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For immediate release: Dec. 20, 2007

Hudson and Thompson Reappointed to the Federal Reserve Bank of Atlanta's Miami Branch Board of Directors

Dennis S. Hudson III, chairman and chief executive officer of Seacoast Banking Corp. of Florida, and Gay Rebel Thompson, president, chief executive officer, director and part-owner of Cement Industries Inc., have been reappointed to the board of directors of the Federal Reserve Bank of Atlanta's Miami Branch. Their terms begin Jan. 1, 2008, and run through Dec. 31, 2010.

Hudson has been chairman and chief executive officer of Seacoast Banking Corp. of Florida since 1998. He has served in various positions with Seacoast Banking Corp. of Florida since 1978.

Hudson is a member of the board of directors of Florida Public Utilities Co. and HPS Inc. He has served on the boards of the Martin County YMCA Foundation, Council of Aging, The Pine School, Community Bankers of Florida and the Florida Bankers Association. He received a bachelor's degree in finance/accounting and an M.B.A. from Florida State University.

Thompson has served Cement Industries Inc., a manufacturer of precast and prestressed concrete construction products, in many capacities since 1976.

Thompson is a member of the Florida Prestressed Concrete Association and the American Subcontractors Association of Florida. She is also a former chairman of the United Way of Lee County and the Greater Fort Myers Chamber of Commerce and is past president of the Rotary Club of Fort Myers. Thompson earned a bachelor's degree with honors from the University of North Carolina at Chapel Hill and was in the masters program there.

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. Thompson was appointed to the board of directors of the Federal Reserve Bank of Atlanta's Miami Branch by the Federal Reserve Board of Governors in Washington, D.C., and Hudson was appointed by the Atlanta head office directors. The Board of Governors appoints three of the directors of the Miami Branch, and the Atlanta head office directors appoint four.

 

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