South Carolinians appointed to Federal Reserve
Friday, 30 November 2007

RICHMOND -- Two South Carolinians have been reappointed to the The Federal Reserve Board of Governors and the Federal Reserve Bank of Richmond Board of Directors for the Baltimore and Charlotte offices.

Claude C. Lilly, dean of Clemson University's College of Business and Behavioral Science, and Barry L. Slider, president and CEO of First South Bancorp Inc. and First South Bank in Spartanburg, were reappointed for three-year terms for the Charlotte office.

The Federal Reserve Bank of Richmond is one of 12 District Reserve Banks that together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Richmond Fed serves the Fifth Federal Reserve District, which encompasses the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia.

Other appointments included the Baltimore board of directors: William B. Grant, chairman and CEO of First United Corp. and First United Bank and Trust in Oakland, Md., and William R. Roberts, president of Verizon Maryland Inc. in Baltimore, Md.

Also appointed to the Charlotte board of directors was David J. Zimmerman, president of Southern Shows Inc. in Charlotte, N.C.

The Boards of Directors of the Baltimore and Charlotte offices of the Federal Reserve Bank of Richmond each have seven members. A majority of each office's directors are appointed by the Boards of Directors of the Richmond Reserve Bank and the remainder by the Board of Governors of the Federal Reserve System.

 
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