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,