Federal Reserve System Governor Duke to Visit KRA Facility

On June 8, 2011, the Federal Reserve Bank (FRB) of Richmond will be hosting Governor Elizabeth Duke, a member of the Board of Governors (the Board) of the Federal Reserve System of the United States. As part of her visit, Ms. Valaryee Mitchell, One Stop Services Coordinator with the Virginia Community College System/Workforce Development Services, has arranged for Governor Duke and other FRB administrators to tour the White Pine Virginia Workforce Center, which is operated by KRA. The full agenda is still in the planning stage, but KRA will be providing space for the assemblage to meet for brief presentations and Q&A after the tour, as  well as “showcasing” one of KRA’s many successful business relationships that has culminated in employment opportunities for KRA One-Stop customers. KRA is extremely honored by her scheduled visit to our program next month.

Read More about Governor DukeA true Virginian, she was born in Portsmouth and grew up in Virginia Beach. Governor Duke did leave the State, however, to attend college in North Carolina, but returned  after graduating, and landed her first job in the banking and finance industry with First and Merchants National Bank in Virginia Beach. Later, while employed as VP/CFO of the Bank of Virginia Beach, she attended Old Dominion University, and earned her MBA degree. Other illustrious positions include VP/CFO and President/CEO of the Bank of Tidewater. Governor Duke was selected as a Director of the FRB of Richmond, and elected President of the Virginia Bankers Association. She remained President/CEO of the Bank of Tidewater until it was acquired by SouthTrust, which made her Executive VP of Community Bank Development. When Wachovia acquired SouthTrust, she remained an Executive VP, in charge of the Merger Project Office. Governor Duke was elected Chair of the American Bankers Association for the 2004-05 year, and in 2005, became Senior Executive VP/COO of TowneBank. She was nominated to the Board by President George W. Bush in 2007, and confirmed by the Senate in 2008 to fill an unexpired term ending January 31, 2012. Governor Duke is the seventh woman to be appointed to the Board.