Bachelor of Science, State University College-Buffalo, 1967; Master of Arts, Northwestern University, 1968; Doctor of Philosophy, Northwestern University, 1972.
She submitted her resignation from the Board on February 9, 2007, and left the Federation effective March 30, 2007. A Press Notice stated she planned to spend more time with her family. From 1979 to 1995, she served in various other positions at First Tennessee, including Executive Vice President and Chief Financial Officer, Senior Vice President and Chief Financial Officer, Senior Vice President and Treasurer, Vice President for Corporate Development, Tactical Planning Manager, and Economist.
Bies has served as a Fellow at the Bank of Chicago (1969-1970) and as a Fellow at the Northwestern University Center for Urban Affairs (1968-1969).
Bies has been active in leadership positions for various organizations, including the Emerging Issues Task Force of the Financial Accounting Standards Board, the Committee on Corporate Reporting of the Financial Executives Institute, the End Users of Derivatives Association, the American Bankers Association, and the Bank Administration Institute. In December 2008, Bies said she thought that regulators had been caught by surprise by the rapid growth in volume of so-called subprime and adjustable-rate mortgages in the mid-2000s subprime mortgage crisis, and that she regretted there was not quicker action taken to protect borrowers.
“This makes me sick when I see this happening.”
Bies was named to the BofA Board in June 2009, as part of a government-encouraged restructuring of the Board after the Financial crisis of 2007-2009 and United States. Treasury Troubled Asset Relief Program (TARP) infusions into the bank.
President, board directors North Germantown Homewoners Association, 1978-1983. Treasurer Germantown Area Soccer Association, 1985-1986. Treasurer Fury Soccer Club, since 1988.
Vice chairman task force Committee on 21st Century, Rhodes College, Memphis, 1986-1987. Member executive advisory board School Accountancy Memphis State University. Board directors Memphis Youth Initiative, 1988, Memphis Partners.
Member Bachelor of Engineering Accounting and Finance Commission, since 1988, International Women's Forum. Member American Bankers Association (executive committee 1986-1988), National Association Business Economists, American Economic Association, End Users of Derivatives Association, Planning Executives Institute, Finance Executives Institute, (board directors Memphis chapter since 1988), Planning Forum (Managerial Excellence award Memphis chapter 1986), Memphis Area Chamber of Chamber (board directors since 1988, tax committee since 1988, chair since 1989), Economic Club Memphis (board directors since 1986, vice chairman 1987-1988, chairman 1988-1989), Omicron Delta Epsilon, Lambda Alpha.
Married John David Bies, August 29, 1970. Children: John Matthew, Scott Louis.