Federal Home Loan Bank of Atlanta Announces 2024 Director Election Results

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Federal Home Loan Bank of Atlanta Announces 2024 Director Election Results

ATLANTA, Oct. 21, 2024 (GLOBE NEWSWIRE) — Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today announced the results of the 2024 director election. The Bank conducted an election to fill the member directorships for North Carolina and Virginia, an independent directorship and a public interest independent directorship. Each director-elect will serve a four-year term commencing on January 1, 2025, and ending December 31, 2028.

Suzanne DeFerie was elected to fill the member directorship representing the state of North Carolina and Scott Harvard was elected to fill the member directorship designated for the state of Virginia. Rodney Hood was elected to fill the independent directorship and Susan Dewey was elected to fill the public interest independent directorship.

“We are excited to welcome Rodney Hood to the board as an independent director and know his experience will greatly benefit the board and our members,” said FHLBank Atlanta chair of the board of directors, Thornwell Dunlap. “We are also pleased to have directors DeFerie, Harvard and Dewey return to the board and continue representing members across our district and their communities.”

Ms. DeFerie has served on the FHLBank Atlanta board of directors since 2015, including four years as Finance Committee Chair and one year as Audit Committee Chair. Director DeFerie currently serves as Vice Chair of the board of directors and Executive Committee. She is currently a member of the board of First Bank, a subsidiary of First Bancorp in Southern Pines, North Carolina (NASDAQ-FBNC). She was previously president and chief executive officer of Asheville Savings Bank, S.S.B. in Asheville, North Carolina and its holding company, ASB Bancorp, Inc., when the bank and holding company were acquired by First Bancorp. Prior to becoming president and chief executive officer of Asheville Savings Bank and ASB Bancorp, Inc., Ms. DeFerie was the bank’s executive vice president and chief financial officer for 16 years. She is active in the Asheville community, currently serving as Vice Chair of the Community Betterment Foundation of the Asheville Chamber of Commerce, Chair of the Asheville Merchants’ Fund and member of the Board of ANC Healthcare, as well as past board chair of the Asheville Chamber of Commerce and United Way of Asheville and Buncombe County.

Mr. Harvard has served on the FHLBank Atlanta board since 2017, where he served as Chair of the Governance and Compensation Committee in 2022 and currently serves as Chair of the Enterprise Risk Management Committee (2023 –2024). He was a director for FHLBank Atlanta from 2003 to 2012, serving as chairman from 2007-2012. He has served as president, chief executive officer, and director of First National Corporation (NASDAQ – FXNC) since 2011. He was president, chief executive officer, and director of First Bank, an independent Virginia community bank, from 2011 to 2015 and chief executive officer and director of First Bank since 2015. He was previously on the board of the Virginia Association of Community Banks, is a past chairman of the Virginia Bankers Association (VBA) and has served on the Council of Federal Home Loan Banks.

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