First Bank CEO Scott Harvard Re-Elected to FHLBank Atlanta Board
First Bank announced today that CEO Scott C. Harvard has been
re-elected to the board of directors of the Federal Home Loan Bank
of Atlanta (FHLBank Atlanta) for a second consecutive four-year
term, beginning January 1, 2021. Harvard previously served as a
member of FHLBank Atlanta’s board from 2003 through 2012, serving
as chair from 2007 through 2012.
Elizabeth Cottrell, chairman of the board of First Bank stated:
“We are so pleased to have Scott represent Virginia financial
institutions on the board of FHLBank Atlanta, and we are proud that
he has the strong support of financial institutions across the
Harvard added, “It has been a privilege to represent Virginia
financial institutions on the board of the Atlanta home loan bank,
and I am thankful for the opportunity to continue to work with what
I consider the finest board and management team in the FHLB
FHLBank Atlanta is one of 11 cooperative banks within the
Federal Home Loan Bank System. Formed in 1932 by an act of
Congress, the Federal Home Loan Banks have a mission of supporting
housing finance and community lending.
With assets in excess of $125 billion, including outstanding
advances of over $60 billion to financial institution members as of
June 30, 2020, FHLBank Atlanta fulfills its mission by offering
liquidity via competitively priced financing, as well as community
development grants, and other banking services that help financial
institutions and their communities grow and prosper.
Over the last decade, FHLBank Atlanta has provided over $151
million in affordable housing grants in Virginia resulting in over
24,500 housing units developed across the Commonwealth.
First Bank is a community bank serving the top of Virginia, the
Shenandoah Valley, south central Virginia, and Richmond. First Bank
first opened for business in 1907 in Strasburg, Virginia. The Bank
offers loan and deposit products and services through its website,
www.fbvirginia.com, its mobile banking platform, a network of ATMs
located throughout its market area, a loan production office, a
customer service center in a retirement community, and 14 bank
branch office locations located throughout the Shenandoah Valley
and central regions of Virginia.
In addition to providing traditional banking services, the Bank
operates a wealth management division under the name First Bank
Wealth Management. First Bank also owns First Bank Financial
Services, Inc., which invests in entities that provide investment
services and title insurance.
Contact info: Kirstie Svehla, Marketing Manager,
A photo accompanying this announcement is available at