Local banker to be nominated for Fed post

Betsy Duke, the former bank teller who became president of local community bank, will be nominated by President Bush for a seat on the Federal Reserve System’s Board of Governors.

When confirmed by the Senate, Duke will be the only woman on the board, although not the first. But there have been plenty of “firsts” in the career of this remarkable woman:

In addition to being the first woman to lead the ABA, Duke was the first woman to lead the Virginia Bankers Association, the first female senior vice president at SouthTrust Bank, her employer prior to an acquisition by Wachovia, and the first female president of the Virginia-based community bank that was earlier acquired by SouthTrust.

Congratulations to Betsy Duke!

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