Atlanta Fed Promotes Kolb to Vice President and Baum, Harris and Willison to Assistant Vice Presidents

For immediate release: June 1, 2012

John Kolb has been promoted to vice president of the risk management and analysis group in supervision and regulation at the Federal Reserve Bank of Atlanta, according to Dennis Lockhart, president and chief executive officer of the Atlanta Fed. Lockhart also announced that Daniel Baum has been appointed assistant vice president in the Retail Payments Office (RPO) and Paige Harris and Molly Willison have been appointed assistant vice presidents in supervision and regulation.

Kolb assumes responsibility for supervision and regulation's risk management and analysis group and the division's risk council and related supervisory activities. He joined the Atlanta Fed's Birmingham Branch in 2000 and has held roles of increasing responsibility. In 2010 Kolb became assistant vice president for the risk area with primary responsibility for capital, credit, market and liquidity risks. Before joining the Atlanta Fed, he was a national bank examiner with the Office of the Comptroller of the Currency. Kolb earned a bachelor's degree in finance from the University of Southern Mississippi. He holds the Chartered Financial Analyst designation and also has completed executive development programs at Harvard Business School and the University of Pennsylvania's Wharton School.

Baum assumes responsibility for the RPO's product development group. He joined the Atlanta Fed in 2005 as a project director and currently oversees product and pricing initiatives for both the automated clearinghouse (ACH) and check business lines. Baum also leads the System's ACH 2.5 growth initiative. Before joining the Bank, he worked at the Richmond Fed from 1996 to 2005 as day check operations manager and then as manager of the check administration department. Baum earned a bachelor's degree in economics from the University of Baltimore and an MBA from Johns Hopkins University.

Harris will lead daily operations of supervision and regulation's consumer compliance and complaints function. She joined the Atlanta Fed in 1984 as an associate examiner, assisting with safety and soundness examinations of state member banks. From 1987 to 1992 she worked for the Office of Thrift Supervision. From 1992 to 2010 Harris held positions as vice president and compliance officer for SouthTrust Bank of Georgia, regional regulatory risk manager with Synovus Financial, and she was an independent consultant for several local community banks. She returned to the Atlanta Fed in 2010 managing a team supervising the Sixth Federal Reserve District's large, complex banks and bank holding companies. Harris earned a bachelor's degree in accounting from Appalachian State University and an MBA in risk management and insurance from Georgia State University. Harris also received her designation as a Certified Regulatory Compliance Manager from the American Bankers Association in 2008.

Willison will oversee daily operations of the international supervision program and related supervisory and regulatory activities. She joined the Atlanta Fed in 1995 and most recently served as director of international supervision, responsible for the examination and supervision of a portfolio of Latin American and Caribbean foreign banking organizations. Willison has 18 years of banking experience and has served as a member and chairperson of the supervision and regulation strategic planning committee, workplace improvement committee, and career advancement committee. She earned a bachelor's degree from Miami University in Oxford, Ohio. In addition, she studied abroad at the University of Sevilla and the University of Oviedo in Spain.

The Atlanta Fed is a part of the nation's central banking system, which Congress created in 1913. The Federal Reserve conducts monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices, supervises and regulates banking institutions, and helps ensure that the nation's payments systems operate smoothly. The Atlanta Fed serves the Sixth Federal Reserve District, which encompasses Alabama, Florida, Georgia and sections of Louisiana, Mississippi and Tennessee. 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.

Contact: Jean Tate 404-498-8035