acquire The South Financial Group May 17, 2010 CautionCaution regardingregarding forward-lookingforward-looking statementsstatements From time to time, the Bank makes written and oral forward-looking statements, including in this presentation, in other filings with Canadian regulators or the U.S. Securities and Exchange Commission (SEC), and in other communications. In addition, representatives of the Bank may make forward-looking statements orally to analysts, investors, the media and others. All such statements are made pursuant to the “safe harbour” provisions of applicable Canadian and U.S. securities laws, including the U.S. Private Securities Litigation Reform Act of 1995.Forward-looking statements include, among others, statements regarding the Bank’s objectives and priorities for 2010 and beyond and strategies to achieve them, and the Bank’s anticipated financial performance. Forward-looking statements are typically identified by words such as “will”, “should”, “believe”, “expect”, “anticipate”, “intend”, “estimate”, “plan”, “may” and “could”. By their very nature, these statements require the Bank to make assumptions and are subject to inherent risks and uncertainties, general and specific. Especially in light of the uncertainty related to the current financial, economic and regulatory environments, such risks and uncertainties – many of which are beyond the Bank’s control and the effects of which can be difficult to predict – may cause actual results to differ materially from the expectations expressed in the forward-looking statements. Risk factors that could cause such differences include: credit, market (including equity, commodity, foreign exchange and interest rate), liquidity, operational, reputational, insurance, strategic, regulatory, legal and other risks, all of which are discussed in the Management’s Discussion and Analysis (MD&A) in the Bank’s 2009 Annual Report.
    [Show full text]
  • Newbridge Bancorp Direct Stock Purchase Plan
    Prospectus NewBridge Bancorp Direct Stock Purchase Plan 3,000,000 shares of NewBridge Bancorp common stock, par value $5.00 per share This prospectus describes the NewBridge Bancorp (“NewBridge”) Direct Stock Purchase Plan (the “Plan”). The Plan promotes long-term ownership in NewBridge by offering: • a simple, cost-effective method for you to purchase, sell or transfer shares of NewBridge common stock; • a way to increase your holdings of NewBridge common stock by reinvesting your cash dividends; and • the opportunity to purchase additional shares by making optional cash investments; You do not have to be a current shareholder of NewBridge to participate in the Plan. Participants may own and transfer shares without holding certificates. The Plan will become effective on November 23, 2007 and will replace the former LSB Bancshares, Inc. Direct Stock Purchase Plan. Participants in the former LSB Bancshares, Inc. Direct Stock Purchase Plan will automatically become participants in the Plan. The Plan may purchase NewBridge common stock directly from NewBridge or on the open market, as periodically determined by NewBridge. NewBridge common stock is quoted on the Nasdaq Global Select Market under the symbol “NBBC.” INVESTING IN OUR STOCK INVOLVES RISKS. PLEASE CAREFULLY CONSIDER THE “RISK FACTORS” BEGINNING ON PAGE 2 OF THIS PROSPECTUS AND THE INFORMATION BELOW “WHAT ARE THE DISADVANTAGES OR RISKS OF THE PLAN?” ON PAGE 5. THIS PROSPECTUS IS NOT AN OFFER TO SELL SECURITIES AND IT IS NOT SOLICITING AN OFFER TO BUY SECURITIES IN ANY STATE OR COUNTRY WHERE THE OFFER OR SALE IS NOT PERMITTED. THE SHARES OFFERED ARE OUR EQUITY SECURITIES AND ARE NOT SAVINGS ACCOUNTS, DEPOSITS OR OTHER OBLIGATIONS OF ANY BANK SUBSIDIARY OF OURS AND ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION, THE DEPOSIT INSURANCE FUND OR ANY OTHER GOVERNMENTAL AGENCY.
    [Show full text]
  • Practical Considerations for Community Banks – Enterprise Risk Managment
    PRSRT_STDPRSRT_STD 2/13/01 2/13/01 8:52 8:52 AM AM Pag Pag YearYearYearYear ofof ofof TransitionTransition TransitionTransition Regulatory Regulatory RegulatoryRegulatory ExpectationsExpectations ExpectationsExpectations e e ee GreatGreat GreatGreat BankBank BankBank RobberyRobbery RobberyRobbery CAROLINA BANKER SPRING 2016 BANKER CAROLINA SPRING 2016 BANKER CAROLINA SPRING 2016 BANKER CAROLINA SPRING 2016 BANKER CAROLINA WhatWhatWhatWhat would would wouldwould REGULATORYREGULATORYREGULATORYREGULATORY RELIEFRELIEFRELIEFRELIEF meanmeanmeanmean for for forfor North North NorthNorth Carolina’s Carolina’s Carolina’sCarolina’s hometowns?hometowns?hometowns?hometowns? ItIt It Itmeansmeans meansmeans creatingcreating creatingcreating jobs.jobs. jobs.jobs. ItIt It Itmeansmeans meansmeans stimulatingstimulating stimulatingstimulating economiceconomic economiceconomic growth.growth. growth.growth. ItIt It Itmeansmeans meansmeans stronger,stronger, stronger,stronger, moremore moremore prosperousprosperous prosperousprosperous communities.communities. communities.communities. SignSignSignSign thethe thethe petitionpetition petitionpetition toto toto passpass passpass regulatoryregulatory regulatoryregulatory reliefrelief reliefrelief (S.1484)(S.1484) (S.1484)(S.1484) now.now. now.now. VisitVisitVisitVisit aba.com/RegReliefaba.com/RegRelief aba.com/RegReliefaba.com/RegRelief NorthNorthNorthNorth CarolinaCarolina CarolinaCarolina YoungYoungYoungYoung BankersBankers BankersBankers MeetMeetMeetMeet thethe thethe NorthNorth NorthNorth CarolinaCarolina
    [Show full text]
  • NASDAQ Stock Market LLC (“Nasdaq Exchange”), a Subsidiary of the Nasdaq Stock Market, Inc
    July 31, 2006 Nancy M. Morris, Esq. Secretary US Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 RE: Request for Relief from § 12 of the Securities Exchange Act of 1934 Dear Ms. Morris: On January 13, 2006, the Securities and Exchange Commission (“SEC” or “Commission”) approved the application of The NASDAQ Stock Market LLC (“Nasdaq Exchange”), a subsidiary of The Nasdaq Stock Market, Inc. (“Nasdaq”), to register under Section 6 of the Securities Exchange Act of 1934 (“Act” or “Exchange Act”) as a national securities exchange.1 Nasdaq’s transition of its listing and trading activities to the Nasdaq Exchange will further Congress’s instruction to promote “fair competition . between exchange markets.”2 Absent the relief requested herein, however, Nasdaq’s transition to a national securities exchange would require approximately 3,200 Nasdaq Global Market3 and Capital Market issuers with securities registered pursuant to the Act, or exempt from registration under Section 12(g) of the Act,4 to file registration statements5 to register those securities under Section 12(b) of the Act.6 1 Securities Exchange Act Release No. 53128 (January 13, 2006), 71 FR 3550 (January 23, 2006) (the “Exchange Approval Order”). 2 Exchange Act Section 11A(a)(1)(C)(ii). 3 Effective July 1, 2006, Nasdaq renamed the Nasdaq National Market as the Nasdaq Global Market and created a new segment within the Global Market called the Global Select Market. References to the Nasdaq Global Market include those securities listed on the Nasdaq Global Market and the Nasdaq Global Select Market. See Securities Exchange Act Release No.
    [Show full text]
  • SFGR-20037 03 INSIDE Revised
    20032003 AnnAnnualual ReportReport CORPORATE TABLE Profile of Contents The South Financial Group, headquartered in Corporate Profile . Inside front cover Greenville, South Carolina, is a financial holding Financial Highlights . 1 company focused on fast-growing banking markets Message to Our Shareholders . 2 in the Southeast. Founded in 1986, it now has approximately $10.7 billion in total assets and Questions and Answers . 6 134 branch offices in South Carolina, North Carolina Focus. Discipline. Execution. 8 and Florida. The South Financial Group operates Condensed Consolidated Balance Sheets . 14 through two subsidiary banks: Condensed Consolidated Income Statements . 15 • Carolina First Bank, the largest South Carolina- Selected Financial Data . 16 headquartered commercial bank, operates in Leadership . 20 South Carolina, North Carolina and on the Internet Boards of Directors . 22 under the brand name, Bank CaroLine, and Markets . 24 • Mercantile Bank, principally serving Jacksonville, Shareholder Summary . 26 Orlando and Tampa Bay, Florida. Company Information . Inside back cover The South Financial Group uses a super-community bank strategy serving small and middle market businesses and retail consumers by offering a full range of financial services, including cash management, investments, insurance and trust services. Its common stock trades on The Nasdaq Stock Market under the symbol TSFG. SUMMARY Annual Report The 2003 Annual Report is presented in a summary format intended to provide information in a concise, summarized manner that will be meaningful and useful to the widest range of readers. The audited financial statements and detailed analytical schedules are contained in The South Financial Group’s Annual Report on Form 10-K for the year ended December 31, 2003 filed with the Securities and Exchange Commission.
    [Show full text]
  • News Release Joseph A
    North Carolina Office of the Commissioner of Banks NEWS RELEASE JOSEPH A. SMITH, JR. COMMISSIONER OF BANKS RELEASE: IMMEDIATE DATE: MAY 14, 2008 CONTACT: HA NGUYEN DISTRIBUTION: STATEWIDE PHONE: 919/733-3016 RALEIGH --- The State Banking Commission convened its regular meeting on Wednesday, May 14, 2008, at 9:00 A.M. in the Hearing Room of The Office of the Commissioner of Banks, 316 W. Edenton Street, Raleigh, North Carolina. The following were approved: 1. Articles of Incorporation and Application to charter a new commercial bank to be known as Colony Signature Bank, to be located in Charlotte, Mecklenburg County, North Carolina. 2. Articles of Incorporation and Application to charter a new commercial bank to be known as Legacy Bank, to be located in Charlotte, Mecklenburg County, North Carolina. Since the last meeting (3/19/08), the Commissioner of Banks has approved the following pursuant to APA Rules: For Consideration under 4 NCAC 3C .0201 – Establishment: Application by Bank of North Carolina, Thomasville, North Carolina, for authority to establish Mooresville Office at 125 Commerce Park Drive, Suite 101, Mooresville, Iredell County, North Carolina. Application by NewBridge Bank, Greensboro, North Carolina for authority to establish its Carolina Beach Road Branch, 5978 Carolina Beach Road, Wilmington, New Hanover County, North Carolina. For Consideration under 4 NCAC 3C .0301 – Relocation: Application by First-Citizens Bank & Trust Company, Raleigh, North Carolina, for authority to relocate its Dunn Main Office from 201 West Broad
    [Show full text]
  • Completion of the Acquisition of the South Financial Group, Inc
    TD Bank marks another important milestone in expansion of U.S. footprint Oct 1, 2010 CHERRY HILL, NJ and TORONTO, Oct. 1 /CNW/ - TD Bank Financial Group (TSX, NYSE: TD) (TDBFG) today announced the completion of the acquisition of The South Financial Group, Inc. (South Financial), marking a major milestone in the expansion of TD's U.S. footprint. "The closing of the South Financial transaction, coupled with the recent conversion of the Florida-based banks whose operations we purchased from the FDIC, strengthens our Maine-to-Florida footprint and will complement our organic growth focus," said Ed Clark, President and CEO, TDBFG. "With these acquisitions, we now have about 1,300 U.S. stores - a truly remarkable achievement, considering that we had no U.S. presence just six years ago." Clark added: "These transactions enhance our presence in the deposit-rich Florida market, offer an entry point into North and South Carolina and speak to our continued focus on growth. They are also an important step towards growing our earnings in the U.S." The Florida banks' operations purchased from the FDIC have already been converted to the TD platform. Upon the conversion of the South Financial franchise in 2011, TD Bank, America's Most Convenient Bank® (TD Bank), intends to introduce its brand, retail banking expertise and regional banking model across South Financial's footprint. "This is a great outcome for our customers and employees," said H. Lynn Harton, President and CEO, South Financial. "Combining the commercial banking expertise of South Financial with TD's customer- focused business model and personal banking success will allow us to further strengthen our position as a top North American bank." "With the South Financial transaction now closed, we're confident we can deepen our market share by offering an extensive suite of products, unparalleled convenience and legendary service to our customers in Florida and the Carolinas," said Bharat Masrani, President and CEO, TD Bank.
    [Show full text]
  • Capital Bank Raleigh R
    north carolina COMMISSIONER OF BANKS NORTH CAROLINA COMMISSIONER OF BANKS Annual Report 2010 north carolina COMMISSIONER OF BANKS Joseph A. Smith, Jr. Commissioner Office of the Commissioner of Banks Beverly E. Perdue Joseph A. Smith, Jr. Governor Commissioner of Banks To The Honorable Beverly E. Perdue, Governor of North Carolina: I hereby respectfully submit the 2010 Annual Report of the Commissioner of Banks. The report provides financial information for the calendar year ended December 31, 2010, on North Carolina's state-chartered commercial banks and savings institutions under the supervision of the Office of the Commissioner of Banks. In what was another challenging year for North Carolina's state-chartered banks and savings institutions, overall asset levels declined 2.8 percent, well below the 4 percent growth rate experienced in 2009. The decline also compares unfavorably to the corresponding national growth rate of 1.8 percent and the adjusted southeastern regional decline of 1.4 percent, after adjustment to exclude the effect of the region’s loss of Wachovia Bank, N.A., due to the merger with Wells Fargo & Company, San Francisco, California. Despite the aggregate decline in assets, the following eight banks each attained more than 30 percent growth over previous year-end assets: Bank of North Carolina, Carolina Premier Bank, Forest Commercial Bank, Great State Bank, Live Oak Banking Company, OldTown Bank, Park Sterling Bank, and Square 1 Bank. In addition, BB&T ranks as the fourth largest state-chartered bank in the nation, and RBC Bank (USA) ranks in the top 20. As a result of the deep and persistent recession afflicting the State and the nation, North Carolina’s state-chartered banks and savings institutions continued to experience deterioration in asset quality.
    [Show full text]
  • Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
    Federal Reserve Release H.2 Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received No. 32 Week Ending August 9, 2003 Board of Governors of the Federal Reserve System, Washington, DC 20551 H.2 Board Actions August 3, 2003 to August 9, 2003 Bank Holding Companies Woori Finance Holdings Co., Ltd., Seoul, Korea, and Woori Bank -- to acquire Panasia Bank, National Association, Fort Lee, New Jersey. - Approved, August 4, 2003 Regulations And Policies Basel Capital Accord -- request for comment on interagency documents related to proposed implementation of the new Basel Capital Accord in the United States. - Announced, August 4, 2003 Disciplinary Actions against Accountants -- final interagency regulations on disciplinary actions against accountants who fail to meet certain professional standards (Docket No. R-1139). - Approved, July 25, 2003 (AC) Identity Theft -- request for comment on proposed interagency guidance that would require financial institutions to develop programs to respond to incidents of unauthorized access to customer information, including notification procedures under certain circumstances. - Approved, August 4, 2003 (AC) = Addition or Correction Board - Page 1 of 1 H.2 Actions under delegated authority August 3, 2003 to August 9, 2003 BS&R Banking Supervision and Regulation RBOPS Reserve Bank Operations and Payment Systems C&CA Consumer and Community Affairs IF International Finance FOMC Federal Open Market Committee OSDM Office of Staff Director for Management Bank Branches, Domestic Richmond Albemarle First Bank, Charlottesville, Virginia -- to establish a branch in the General Electric Fanuc Office Park at Route 29 North and Highway 606. - Approved, August 4, 2003 Atlanta AmSouth Bank, Birmingham, Alabama -- to establish a branch at 3242 Little Road, Trinity, Florida.
    [Show full text]
  • A Strategy Analysis of the “Big Five” Canadian Banks
    A Strategy Analysis Of The “Big Five” Canadian Banks Claudio Eggert APRJ-699 Word Count: 13,716 April 4, 2012 Dr. Conor Vibert ABSTRACT The Canadian banking industry is highly concentrated with the top five banks dominating the sector with a combined market share of over 85% of total assets. This study analyses the individual strategies of the five largest banks as well as their competitive positioning within the Canadian banking sector to get a better understanding of their strategic decisions made over the years and how effectively they have responded to changes in their business environment. The overarching predictions that guide this research are that the banks have comparable domestic but very different international strategies, and that the banks have well-defined strategic plans, which they implement successfully with the long-term goal of profit maximization. The literature reviewed to conduct this study consists of corporate strategy, strategy analysis and competitive analysis literature, which provides insight into a variety of frameworks and tools that are used to analyze the individual strategies of each bank as well as their operating environment. The basic strategic management framework utilized for this study consists of three steps: 1) perform industry analysis, 2) conduct business strategy analysis for each bank, and 3) evaluate strategies and present conclusion. Some of the more recognized frameworks applied in this study are Porter’s Five Forces of Competition and the SWOT analysis diagram. Additional sources consulted for this paper are the annual reports published by the banks over the past ten years as well as reports from the Department of Finance of Canada and the World Economic Forum, among several others.
    [Show full text]
  • Boards of Directors and Advisory Groups
    Boards of Directors, Advisory Groups, and Officers Federal Reserve Bank of Richmond Small Business and Agriculture Advisory Board of Directors Council Our Richmond Board oversees the management Established in 1985, the Small Business and of the Bank and its Fifth District offices, provides Agriculture Advisory Council advises the Bank timely business and economic information, president and other senior officers on the participates in the formulation of national impact that monetary, banking, and fiscal monetary and credit policies, and serves as a policies have on the District’s small business link between the Federal Reserve System and and agricultural sectors. The Council’s 12 the private sector. The Board also has the members are appointed by the Bank president. responsibility of appointing the Bank’s president and first vice president, with approval Community Development Advisory Council from the Federal Reserve Board of Governors. Created in 1998 to enhance communication Six directors are elected by banks in the Fifth between the Bank and the public concerning District that are members of the Federal community development issues, our Commu- Reserve System, and three are appointed by nity Development Advisory Council advises the the Board of Governors. Bank president and other senior officers on The Bank’s board of directors annually community development concerns and related appoints our District representative to the policy matters. The Council’s eight members are Federal Advisory Council, which consists of one appointed by the Bank president. member from each of the 12 Federal Reserve Districts.The Council meets four times a year Operations Advisory Committee with the Board of Governors to consult on The Operations Advisory Committee was business conditions and issues related to the established by the Bank in 1978 to serve banking industry.
    [Show full text]