News

The Federal Home Loan Bank of Indianapolis Board of Directors has elected Karen F. Gregerson as Chair of the Board and Robert M. Fisher as Vice Chair of the Board, each for a two-year term beginning Jan. 1, 2023, and ending Dec. 31, 2024. Since 2016, Gregerson has been President and CEO of The Farmers Bank in Frankfort, Ind. She also is the President of the Farmers Bancorp, the bank’s holding company. Gregerson previously served as Senior Vice President and CFO of STAR Financial Bank in Fort Wayne, Ind. She has served on the Board since 2013, and as Board Vice Chair from Jan. 1, 2021, through Dec. 31, 2022. Since 2005, Fisher has served as the President and Vice Chair of Lake-Osceola State Bank in Baldwin, Mich. He also is the President and Secretary of Lake Financial Holding Company, the bank’s holding company. Fisher has served on the Board since 2019, and he recently was re-elected to his second term beginning Jan. 1, 2023.

In observance of Thanksgiving, FHLBank Indianapolis will be closed on Thursday, Nov. 24, 2022. The Advances window and Advantage MPP department will not be available to Bank members, and staff will not be available to answer questions. Advantage MPP and the Advances desk will have limited hours on Friday, Nov. 25.

The Federal Home Loan Bank of Indianapolis announced today that $7.24 million in affordable housing grants will be awarded to 17 affordable housing developments in Indiana and Michigan through the Bank’s 2022 Affordable Housing Program (AHP). These AHP grants of up to $500,000 will support the acquisition, construction or rehabilitation of properties for use as affordable homes. As a result of the AHP grants, more than 830 units of affordable housing will be created or rehabilitated in the neighborhoods and communities where the Bank’s member financial institutions do business.

The Federal Home Loan Bank of Indianapolis Board of Directors (“the Board”) has announced that it is seeking candidates to fill one vacant independent directorship, with a term that ends Dec. 31, 2024. The primary role of a director is to oversee the operations of the Federal Home Loan Bank of Indianapolis (“FHLBank Indianapolis” or “the Bank”), in conformity with its statutory authorities to provide advances, purchase mortgages from its members, administer affordable housing program and community interest grants, and provide other correspondent banking services. To be considered for an independent directorship, a candidate must be a bona fide resident of Indiana or Michigan and meet other requirements under applicable FHFA regulations.

The Office of Finance has published the Third Quarter 2022 Combined Financial Report (CFR) of the Federal Home Loan Banks (FHLBanks). This report has been prepared from the unaudited financial information of the FHLBanks. Each of the FHLBanks -- including FHLBank Indianapolis -- has filed its Third Quarter 2022 Form 10-Q with the SEC.