Results of 2022 Federal Home Loan Bank of Pittsburgh Director Election
The Federal Home Loan Bank of Pittsburgh (“FHLBank”) is pleased to announce the winners of the 2022 Board of Directors Election. There was one Member Directorship up for election in each of Delaware, Pennsylvania and West Virginia. In the district-wide Independent Director election, Delaware, Pennsylvania, and West Virginia members voted to reelect one incumbent Independent Director.
DELAWARE MEMBER DIRECTOR ELECTION
Delaware members voted to fill one expiring Delaware Member Directorship. The following individual was elected as a Delaware Member Director:
Blanche L. Jackson, CEO
Stepping Stones Community Federal Credit Union
603 N. Church St.
Wilmington, DE 19801
FHFA ID: 55590
Ms. Jackson shall serve a four-year term beginning on Jan. 1, 2023 and ending on Dec. 31, 2026. Of the 20 Delaware members eligible to vote in this election, 10 cast a ballot.
The total number of votes eligible to be cast for any one Delaware Member Director nominee in this election was 625,140. The following summary provides the number of votes cast for each nominee:
| |
| |
Nominee | Votes Cast |
Blanche L. Jackson | 335,812 |
David Gillan | 183,007 |
PENNSYLVANIA MEMBER DIRECTOR ELECTION
The Bank received just one (1) nominee for the one (1) open Pennsylvania Member Director seat. Pursuant to Federal Housing Finance Agency Regulation at 12 C.F.R. 1261.8(c), since the number of nominees for Member Directorships in Pennsylvania was equal to the number of Member Directorships to be filled in this year’s election, no Pennsylvania Member Director election was held.
The following individual was deemed reelected as a Pennsylvania Member Director:
Jeane M. Vidoni, President & CEO
Penn Community Bank
219 S. 9th St.
Perkasie, PA 18944
FHFA ID: 5285
Ms. Vidoni shall serve a four-year term beginning on Jan. 1, 2023 and ending on Dec. 31, 2026.
WEST VIRGINIA
West Virginia members voted to fill one expiring West Virginia Member Directorship. The following individual was elected as a West Virginia Member Director:
H. Charles Maddy, III, CEO
Summit Community Bank
300 North Main St.
Moorefield, WV 26836
FHFA ID: 15864
Mr. Maddy shall serve a four-year term beginning on Jan. 1, 2023 and ending on Dec. 31, 2026. Of the 49 West Virginia members eligible to vote in this election, 39 cast a ballot.
The total number of votes eligible to be cast for any one West Virginia Member Director nominee in this election was 201,281. The following summary provides the number of votes cast for each nominee:
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| |
Nominee | Votes Cast |
H. Charles Maddy, III | 68,430 |
Nathaniel Bonnell | 65,700 |
Timothy Aiken | 37,149 |
Mark Mangano | 16,306 |
INDEPENDENT DIRECTOR ELECTION
The FHLBank held a district-wide election for one Incumbent Independent Director to fill one expiring Independent Directorship. The following individual was reelected:
Glenn R. Brooks, President
Leon N. Weiner & Associates, Inc.
4 Denny Road
Wilmington, DE 19809
Mr. Brooks will serve a four-year term beginning on January 1, 2023 and ending on December 31, 2026. Of the 281 members district-wide eligible to vote in this election, 134 cast a ballot in the Independent Director election.
The total number of votes eligible to be cast for the Independent Director nominee in this election was 4,151,595. The following were the votes cast:
| |
Nominee | Votes Cast |
Glenn Brooks | 2,085,175 |
Please note that pursuant to Federal Housing Finance Agency regulation, members who vote do so by casting all of their shares of FHLBank stock that they were required to hold as of December 31, 2021 for each open Directorship to be filled up to the applicable state average. Each Delaware member was eligible to vote their shares one time for one open Member Directorship. Each West Virginia member was eligible to vote their shares one time for one open Member Directorship. Delaware, Pennsylvania, and West Virginia members were eligible to vote their shares once for the Independent Director candidate.
Nov. 17, 2022 | 22-109c
