FHLBank Atlanta Announces 2024 Director Election Results
Federal Home Loan Bank of Atlanta (FHLBank Atlanta) has shared significant news regarding the results of its 2024 director election. The election aimed to fill key member directorships for North Carolina and Virginia, an independent directorship, and a public interest independent directorship. Each newly elected director will embark on a four-year term beginning January 1, 2025, and concluding December 31, 2028.
New Directors Elected to the Board
Suzanne DeFerie has been elected to represent North Carolina, while Scott Harvard will represent Virginia. Additionally, Rodney Hood was appointed as an independent director and Susan Dewey as the public interest independent director.
Experience and Contributions of the Newly Elected Directors
Ms. DeFerie brings extensive experience to the board, having served since 2015. Her roles include four years as Finance Committee Chair and another year as Audit Committee Chair. Currently, she acts as Vice Chair of the board and is part of the Executive Committee. DeFerie's background includes leadership as president and CEO of Asheville Savings Bank, where she played a pivotal role before its acquisition by First Bancorp.
Scott Harvard has been a board member since 2017 and was previously a director from 2003 to 2012. He chairing governance and compensation committees and is currently at the helm of the Enterprise Risk Management Committee. His experience extends to leading First National Corporation as president and CEO since 2011, and he has been deeply engaged with the Virginia Bankers Association.
Rodney Hood's Contributions
Rodney Hood, the newly elected independent director, has a wealth of experience as the former Chair of the Board of the National Credit Union Association (NCUA). His leadership in overseeing significant resources and navigating challenges, such as the financial crisis, showcases his expertise in risk management. Hood's background also includes diverse roles within banking, thus providing a comprehensive perspective to FHLBank Atlanta's board.
Susan Dewey's Background
Susan Dewey brings her expertise from her tenure as CEO of Virginia Housing, managing a substantial $10 billion organization focused on affordable housing. Her involvement with various councils and boards highlights her commitment to housing accessibility and community development. Dewey's previous role as Virginia's State Treasurer adds to her impressive credentials, equipping her with fiscal acumen highly beneficial to the bank.
About FHLBank Atlanta
FHLBank Atlanta is committed to providing competitively-priced financing and community development grants. The institution's mission supports its members—ranging from commercial banks to credit unions—in promoting affordable home mortgages and fostering economic growth in communities. The bank is one of 11 district banks in the Federal Home Loan Bank System and has significantly impacted affordable housing initiatives by awarding over $9.1 billion since 1990, benefitting more than 1.2 million households.
Connect With Us
To learn more about FHLBank Atlanta and its initiatives, visit our official website. Should you have any inquiries or require further information, feel free to reach out to one of our representatives.
Contact:
Sheryl Touchton
Email: stouchton@fhlbatl.com
Phone: 404.888.8105
Frequently Asked Questions
What is FHLBank Atlanta?
FHLBank Atlanta is a financial institution that provides support to its member banks and financial organizations to enhance community development and provide affordable housing solutions.
Who were the newly elected directors for 2024?
The newly elected directors are Suzanne DeFerie for North Carolina, Scott Harvard for Virginia, Rodney Hood as independent director, and Susan Dewey as the public interest independent director.
What experience does Suzanne DeFerie bring?
Suzanne DeFerie has been on the board since 2015 and has held various leadership roles, including Vice Chair and committee chair, showcasing her extensive experience in finance and governance.
What role does Rodney Hood play in the banking sector?
Rodney Hood is a former Chair of the NCUA and has significant banking experience, including risk management and oversight of large credit union systems.
How can I contact FHLBank Atlanta for more information?
You can contact Sheryl Touchton via email at stouchton@fhlbatl.com or by phone at 404.888.8105 for any inquiries.
