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Auburn Board of Trustees member Bob Dumas has been elected to the Federal Reserve Bank of Atlanta’s board of directors. He is serving an unexpired term until Dec. 31, 2019.

Dumas is serving as a Class A director, a position generally held by bankers. Class A directors are elected by national and state-charted banks that are members of the Federal Reserve System. Dumas has been the president and chief executive officer of AuburnBank since 2001. He is also a director for the Alabama Bankers Association and has previously served as chairman.

Dumas earned a bachelor's degree in business administration with a major in finance from Auburn in 1976. Dumas was appointed to the university Board of Trustees in 2012 where he serves Lee County in District 3. His term will expire on April 9, 2022.

The board of directors of the Federal Reserve Bank of Atlanta oversees the management of the bank's operations and recommends changes in the discount rate. Board members also contribute to the formulation of U.S. monetary policy through the economic information they provide to the bank's president.