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| Federal Home Loan Bank of Des Moines | | | | |
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November 9, 2017
FHLB Des Moines Releases 2017 Director Election Results
On November 8, 2017, the Board of Directors of FHLB Des Moines reviewed the results of the 2017 Member and Independent Director Elections. We are pleased to announce the director terms commencing January 1, 2018.
Member Director Election Results
Alaska - 1 seat available
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| Number of institutions eligible to vote: | 14 |
| Number of institutions who voted: | 13 |
| Total eligible votes per candidate: | 95,707 |
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| Total Votes | Lauren M. MacVay, Chief Executive Officer | Elected – 4 year term |
| 52,660 | True North Federal Credit Union | 01/01/18 - 12/31/21 |
| | Juneau, AK | |
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| Total Votes | Michele M. Schuh, Senior Vice President and Chief Financial Officer |
| 39,804 | First National Bank Alaska |
| | Anchorage, AK |
Missouri - 1 seat available
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| Number of institutions eligible to vote: | 307 |
| Number of institutions who voted: | 169 |
| Total eligible votes per candidate: | 2,767,138 |
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| Total Votes | John A. Klebba, President, Chief Executive Officer and Board Chairman | Elected – 4 year term |
| 1,000,883 | Legends Bank | 01/01/18 - 12/31/21 |
| | Linn, MO | |
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| Total Votes | Joseph C. Stewart, III, Board Chairman and Chief Executive Officer |
| 409,483 | Bank Star |
| | Pacific, MO |
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| Total Votes | D. Eric McClure, Chief Executive Officer |
| 219,890 | Mid-Missouri Bank |
| | Springfield, MO |
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| Total Votes | George L. Crowley, Director |
| 176,228 | FortuneBank |
| | Arnold, MO |
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| Total Votes | James G. Robinson, Board Chairman and Chief Executive Officer |
| 64,901 | Nodaway Valley Bank |
| | Maryville, MO |
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| Total Votes | Nathan G. Bartlett, Executive Vice President and Chief Credit Officer |
| 31,882 | Commercial Bank |
| | Saint Louis, MO |
Hawaii - 1 seat available (No Election)
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Christine H. H. Camp, Director | Elected – 4 year term |
| Central Pacific Bank | 01/01/18 - 12/31/21 |
| Honolulu, HI | |
South Dakota - 1 seat available (No Election)
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Steven L. Bumann, Chief Financial Officer | Elected – 4 year term |
| BankWest, Inc. | 01/01/18 - 12/31/21 |
| Pierre, SD | |
Utah - 1 seat available (No Election)
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James G. Livingston, Senior Vice President and Director | Elected – 4 year term |
| ZB, National Association | 01/01/18 - 12/31/21 |
| Salt Lake City, UT | |
On September 28, 2017, in accordance with Federal Housing Finance Agency regulations, Christine Camp, Steven Bumann, and James Livingston were each declared elected by the FHLB Des Moines to serve on the Federal Home Loan Bank Board for four-year terms commencing January 1, 2018. Ms. Camp, Mr. Bumann, and Mr. Livingston were the only eligible candidates who chose to stand for election and were therefore elected to fill the one directorship each in Hawaii, South Dakota and Utah, respectively.
Independent Director Election Results
District-wide - 1 seat available
Independent Director - 1 seat available
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| Number of institutions eligible to vote: | 1,422 |
| Number of institutions who voted: | 451 |
| Total eligible votes per candidate: | 12,942,522 |
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| Total Votes | Cynthia A. Parker, President and Chief Executive Officer | Elected – 4 year term |
| 4,888,181 | BRIDGE Housing | 01/01/18 - 12/31/21 |
| 37.77% | Seattle, WA | |
