The Federal Home Loan Bank of Indianapolis (“FHLBank Indianapolis”) today announced the results of its Board of Directors (Board) election for one Indiana member director, two Michigan member directors, and one district-wide independent director. The following individuals were elected to the Board, and will each serve four-year terms beginning January 1, 2019.
- Dan L. Moore, President/CEO of Home Bank SB, Martinsville, Indiana, was re-elected to the open Indiana member director seat.
- Jeffrey G. Jackson, Chief Lending Officer of Michigan State University Federal Credit Union, East Lansing, Michigan, was elected to the first open Michigan member director seat.
- Robert M. Fisher, President/CEO of Lake-Osceola State Bank, Baldwin, Michigan, was
elected to the second open Michigan member director seat.
- Larry A. Swank, CEO and Chair at Sterling Group, Inc., Mishawaka, Indiana, was re-elected to the open independent director seat.
The FHLBank Indianapolis Board is comprised of both member and independent directors. Annually, the Director of the Federal Housing Finance Agency determines the size of the Board and designates at least a majority, but no more than 60%, of the directorships as member directorships and the remainder as independent directorships. Independent directors are nominated by the Board after consultation with the FHLBank Indianapolis Affordable Housing Advisory Council and the Federal Housing Finance Agency.
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