Bank of Georgetown in Washington, D.C., has elected former mayor Anthony Williams to its board of directors.

Williams was the mayor of Washington, D.C., from 1999 to 2007 and is widely credited with improving the city's finances after years of mismanagement. He has held executive posts in the fields of real estate development and public policy since leaving office and was recently named chief executive of the Federal City Council, an independent organization dedicated to economic development in the city.

In a news release Thursday, Bank of Georgetown Chairman Curtis Winsor called Williams "a man of exceptional character and vision."

"Mayor Williams is one of the greatest elected leaders in the history of Washington, D.C.," Winsor said. "His recent nomination for CEO of the Federal City Council further demonstrates his commitment as a private citizen to making Washington, D.C. a better place for its citizens and a world-class destination for business and development."

Founded in 2005, Bank of Georgetown is the largest bank based in the nation's capital, with $700 million of assets and 12 branches in Washington, Maryland and northern Virginia. 

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