Nomination of Arthur J. Hill To Be President of the Government National Mortgage Association

The President today announced his intention to nominate Arthur J. Hill to be President of the Government National Mortgage Association, Department of Housing and Urban Development. He would succeed Mark E. Buchman.

Since 1984 Mr. Hill has served as chairman, president, and chief executive officer of Peoples National Bank of Commerce in Miami, FL. Prior to this he served as vice president and regional manager for corporate lending at Amerifirst Federal Savings and Loan Association in Miami, FL., 1983 - 1984. In addition, he has served in various positions for Southeast Bank, including vice president for the corporate lending division, 1979 - 1983; assistant vice president and money market department head, 1975 - 1979; and management training program, 1974 - 1975.

Mr. Hill graduated from Florida Memorial College (B.S., 1971) and the University of Florida (M.A., 1973). He was born July 4, 1948, in Jacksonville, FL. Currently, Mr. Hill resides in Miami, FL.