Friday, January 9, 2015

Richmond Fed announces appointments to Charlotte branch

The Federal Reserve Bank of Richmond this week announced five appointments to the Charlotte branch's seven-member board of directors. All of the appointments are effective as of the start of this year.

A NEW CHAIR: The branch's board of directors elected Elizabeth Fleming, president of Converse College in Spartanburg, chair of the board. She has served as a director since 2013.

Fleming replaces David Zimmerman, president of Charlotte-based Southern Shows, whose term on the board ended.

NEW DIRECTORS: The Board of Governors of the Federal Reserve and the board of directors of the Federal Reserve Bank of Richmond have also appointed four directors to the Charlotte branch's board. They are:

  • Michael Crapps, CEO of Lexington, S.C.-based First Community Bank, for a term of two years.
  • Claude Demby, vice president of business development for Durham-based Cree, was re-appointed for a term of three years.
  • Paul Szurek, chief financial officer of Asheville-based Biltmore Farms, was re-appointed for a term of three years.
  • Mark Williamson, CEO of High Point Bank and Trust, for a term of one year.
DEPARTING DIRECTORS: Two directors are leaving the Charlotte branch's board. They are:
  • Robert Hill, CEO of Columbia, S.C.-based South State Corp. and South State Bank. Hill served on the Charlotte branch board since 2011. He's now going to serve a three-year term on the Federal Reserve Bank of Richmond's board. That appointment took effect Jan. 1.
  • John Kreighbaum, former CEO of Ballantyne-based Carolina Premier Bank Kreighbaum served on the Charlotte branch's board since 2009. (Kreighbaum announced his resignation from Carolina Premier Bank in August.)
The Charlotte's branch's territory covers North and South Carolina.


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