Sanchez Named Vice President at Federal Reserve Bank of Atlanta

For immediate release: Jan. 7, 2008

Juan Sanchez has been promoted to vice president of the community affairs function in the supervision and regulation division at the Federal Reserve Bank of Atlanta, announced Dennis Lockhart, president and chief executive officer of the Atlanta Fed.

In this position, Sanchez addresses housing and employment opportunities for low- and moderate-income people and commercial and neighborhood revitalization initiatives through community-development lending programs and investment opportunities. In addition, he advises lenders on compliance with the Community Reinvestment Act, fair lending practices and procedures and bank safety and soundness.

Sanchez joined the Atlanta Fed in 2002 as assistant vice president and community affairs officer. He has extensive experience in community affairs, including working for the supervision and regulation department of the Miami Branch of the Atlanta Fed from 1998 to 1999. He also worked as vice president and community development manager for Barnett Bank and as senior vice president and director of compliance and community development for BankUnited.

Sanchez earned a bachelor of science degree in economics from Florida State University and a master's degree in business administration from the University of South Florida.

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.