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For immediate release: Dec. 3, 2007

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

Maryam "Mimi" B. Head, owner, president and majority stockholder of Ram Tool and Supply Co. Inc., has been reappointed to the board of directors of the Federal Reserve Bank of Atlanta's Birmingham Branch. C. Richard Moore, chairman, president and chief executive officer of Peoples Southern Bank in Clanton, Ala., has been appointed to the board of directors of the Birmingham Branch. Their terms begin Jan. 1, 2008, and run through Dec. 31, 2010.

Since 1984 Head has been owner, president and majority stockholder of Ram Tool and Supply Co. Inc., a Birmingham, Ala., based construction material distributor. Previously, Head was director of marketing for the National Bank of Commerce from 1981 to 1984 and executive director of the Birmingham International Tennis Tournament from 1979 to 1980.

Head serves as a board member of the Eye Sight Foundation and is a member of the Birmingham Area Chamber of Commerce and Rotary Club. She earned a bachelor of arts degree in political science from Miami University in Oxford, Ohio. She has been recognized on a number of occasions by the Birmingham Business Journal as one of Birmingham's Top Business Women, and in 2003 she was inducted into the Alabama Hall of Fame for women business owners.

Moore began serving as chairman of Peoples Southern Bank in 1994 and was named chairman, president and chief executive officer in 2003. Moore was an attorney, officer and board member of Peoples Southern Bank from 1979 to 1993. He served as an attorney with Segrest, Pilgrim & Wood from 1977 to 1979.

Moore serves on the board of directors of the Alabama Bankers Association and is a member of the Alabama Bar Association and the President's Cabinet of the University of Alabama. He also serves on the industrial boards of the City of Clanton and Chilton County. He earned a bachelor's degree in finance from the University of Alabama and a law degree from the University of Alabama School of Law.

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. Head was reappointed 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 appointed by the Federal Reserve Bank of Atlanta's board of directors. The Board of Governors appoints three of the directors of the Birmingham Branch, and the Atlanta head office directors appoint four.