Hibernia National Bank CEO named to Fed Reserve Board

New Orleans CityBusiness, Jan 11, 2006 by CityBusiness Staff Report

Herb Boydstun, president and chief executive officer of Hibernia National Bank and Hibernia Corp., has been appointed to the board of directors of the Federal Reserve Bank of Atlanta's New Orleans branch. His term began Jan. 1 and runs through Dec. 31, 2008. Boydstun worked at First Bancorp of Louisiana for 17 years and was serving as chairman when First Bancorp merged with Hibernia in 1994.

At Hibernia, he began as northeast regional chairman and later became southwest regional chairman. In June 2000, Hibernia named Boydstun chief community banking executive with responsibility for Hibernia's community banking markets. In December 2000 he was appointed president and chief executive officer. He has been a member of the company's board of directors since 1994.The Federal Reserve Bank of Atlanta branch directors provide economic information from the branch territory to the district bank's president and head office directors, who use the information in formulating monetary policy and making discount rate recommendations.