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| | | | Federal Home Loan Bank of Des Moines |
| | | Announcements | | |
FHLB Des Moines Releases 2011 Director Election Results
On November 9, 2011, the Board of Directors of FHLB Des Moines certified the results of the 2011 Member and Independent Director Elections. We are pleased to announce the election results for director terms commencing January 1, 2012.
Member Director Election Results
Member director elections were held to fill one seat in each of the states of Iowa and Minnesota. In Iowa, incumbent director Chris D. Grimm has been re-elected to serve his second term on the Bank's board. In Minnesota, Teresa J. Keegan has been elected to serve her first term on the board.
The results of the member director election are as follows:
Iowa - 1 elected seat
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| Number of institutions eligible to vote | 369 |
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| Number of institutions who voted | 164 |
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| Total eligible votes per candidate | 2,873,966 |
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| Total Votes | Chris D. Grimm, President | Elected – 4 year term |
| 1,012,637 | Iowa State Bank | 01/01/12 – 12/31/15 |
| | Wapello, IA | |
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| Total Votes | Kevin L. Brooks, President/CEO & Board Chair |
| 325,177 | South Story Bank & Trust |
| | Slater, IA |
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| Total Votes | Arthur J. Bacci, President and CEO |
| 128,442 | Principal Bank |
| | Des Moines, IA |
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| Total Votes | Neal D. Logan, CEO |
| 75,261 | Success Bank |
| | Bloomfield, IA |
Minnesota - 1 elected seat
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| Number of institutions eligible to vote | 375 |
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| Number of institutions who voted | 112 |
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| Total eligible votes per candidate | 1,671,510 |
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| Total Votes | Teresa J. Keegan, SVP and CFO | Elected – 4 year term |
| 331,149 | Fidelity Bank | 01/01/12 – 12/31/15 |
| | Edina, MN | |
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| Total Votes | Dennis A. Lind |
| 258,328 | Midwest Bank |
| | Detroit Lakes, MN |
Independent Director Election Results
District-wide - 2 elected seats
The 2011 independent director election was held to fill two seats in the Bank's five-state district. Independent director John H. Robinson has been re-elected to a four-year term commencing January 1, 2012. Mr. Robinson has served as an independent director on the Bank's board since May 2007. Ellen Z. Lamale has been elected to serve her first term on the Bank's board. Ms. Lamale will serve a four-year term.
The district-wide independent election results are as follows:
Independent Directors - 2 seats available
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| Number of institutions eligible to vote | 1,218 |
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| Number of institutions who voted | 371 |
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| Total eligible votes per candidate | 7,276,733 |
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| Total Votes | Ellen Z. Lamale | Elected – 4 year term |
| 2,480,819 | West Des Moines, IA | 01/01/12 – 12/31/15 |
| 34.1% | | |
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| Total Votes | John H. Robinson, Chairman | Elected – 4 year term |
| 2,426,947 | Hamilton Ventures, LLC | 01/01/12 – 12/31/15 |
| 33.4% | Kansas City, MO | |
