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ATLANTA, Oct. 31 /PRNewswire/ -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today announced the results of the 2008 election for three member director positions on the board of directors.

FHLBank Atlanta member institutions in Virginia re-elected Scott C. Harvard, president and CEO of Shore Bank in Onley, Virginia to a new four-year term. Harvard currently serves as chairman of the FHLBank Atlanta Board of Directors. Harvard has held his current positions at Shore Bank since 1985. He also serves as a board member and executive vice president of Hampton Roads Bankshares and as a member of the board of its other banking subsidiary, The Bank of Hampton Roads in Norfolk, Virginia. Harvard was first elected to the FHLBank Atlanta Board of Directors in 2003. During his tenure on the board, Harvard has served on the Audit, Credit and Member Services, Enterprise Risk and Operations, Executive, Finance, Governance and Compensation, and Housing and Community Investment committees of the board. He has been active in his community and in the banking associations in Virginia.

Member institutions in North Carolina re-elected Donna Goodrich, senior executive vice president of BB&T in Winston-Salem, North Carolina to a new four-year term. Goodrich has worked with BB&T since 1985 and has served on its Asset Liability Committee since 1995. Her previous positions at BB&T include Merger & Acquisitions Analyst and Corporate Funding Manager, with progressive promotions to executive management. Goodrich currently serves on the Credit and Member Services and Finance committees of the board.

Member institutions in Virginia also elected Edward J. Woodard, Jr., chairman, president and CEO of the Bank of the Commonwealth in Norfolk, Virginia to a three-year term. Woodard has held his current positions at the Bank of the Commonwealth since 1973. He has been active in both the American Bankers Association and the Virginia Bankers Association since 1972.

All three member directors' new terms will begin January 1, 2009.

About FHLBank Atlanta

FHLBank Atlanta is a $193 billion asset financial institution that provides competitively-priced financing, which its members may use as liquidity and risk management tools, affordable housing financing, first time home buyer grants, community development grants, and other banking services to more than 1,200 financial institutions and their communities in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 12 district banks in the Federal Home Loan Bank System, which since 1990 has contributed more than $2 billion to affordable housing development in the United States.