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| Federal Home Loan Bank of Des Moines | | | | |
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November 12, 2015
FHLB Des Moines Releases 2015 Director Election Results
On November 10, 2015, the Board of Directors of FHLB Des Moines certified the results of the 2015 Member and Independent Director Elections. We are pleased to announce the director terms commencing January 1, 2016.
Member Director Election Results
Iowa - 1 seat available
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| Number of institutions eligible to vote: | 349 |
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| Number of institutions who voted: | 241 |
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| Total eligible votes per candidate: | 2,929,402 |
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| Total Votes | Chris D. Grimm, President & CEO | Elected – 4 year term |
| 818,830 | BANK | 01/01/16 – 12/31/19 |
| | Wapello, IA | |
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| Total Votes | Kevin J. Swalley, Board Chair and CEO |
| 797,729 | GNB Bank |
| | Grundy Center, IA |
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| Total Votes | Clair J. Lensing, President and CEO |
| 299,249 | Security State Bank |
| | Waverly, IA |
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| Total Votes | David C. Eastburn, Chair |
| 65,789 | Iowa State Bank and Trust Company |
| | Fairfield, IA |
Minnesota - 1 seat available
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| Number of institutions eligible to vote: | 341 |
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| Number of institutions who voted: | 135 |
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| Total eligible votes per candidate: | 1,396,563 |
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| Total Votes | Teresa J. Keegan, SVP & CFO | Elected – 4 year term |
| 382,965 | Fidelity Bank | 01/01/16 – 12/31/19 |
| | Edina, MN | |
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| Total Votes | Vicki L. Turnquist, Board Director |
| 137,674 | Citizens Independent Bank |
| | St. Louis Park, MN |
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| Total Votes | Richard C. Jones, President and Director |
| 100,259 | Randall State Bank |
| | Randall, MN |
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| Total Votes | Daniel H. Zaczkowski, EVP & CFO |
| 32,008 | TruStone Financial Federal Credit Union |
| | Plymouth, MN |
Montana - 1 member director seat
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| Number of institutions eligible to vote: | 54 |
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| Number of institutions who voted: | 39 |
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| Total eligible votes per candidate: | 146,814 |
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| Total Votes | Michael J. Blodnick, CEO | Elected – 4 year term |
| 65,201 | Glacier Bank | 01/01/16 – 12/31/19 |
| | Kalispell, MT | |
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| Total Votes | John R. King, Board Chair and CEO |
| 49,726 | Three Rivers Bank of Montana |
| | Kalispell, MT |
Independent Director Election Results
District-wide - 4 total seats available
Independent Director - 3 seats available
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| Number of institutions eligible to vote: | 1,471 |
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| Number of institutions who voted: | 538 |
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| Total eligible votes per candidate: | 10,277,825 |
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| Total Votes | Ellen Z. Lamale | Elected – 4 year term |
| 3,651,082 | West Des Moines, IA | 01/01/16 – 12/31/19 |
| 35.52% | | |
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| Total Votes | Michael W. McGowan, CEO | Elected – 4 year term |
| 3,186,442 | DCM Limited | 01/01/16 – 12/31/19 |
| 31.00% | Missoula, MT | |
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| Total Votes | John H. Robinson, Chair | Elected – 4 year term |
| 3,146,448 | Hamilton Ventures, LLC | 01/01/16 – 12/31/19 |
| 30.61% | Kansas City, MO | |
Public Interest Director - 1 seat available
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| Number of institutions eligible to vote: | 1,471 |
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| Number of institutions who voted: | 496 |
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| Total eligible votes per candidate: | 10,277,825 |
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| Total Votes | Marianne M. Emerson | Elected – 4 year term |
| 3,527,971 | Bellevue, WA | 01/01/16 – 12/31/19 |
| 34.33% | | |
