News by "announcements"

Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis President and CEO Cindy Konich announces retirement; Board names EVP Brendan McGrath as successor After 41 years of service at FHLBank Indianapolis, including the past 12 years as President and CEO, Cindy Konich has announced her retirement. Her last day in the office will be Sept. 30, 2025. The Board of Directors has named EVP Brendan McGrath as the next President and CEO, effective Oct. 1. Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis releases 2024 AHAC Report Commitment to our communities. That's the Federal Home Loan Bank of Indianapolis pledge. After several years of stepping up and expanding our community reach, 2024 was marked by record-breaking AHP investments, a slew of new programs and continued dedication to maximizing our impact. Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis declares first quarter 2025 dividends, reports earnings On April 24, 2025, the Board of Directors of FHLBank Indianapolis declared its first quarter 2025 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 9.50% and 4.50%, respectively. Federal Home Loan Bank Indianapolis Member Announcements FHLBank Indianapolis announces fourth quarter 2024 dividends, reports earnings On Feb. 20, 2025, the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its fourth quarter 2024 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 9.50% and 4.50%, respectively. Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis releases heirs' property report for 2 major Indiana counties A new report by FHLBank Indianapolis and Black Onyx Management found more than 1,800 heirs' properties — land or property passed down among family members without a formal will or estate plan after the owner's death — valued at more than $258 million in two of Indiana's most populated counties. Affordable Housing Member Announcements FHLBank Indianapolis allocates nearly $7 million to Rate Advantage mortgage program for low-income homebuyers In response to heavy member demand, the Board of Directors of FHLBank Indianapolis recently approved adding $2.7 million to its new Rate Advantage Program, bringing the total allocation to $6.7 million to make homeownership more affordable to hundreds of low-income residents in Indiana and Michigan. Federal Home Loan Bank Indianapolis Community Investments Elevate Spotlight: Dirt Wain, LLC of Fort Wayne, Ind. Elevate Spotlight is an ongoing series of profiles focused on recipients of our Elevate Small Business Grants. Today's installment: Dirt Wain, LLC. Affordable Housing Public Announcements FHLBank Indianapolis announces $800,000 in pre-development grants for Tribal Nations Housing Development Assistance Program FHLBank Indianapolis has announced that $800,000 in pre-development affordable housing grants is now available to the 12 federally recognized tribal nations located in Michigan through the Tribal Nations Housing Development Assistance Program (TNHDAP). Federal Home Loan Bank Indianapolis Member Announcements FHLBank Indianapolis adds $3 million to popular new home loan program with below-market rates The new MPP Rate Advantage Program incentivizes Bank members to fund mortgage loans to low-income borrowers by offering below-market note rates. Launched with $1 million on Aug. 15, 2024, the initial 100 loans were locked in under six weeks, In September, $3 million was added to extend the program. Federal Home Loan Bank Indianapolis Community Investments Elevate Spotlight: Accutrak Consulting and Accounting Services of St. Clair Shores, Mich. Elevate Spotlight is an ongoing series of profiles focused on recipients of our Elevate Small Business Grants. Today's installment: Accutrak Consulting and Accounting Services Federal Home Loan Bank Indianapolis Community Investments Elevate Spotlight: Owl Creek Construction of Evansville, Ind. Elevate Spotlight is an ongoing series of profiles focused on recipients of our Elevate Small Business Grants. Watch this space and our social media for future occasional installments. First up: Owl Creek Construction in Evansville, Ind., a company specializing in small concrete projects. Federal Home Loan Bank Indianapolis Member Announcements FHLBank Indianapolis announces 2024 Community Spirit Awards FHLBank Indianapolis has awarded the 2024 Community Spirit Award to Vice President James Parker of Central Savings Bank in Sault Ste. Marie, Mich., and Marketing Manager Autumn Bucy of Hendricks County Bank and Trust Company in Brownsburg, Ind.