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Banking management and director moves


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Banking management and director moves

S&P Global Market Intelligence presents a daily roundup of management and board changes in the bank and thrift industry. This feature excludes C-level leadership changes and stories previously covered by S&P Global Market Intelligence.

* Niraj Shah and Kathleen Walsh were appointed to the board of the Federal Reserve Bank of Boston, according to a press release.

Shah is the CEO, co-chairman and co-founder of Wayfair Inc., while Walsh is the president and CEO of the Boston Medical Center.

In an earlier report, Gary Gottlieb was named chair of the Boston Fed, while Phillip Clay was named deputy chair.

* John Rucker was elected to the board of Atlanta-based Federal Home Loan Bank of Atlanta as an independent director, effective Jan. 1, 2017. He will serve a two-year term ending Dec. 31, 2019.

Rucker, who is the managing director of Montgomery, Ala.-based Stifel Nicolaus & Company Inc., will serve on the credit and member services, governance and compensation, executive, and housing and community investment committees of the company.

The Federal Housing Finance Agency on Dec. 21 sent a notice to the company agreeing to Rucker's election, according to a Form 8-K.

* Lincolnton, N.C.-based Carolina Trust BancShares Inc. named Ralph Strayhorn III a member of its board of directors.

Also a director at the company's unit, Carolina Trust Bank, Strayhorn is the managing partner of Charlotte, N.C.-based Cape Point Advisory Partners LLC.

He has not been appointed to any committees at the moment, according to a Form 8-K.

* Jeffery Owensby joined the boards of Rancho Cordova, Calif.-based American River Bankshares and its unit American River Bank.

Owensby is equity partner at Kennaday Leavitt Owensby PC, according to a press release. The board expanded from eight to nine members.