FEDERAL HOME LOAN BANK OF CINCINNATI
NewsLine
November 17, 2011
TO ALL MEMBERS:
2011 BOARD OF DIRECTORS ELECTION RESULTS
We are pleased to announce the results of the 2011 FHLBank of Cincinnati Board of Directors (Board) election of two Ohio Member Directors and two at-large Independent Directors. The Board ratified the election results at its November 17 meeting. The terms of these newly elected directors commence January 1, 2012, and end December 31, 2015.
MEMBER DIRECTOR ELECTION RESULTS
In Ohio, seven candidates ran in this election to fill two open seats. The two candidates receiving the highest number of votes and therefore re-elected to the Board are incumbent directors Michael R. Melvin and Mark N. DuHamel. The election results are provided below.
Number of members voting: 204
Total eligible votes per candidate: 3,070,687
Actual votes cast: 2,198,108
Michael R. Melvin
President and Director
Perpetual Federal Savings Bank, Urbana, Ohio
Total votes received: 1,054,191
Mark N. DuHamel
Executive Vice President, Treasurer, and Corporate Development Officer
FirstMerit Bank, NA, Akron, Ohio
Total votes received: 1,052,771
Shon B. Myers
Chairman, President, and Chief Executive Officer
Farmers & Merchants Bank, Miamisburg, Ohio
Total votes received: 749,410
H. Stewart Fitz Gibbon III
Executive Vice President, Chief Operating Officer, Chief Risk Officer,
Secretary and Treasurer, Wayne Savings Community Bank, Wooster, Ohio
Total votes received: 403,297
J. William Stapleton
Director, President, and Chief Executive Officer
Home City Federal Savings Bank, Springfield, Ohio
Total votes received: 276,406
R. Dean Meiszer
President and Chief Executive Officer
CBank, Cincinnati, Ohio
Total votes received: 238,410
Jay Young
President and Chief Executive Officer
Fiberglas Federal Credit Union, Newark, Ohio
Total votes received: 161,680
INDEPENDENT DIRECTOR ELECTION RESULTS
In the at-large election of two Independent directors, incumbent directors Donald J. Mullineaux and Charles J. Ruma were re-elected to the Board. Neither of these seats is a Public Interest directorship. As required by Federal Housing Finance Agency regulations, both individuals received more than the minimum 20 percent of the number of votes eligible to be cast and both possess the experience and knowledge required of Independent Directors.
Mr. Mullineaux is the duPont Endowed Chair in Banking and Financial Services, Gatton College of Business and Economics, University of Kentucky, and has extensive knowledge in economics and finance including risk management and derivatives. Mr. Ruma is the President of Virginia Homes and is a supporter of housing and home construction with extensive experience in organizational management and project development.
Number of members voting: 414
Total eligible votes per candidate: 5,435,119
Actual votes cast: 3,378,026
Donald J. Mullineaux
duPont Endowed Chair in Banking and Financial Services,
Gatton College of Business and Economics, University of Kentucky, Lexington, Kentucky
Total votes received: 2,620,982
Percent of votes eligible to be cast: 48.2%
Charles J. Ruma
President, Virginia Homes, Ltd., Columbus, Ohio
Total votes received: 2,291,724
Percent of votes eligible to be cast: 42.2%
On behalf of the Board and staff, I would like to thank our members for participating in the director election and would also like to congratulate our returning Directors.
David H. Hehman
President and CEO