Monarch CEO Elected to Richmond Fed Board

Print
Email
Reprints
Comment
Twitter
LinkedIn
Facebook
Google+
Partner Insights

The chief executive of Monarch Financial Holdings (MNRK) in Chesapeake, Va., has been elected to the Federal Reserve Bank of Richmond's board.

The $1.1 billion-asset parent company of Monarch Bank said Monday that Brad Schwartz has been elected for a three-year term starting in January. Schwartz will serve as one of six directors of the Richmond Fed who are chosen by its stockholder banks. Three other directors on the nine-member board are appointed to three-year terms by the Federal Reserve Board.

The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia.

Wilbur E. Johnson, managing partner of the law firm of Young Clement Rivers in Charleston, S.C., was reelected to a three-year term, the Richmond Fed said in a news release this month.

JOIN THE DISCUSSION

SEE MORE IN

RELATED TAGS

'Dodd-Frank Is Like the TSA': Comments of the Week
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.

(Image: iStock)

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.