Richmond Fed has new Charlotte board member

The Board of Governors of the Federal Reserve System named a new member to its Charlotte board of directors on Monday.

Laura Clark will serve a term that runs until Dec. 31, 2015. Clark is executive director of Renaissance West Community Initiative, a Charlotte-based nonprofit revitalizing the old Boulevard Homes on the west side of Charlotte.

Clark fills the seat that had been held by David Zimmerman, president of Charlotte-based Southern Shows Inc., a trade and exposition management company. Zimmerman's term expired Dec. 31.

The Charlotte board of directors falls under the Federal Reserve Bank of Richmond, which also has a Baltimore branch and board of directors.

The boards of the Baltimore and Charlotte branches each have seven members, three of whom are appointed by the Board of Governors and four by the directors of the Federal Reserve Bank of Richmond.