Atlanta Fed’s Bank Supervision Leader to Retire After 13 Years
October 8, 2009
By MoneyAisle
According to Bloomberg, “William B. Ester III, the top banking regulator for the Federal Reserve Bank of Atlanta, plans to retire at the end of next month after 13 years at the post.”
Estes has been working for the bank since 1975. In 1996, he was promoted to the role of vice president for supervision and regulating, a position he has held ever since.
Although the Atlanta Fed’s handling of recently failed banks in Georgia and Florida has met with a fair amount of disapproval, Estes claims this did not factor into his choice to leave the company. Instead, Ester, who recently turned 60, cites age as one of the primary factors of his decision to retire.