FHLBank Indianapolis President and CEO Cindy Konich announces retirement, effective Sept. 30, 2025
last updated on Friday, August 8, 2025 in Federal Home Loan Bank Indianapolis
After 41 years of service at the Federal Home Loan Bank of Indianapolis, including the past 12 years as President and CEO, Cindy Konich announced her retirement this week. Her last day in the office will be Sept. 30, 2025. The Bank’s Board of Directors has named Brendan McGrath, EVP, Chief Risk and Compliance Officer, as the next President and CEO, effective Oct. 1.
"The Bank’s mission of supporting our members’ liquidity needs and advancing homeownership and community development across Indiana and Michigan has been easy to get behind, and collectively we’ve been incredibly successful over the years,” Konich said.
Konich, 68, joined FHLBank Indianapolis in 1984 as Cash Manager, and during her career she served in a variety of roles, including EVP COO and CFO. She was named President and CEO on July 22, 2013. During her tenure as CEO, the Bank’s assets have grown to $91 billion through June 30, 2025. In 2024, the Bank returned $77 million – 17.5% percent of annual net earnings, a record high – to its Affordable Housing Programs, proof of the organization’s commitment to its mission of advancing housing and supporting community development across Indiana and Michigan.
Click here to read the Bank's full news release, including comments from McGrath and the chair of the Bank's Board of Directors.
Click here for a related statement by the Council of FHLBanks.
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