Federal Home Loan Bank of Atlanta Announces Results of 2016 Board of Directors’ Election

ATLANTA, Oct. 20, 2016 (GLOBE NEWSWIRE) — Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today announced the results of the 2016 director election for two member directors and two at-large independent directors. All directors-elect terms will begin on January 1, 2017.

FHLBank Atlanta member institutions in North Carolina re-elected Suzanne S. DeFerie to a four-year member directorship term. Ms. DeFerie has served as president and chief executive officer of Asheville Savings Bank since January 2008 and its holding company, ASB Bancorp, Inc., since its incorporation in May 2011. She has been a director of FHLBank Atlanta since 2015. She also serves as a member of the boards of directors for both the Asheville Savings Bank and ASB Bancorp, Inc.  Prior to becoming chief executive officer, Ms. DeFerie served as executive vice president and chief financial officer of the Asheville Savings Bank for 16 years. She also serves as a member of the Community Depository Institutions Advisory Council for the Federal Reserve Bank of Richmond. She is the immediate past chair of the Asheville Area Chamber of Commerce Board of Directors and the United Way of Asheville and Buncombe County Board of Directors.

FHLBank Atlanta member institutions in Virginia elected Scott C. Harvard to a four-year member directorship term. Mr. Harvard currently serves as president, chief executive officer, and director of First National Corporation and chief executive officer and director of First Bank in Strasburg, Virginia. He served as a director of FHLBank Atlanta from 2003 through 2012. Prior to joining First Bank, Mr. Harvard owned and operated Harvard Resources from 2009 to 2011, served as executive vice president of Hampton Roads Bankshares from 2008 to 2009, and president and chief executive officer of Shore Financial Corporation from 1985 to 2008. He currently serves on the boards of the Virginia Bankers Association and the Community Bankers Bank of Richmond.

FHLBank Atlanta member institutions re-elected LaSalle D. (Donney) Leffall, III to a four-year independent directorship term. Mr. Leffall is president of LDL Financial LLC, a financial advisory and investment firm he founded in 2006. He has been a director of FHLBank Atlanta since 2007. From 2002 to 2006, he held various executive positions, including president and chief operating officer at The NHP Foundation in Washington, D.C., one of the nation’s largest nonprofit owners of affordable multifamily housing. He was recruited in 2008 to serve as acting chief executive officer. From 1996 to 2002, Mr. Leffall was a mergers and acquisitions investment banker, first at Credit Suisse First Boston and then at UBS, both in New York, New York. In 1992, Mr. Leffall began his career as an attorney in the corporate department of Cravath, Swaine & Moore in New York, New York. Since 2011, he has served on the board of directors of Mutual of American Investment Corporation and Mutual of America Institutional Funds, Inc. He is a member of the Circle of the National Gallery of Art, the Council on Foreign Relations, the Economic Club of Washington, D.C., and the Federal City Council.

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