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Bank Leadership

Milton J. Miller II
President - Chief Executive Officer
Milton Miller became President - CEO of the Federal Home Loan Bank of Indianapolis (FHLBI) on July 16, 2007. Miller is Chairman of the Finance and Operations Committee of the FHLBank Presidents Conference.  He also serves on the boards of Pentegra and REFCORP.

Previously, Miller had served as FHLBI's Chief Financial Officer since 1985. In this capacity, he was responsible for credit, investments, funding, derivatives, and risk management.  During this period, he took a major role in the development of the Mortgage Purchase Program (MPP). Miller began his career at the FHLBI in 1978 as a research associate and subsequently held the roles of assistant economist, cash manager and asset/liability manager prior to his appointment as CFO.

Miller received a BS in management and administration and an MBA in finance from Indiana University, and is a Chartered Financial Analyst.


Cindy L. Konich
Senior Vice President - Chief Financial Officer
Konich is responsible for all treasury department functions including cash management, bank funding that involves the extensive use of derivatives, and asset/liability management. She was instrumental in the development of the FHLBI's retained earnings policy and capital plan and is involved in the overall strategic financial planning and forecasting process.

Konich has been with the FHLBI for 23 years. She holds both a BS in economics and an MBA from Indiana University, and is a Certified Public Accountant.



Douglas J. Iverson
Senior Vice President - Director of Marketing
Iverson oversees the sales and marketing department. His duties include collaborating with other departments on new product design and development and overseeing preparations for annual member meetings.

Iverson began his career at the FHLBI in 2005 as the manager of the Mortgage Purchase Program. His prior banking experience includes serving as CEO of Ottawa Savings/AmeriBank and later as a senior officer with Fifth Third Bank. Iverson earned a BA in economics and management from Hope College in Holland, Michigan, and an MBA from Western Michigan University.



K. Lowell Short, Jr., CPA
Senior Vice President - Chief Accounting Officer 
Lowell manages the bank's financial reporting, accounting and budgeting functions. He joined FHLBI in August 2009. He has over 25 years' experience in the financial services industry.  He served as a member of the board of directors of One America Funds, Inc. in Indianapolis, Indiana from 2007 to 2009, and was a member of that board's Audit Committee. From 2006 to 2007, Lowell served as Executive Vice President - Chief Financial Officer of Forethought Financial Group in Indianapolis and Batesville, Indiana. He was Senior Vice President at Conseco Companies in Carmel, Indiana from 1990 to 2006, where he was responsible for the accounting and financial reporting functions of the Conseco insurance companies.

Lowell received his MBA in finance from Indiana University and his BS in accounting from Olivet Nazarene University, Bourbonnais, Illinois.


Gregory L. Teare
Senior Vice President - Chief Banking Officer
Teare is responsible for member services, which includes credit services, the Mortgage Purchase Program, affordable housing and community investment programs, and marketing.

Teare joined the FHLBI in September 2008. He has over 30 years' experience in the financial services industry. He most recently was Risk Management Senior Manager at PricewaterhouseCoopers in Seattle, Washington, and Vice President and Director of Mortgage Purchase at the Federal Home Loan Bank of Seattle. He earned his undergraduate degree from The Ohio State University and an MBA from the University of Akron.



Jonathan R. West
Senior Vice President - Administration, General Counsel and Corporate Secretary

West serves as the chief legal officer, responsible for board governance, compliance and ethics. He also oversees government outreach, corporate communications, human resources and facilities. He came to the FHLBI in 1985 from a general corporate and insurance defense practice with the Indianapolis law firm of White & Raub.

West graduated Phi Beta Kappa from Indiana University with a double major in political science and psychology. He also holds an MBA from the Indiana University Graduate School of Business and a JD from Indiana University School of Law.


Updated: December 1, 2009