Diane Aigotti and Edward Brady have been re-elected to the Federal Home Loan Bank of Chicago’s board of directors, and Owen Beacom has been newly elected to the board. Mary Cahillane and Mark Eppli will also on new roles with the organization after being appointed to the two unoccupied directorship spots by the board. In addition, Thomas Herlache will take the helm as chairman and Steve Rosenbaum will serve as the vice chairman for 2012 to 2013.
“The mix of new and returning professionals to the Board is exciting as we build on our recent successes and plan for a profitable future focused on our members,” said Matt Feldman, president and CEO of the Federal Home Loan Bank of Chicago.
The board is made up of a mixture of industry directors who are elected by the bank’s member institutions in Illinois and Wisconsin on a state-by-state basis. The independent directors are elected by a plurality of the Bank’s members.
The Federal Home Loan Bank of Chicago is a wholesale bank that serves the needs of its member housing finance institutions located in Illinois and Wisconsin. With $73 billion in assets their mission is to provide their member shareholders with fairly priced funding, reasonable returns on their investments and with help supporting community investment activities.