Peter A. Gallagher has served as a director of FBR since March 31, 2003. Previously he served as a Director of FBR Asset Investment Corporation, from August 2000 until its merger with FBR. Mr. Gallagher retired in May 2004 as the President and Chief Executive Officer of America's Promise - the Alliance for Youth, a non-profit organization dedicated to building the character and competence of America's youth, in which capacity he had served since July 1997. From 1994 through 1996, Mr. Gallagher served as Chief Executive Officer of Source One Financial Services, Inc., and from 1989 through 1993 he served as Senior Vice President of AT&T Consumer Affairs. Mr. Gallagher has also served as a member of the Board of Trustees of Pew Charitable Trust -- Partnership for Civic Change; VHA Health Foundation, Inc., and the National Assembly of Health and Human Service Organizations, and from 1996 through 1999 he served as Vice Chairman of the District of Columbia Emergency Board of Education. |