FHLBank Topeka Member and Independent Director Election Results
FHLBank Topeka (FHLBank) is pleased to announce the results of the 2012 Member and Independent Director Election. Elections for member directorships were conducted in Colorado and Kansas and an election for the independent directorship was conducted district-wide. Please find the official report of election below. Three directors were elected to FHLBank’s board of directors:
Independent Director Election
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Neil F.M. McKay, Retired, Former CFO and Treasurer, Capitol Federal Savings
Member Director Election
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Thomas H. Olson, Jr., CEO, Points West Community Bank, Julesburg, Colorado
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L. Kent Needham, Chairman, President and CEO, The First Security Bank, Overbrook, Kansas
Mr. McKay became a director of FHLBank in 2007.Mr. McKay, retired, served as the CFO or Controller of a financial institution for 25 years.
Mr. Olson is a new member director from the state of Colorado. Mr. Olson currently serves as CEO of Points West Community Bank, Julesburg, Colorado.
Mr. Needham is a new member director from the state of Kansas. Mr. Needham currently serves as Chairman, President and CEO of The First Security Bank, Overbrook, Kansas.
Questions about director elections should be directed to Patrick C. Doran, Senior Vice President and General Counsel, at 785.438.6054, orpat.doran@fhlbtopeka.com.
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2012 Federal Home Loan Bank of Topeka Member and Independent Director Election Results
Member Director Elections
Colorado Total Number of Eligible Votes per Candidate – 527,687 Eligible Voting Members – 124 Total Number of Members Voting – 42
Elected– Thomas H. Olson, Jr., CEO, Points West Community Bank, Julesburg, CO Total Votes Cast for Mr. Olson – 139,915 Expiration of Term – December 31, 2016
John A. Sneed, CEO, FMS Bank, Fort Morgan, CO Total Votes Cast for Mr. Sneed – 68,244
Kansas Total Number of Eligible Votes per Candidate – 1,131,453 Eligible Voting Members – 274 Total Number of Members Voting – 132
Elected– L. Kent Needham, Chairman, President and CEO, The First Security Bank, Overbrook, KS Total Votes Cast for Mr. Needham – 456,737 Expiration of Term – December 31, 2016
James L. Richardson, Chairman and CEO, Farmers National Bank, Stafford, KS Total Votes Cast for Mr. Richardson – 120,489
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Independent Director Elections
Tenth District Total Number of Eligible Votes per Candidate – 3,286,584 Eligible Voting Members – 832
Elected– Neil F.M. McKay, Retired, Former CFO and Treasurer, Capitol Federal Savings Total Votes Cast for Mr. McKay – 1,062,605 Total Number of Members Voting for Mr. McKay – 239 Public Interest Director – No Qualifications — Mr. McKay has demonstrated experience in and knowledge of auditing and accounting, derivatives, financial management, organizational management, project development and risk management practices. Expiration of Term – December 31, 2016
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