Home japan financial crisis Federal Home Loan Bank of Cincinnati Announces Director Election Results

Federal Home Loan Bank of Cincinnati Announces Director Election Results

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CINCINNATI, December 11, 2020 / PRNewswire / – The Federal Home Loan Bank of Cincinnati The board of directors announced the results of the elections of the directors of the FHLB in 2020. The members elected two directors of the FHLB. Ohio, as well as two independent directors. Each director will serve a four-year term starting January 1, 2021. The Board also elected J. Lynn anderson as president.

Re-elected to the Board as Ohio the member administrators are Brady T. Burt and James j vance.

Mr. Burt is Chief Financial Officer of Bank National Park and its holding company, Park National Corp. Newark, Ohio. He was first elected to the Board of Directors in 2017. His career includes stints at Coopers & Lybrand / PwC in London, and as CFO at Vail Banks Inc. in Colorado. He joined Park National in 2007 as Accounting Director and was promoted to Financial Director in 2012. He graduated from Miami University, Oxford, Ohio. Mr. Burt is a member of the Board of Directors of Habitat for Humanity-MidOhio.

Mr. Vance is Senior Vice President and Co-Chief Investment Officer of Western & Southern Assurance Company in Cincinnati. He was first elected to the Board of Directors in 2017. He joined Western & Southern in 1994 after eight years with Eastman Kodak Co. in Rochester, New York. Mr. Vance received his Bachelor of Business Administration degree from University of Wittenberg, Springfield, Ohio, a law degree University of Cincinnati College of Law and an MBA in Finance from Indiana University. He is a member of the Ohio Bar Association. Mr. Vance is involved in a number of civic and charitable organizations in Greater Cincinnati currently Cincinnati Children’s Hospital and St. Elizabeth Hospital, and previously The Beechwood Home, the Urban League of Greater Cincinnati and the Cincinnati Nature Center.

Elected as independent directors are Kristin H. Darby and holder J. Lynn anderson.

Kristin H. Darby of Nashville, Tennessee, is newly elected to the Council. Ms. Darby joined Envision Healthcare as Chief Information Officer in 2018. Envision Healthcare is a national medical group, providing care when and where it’s needed most to over 32 million patients annually. . Ms. Darby is CPA, CFE and obtained her BS in Accounting and Management Information Systems from University of South Florida and an MBA from Henley Management College in England. She currently serves on the board of directors of the Nashville Technology Council and Advancing Women in Nashville and the Addgene Audit Committee in Cambridge, Massachusetts.

J. Lynn anderson is the retired President and CEO of the Nationwide Bank of Columbus. She was first elected to the Board of Directors in 2012 to fill a Director Member position from Ohio, then re-elected by the membership in 2013 and 2017. She is a graduate of The Ohio State University, Certified Public Accountant and is currently Chairman of the Board of Directors of Columbus-Based National Church Residences, the largest non-profit provider of affordable seniors housing in the country. In addition to her re-election, Ms. Anderson was also elected Chair of the Board of Directors. Beginning of his two-year term as Chairman of the Board January 1, 2021, and expire December 31, 2022.

The FHLB is a $ 74 billion Congressional chartered regional wholesale bank providing financial services for residential housing and economic development to 630 member financial institutions located in Kentucky, Ohio and Tennessee. He contributed $ 690 million for the creation of more than 98,000 social housing units as part of its affordable housing program since 1990. In addition, the board of directors of the FHLB has voluntarily contributed $ 25 million benefits in response to member community needs, including rebuilding homes in the event of natural disasters, mitigation of foreclosures, emergency repairs, and accessibility rehabilitation for special needs and elderly populations . The FHLB system consists of 11 district banks, is fully owned by its 7,000 shareholders of member institutions, and does not use taxpayer money.

This press release may contain forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the effects of economic market conditions on demand for FHLB products, legislative or regulatory developments regarding the FHLB system, competitive forces and other risks detailed from time to time in documents filed by the FHLB with the Securities and Exchange Commission. Forward-looking statements are valid as of the date of their publication and are not guarantees of future performance. The actual results or developments may differ materially from the expectations expressed or implied in the forward-looking statements, and the FHLB does not undertake to update these statements.

SOURCE Federal Home Loan Bank of Cincinnati

Related links

http://www.fhlbcin.com

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