WASHINGTON, April 1, 2014 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Atlanta has elected Bank of Georgetown's Michael P. Fitzgerald to fill the District of Columbia member directorship vacancy on the board. He will serve on the audit, enterprise risk and operations, executive, and finance committees. The term became effective on March 26, 2014 and will expire on December 31, 2017.
Mr. Fitzgerald is the founder of Bank of Georgetown, a leading community bank providing loan, deposit and cash management solutions to Washington metro area businesses. As Chairman, President and CEO, he oversees strategic planning; overall bank management; and daily operations. He has more than 32 years of experience in commercial banking in the Greater Washington, D.C. area. Mr. Fitzgerald co-founded Bank of Georgetown in 2005 with the late Curtin Winsor III, based on the vision of building the Washington area's finest community bank. Under his leadership, the Bank has grown to more than $925 million in assets with 11 branches in the District of Columbia, Maryland and Virginia; and has consistently earned the highest level five-star rating from BauerFinancial, the nation's leading independent bank rating firm.
From 1998 through 2003, he served as senior vice president of SequoiaBank, overseeing all commercial banking operations in Maryland, as well as government contractor banking efforts throughout the region. Mr. Fitzgerald began his banking career with Riggs Bank, where he served for 15 years in several capacities, including corporate banking, special assistant to the chairman, and ultimately as president and chief executive officer of The Riggs National Bank of Maryland.
Throughout his career, Mr. Fitzgerald has been active in a number of civic, cultural, and educational organizations. He currently serves on the board of trustees of Marymount University and Providence Hospital (Washington, D.C.). Mr. Fitzgerald also serves as a member of the Community Depository Institutions Advisory Council of the Federal Reserve Bank of Richmond.
About Bank of Georgetown
Bank of Georgetown is a client-focused community bank with 11 branches throughout Washington, D.C., Montgomery County and Northern Virginia. The Bank has more than $925 in assets and specializes in helping local organizations achieve their financial goals by delivering competitive loan, deposit and cash management products and services. Founded in 2005 by Chairman, President and CEO Mike Fitzgerald and the late Curtin Winsor III, Bank of Georgetown offers unique customer-focused and technologically advanced services in order to maximize the relationship banking experience for its clients. More information is available at www.bankofgeorgetown.com.
About FHLBank Atlanta
FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank's members are commercial banks, credit unions, savings institutions, community development financial institutions and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia.
CONTACT: Bridget Veihmeyer Bank of Georgetown (202)742-1086 firstname.lastname@example.org
Source:Bank of Georgetown