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For immediate release: Jan. 19, 2011

Moore Reappointed and Nicholson Appointed to the Federal Reserve Bank of Atlanta's Birmingham Branch Board of Directors

C. Richard Moore Jr., chairman, president and chief executive officer of Peoples Southern Bank in Clanton, Ala., has been reappointed and Howard (Leroy) Nicholson, director of the Alabama AFL-CIO Labor Institute for Training (LIFT) in Montgomery, Ala., has been appointed to the board of directors of the Federal Reserve Bank of Atlanta's Birmingham Branch. Their terms began Jan. 1, 2011, and run through Dec. 31, 2013.

Prior to becoming a full-time banker in 1994, Moore practiced law and served as an officer and director of Peoples Southern Bank. He currently serves as chairman of the Alabama Bankers Association. He is a member of the Alabama Bankers Association board of directors, the University of Alabama President's Cabinet and the City of Clanton and Chilton County industrial boards. He is a member of the Alabama Bar Association and has served as president of the Chilton County Chamber of Commerce and the Clanton Lions Club. Moore received a bachelor's degree from the University of Alabama in 1973 and a juris doctorate degree from the University of Alabama School of Law in 1976.

Nicholson joined LIFT in 2002. He was previously employed at Bowater Corp., U.S. Alliance Coosa Pines Corp. and Kimberly-Clark Corp. He is an executive board member of the Alabama AFL-CIO and an advisory board member for the Department of Industrial Relations. Other board memberships include the Alabama Local Workforce Investment Board and the Alabama Workforce Investment Board. He is past president of the United Steel Workers Local 3-1595, 1992–2002, and also has served as a certified union counselor for the AFL-CIO Community Services.

Federal Reserve Bank of Atlanta branch directors provide economic information from the branch territory to the district bank's president and head office directors, who use the information in formulating monetary policy and making discount rate recommendations. Nicholson was appointed to the board of directors of the Federal Reserve Bank of Atlanta's Birmingham Branch by the Federal Reserve Board of Governors in Washington, D.C. Moore was reappointed by the Atlanta Fed's board of directors. The Board of Governors appoints three of the Birmingham Branch directors, and the Atlanta head office directors appoint four.

 

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