FHLB Des Moines Releases 2019 Director Election Results
On November 6, 2019, the Board of Directors reviewed the results of the 2019 Member and Independent Director Election. The Federal Home Loan Bank of Des Moines is pleased to announce the director terms commencing January 1, 2020.
Member Director Election Results
Iowa- 1 seat available
Number of institutions eligible to vote: 330
Number of institutions who voted: 177
Total eligible votes per candidate: 3,534,668
Total Votes | Chris D. Grimm, President and CEO | Elected - 4 year term |
1,021,254 | BANK | 01/01/20 - 12/31/23 |
Wapello, Iowa | ||
Total Votes | John P. Rigler II, Chairman and CEO | |
678,934 | Peoples Bank | |
Clive, Iowa | ||
Total Votes | David C. Eastburn, Chairman | |
117,504 | Iowa State Bank and Trust Company | |
Fairfield, Iowa | ||
Total Votes | Dave J. Cale, President and CEO | |
90,797 | Financial Plus Credit Union | |
West Des Moines, Iowa |
Minnesota - 1 seat available
Number of institutions eligible to vote: 309
Number of institutions who voted: 99
Total eligible votes per candidate: 1,530,879
Total Votes | Teresa J. Keegan, Executive Vice President and CFO | Elected - 4 year term |
360,414 | Fidelity Bank | 01/01/20 - 12/31/23 |
Edina, Minnesota | ||
Total Votes | R. Frank Weidner, President and CEO | |
145,066 | Wings Financial Credit Union | |
Apple Valley, Minnesota |
Montana - 1 seat available (No Election)
Joe R. Kesler, Director | Elected - 4 year term | |
First Montana Bank | 01/01/20 - 12/31/23 | |
Missoula, Montana |
On August 16, 2019, in accordance with Federal Housing Finance Agency regulations, Joe Kesler was declared re-elected by the FHLB Des Moines to serve on the Federal Home Loan Bank Board for a four-year term commencing January 1, 2020. Mr. Kesler was the only eligible candidate who chose to stand for election and was therefore elected to fill the one directorship in Montana.
Independent Director Election Results
District-wide - 4 seats available
Independent Director - 3 seats available
Number of institutions eligible to vote: 1,365
Number of institutions who voted: 416
Total eligible votes per candidate: 13,518,322
Total Votes | Amy K. Johnson | Elected - 4 year term |
3,566,906 | Minnetonka, Minnesota | 01/01/20 - 12/31/23 |
26.39% | ||
Total Votes | Ellen Z. Lamale | Elected - 4 year term |
3,921,764 | West Des Moines, Iowa | 01/01/20 - 12/31/23 |
29.01% | ||
Total Votes | Michael W. McGowan, Chief Executive Officer | Elected - 4 year term |
3,592,919 | DCM Limited | 01/01/20 - 12/31/23 |
26.58% | Missoula, Montana | |
Public Interest Independent Director - 1 seat available
Number of institutions eligible to vote: 1,365
Number of institutions who voted: 393
Total eligible votes per candidate: 13,518,322
Total Votes | Cleon P. Butterfield, Senior Vice President and CFO | Elected - 4 year term |
3,855,023 | Utah Housing Corporation | 01/01/20 - 12/31/23 |
28.52% | West Valley City, Utah | |