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For Immediate Release: Feb. 18, 2010

Atlanta Fed Announces Organizational Changes, Including Promotions and New Group in Bank Supervision and Regulation

Dennis P. Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta, today announced several organizational changes and two promotions in the Bank's supervision and regulation division. Cynthia Goodwin, vice president, will take responsibility for a new risk management and analysis group within the supervision and regulation division. Brian Bowling and Steve Wise have been named vice presidents in the division. Goodwin, Bowling and Wise will assume their new responsibilities on March 1, 2010. To provide cross-functional experience and depth to senior staff, Lockhart also announced several new assignments within the division.

In his new role, Bowling will oversee policy and supervisory studies and the credit and risk management department. Bowling joined the Atlanta Fed in 1999 as head of the policy and supervisory studies group. He was promoted to assistant vice president in 2005 and assumed the additional responsibility for credit and risk management in 2007. Prior to joining the Atlanta Fed, he spent eight years as a senior banking analyst, capital markets specialist and commissioned bank examiner with the Federal Deposit Insurance Corporation. Bowling earned a bachelor's degree in finance from Marshall University and a master's degree in banking and financial management from Boston University. Bowling is a Chartered Financial Analyst.

Wise assumes responsibility for community bank supervision. Since 2006, he has served as assistant vice president with responsibility for safety and soundness for community banking organizations in the Southeast. Wise joined the Federal Reserve Bank of Dallas in 1987, transferring to the Atlanta Reserve Bank in 1991 as an examiner. In 1997, he was promoted to senior examiner and manager in the Reserve Bank's supervision and regulation division, and in 1998 he was named directing examiner of one of the domestic safety and soundness examination teams in the division's community banking area. He earned a bachelor's degree in finance from the University of Texas at Arlington and is a CPA.

Goodwin will lead the division's risk management and analysis group, which will assess risks—operations, credit, market, compliance and liquidity—and risk management practices of institutions across all supervisory portfolios, including enforcement activities. This group will also focus on risk analysis through bank surveillance and application processing. Previously Goodwin served as vice president in the supervision and regulation division, providing direction over several functions including policy and supervisory studies and the credit and risk management department.

Lockhart also announced new assignments for some other officer-level staff.

Large and Regional Bank Supervision
David Tatum, previously the officer over the Bank's administrative support group, will serve as vice president over the large and regional bank supervision group.

Community Bank Supervision
Allen Stanley, previously in the large and regional bank supervision group, will serve as an assistant vice president in the community bank supervision group and report to Steve Wise.

Administrative Support
Sue Costello, previously the officer over large and regional bank supervision, will serve as the vice president over the administrative support group in bank supervision and regulation.

Quality Assurance
Juan Sanchez, previously the officer over the Bank's community affairs function, will serve as vice president of the division's quality assurance function as well as perform other projects.

Vice presidents in bank supervision report to Michael Johnson, the Bank's senior vice president of supervision and regulation.

The Federal Reserve Bank of Atlanta serves the Sixth Federal Reserve District, which encompasses Alabama, Florida, Georgia and sections of Louisiana, Mississippi and Tennessee. As part of the nation's central banking system, the Atlanta Fed participates in setting national monetary policy, supervises numerous commercial banks and provides a variety of financial services to depository institutions and the U.S. government.