EXHIBIT 99.1
November 8, 2013
VIA EMAIL
TO: Member Institutions in Illinois and Wisconsin
RE: Results of 2013 Election of Federal Home Loan Bank of Chicago
Member and Independent Directors
The Federal Home Loan Bank of Chicago is pleased to announce the results of the 2013 election of Federal Home Loan Bank member and independent directors for member institutions in Illinois and Wisconsin. Please note that the Board of Directors had designated two public interest directors and one of the current public interest directors’ terms of service had expired and was up for re-election. The directors’ terms will begin on January 1, 2014.
MEMBER DIRECTORS
Illinois - One Member Director
|
| | |
| Number of Members Eligible to Vote | 489 |
|
| Number of Members Casting Votes | 224 |
|
| Total Eligible Votes for Each Directorship | 3,639,252 |
|
Votes
Received
|
| | | |
Rosenbaum, Steven F. Chairman, President & Chief Executive Officer Term Expires: December 31, 2017 (Four year term) | Prospect Federal Savings Bank Worth, IL | 1,263,346 |
|
Wisconsin - One Member Director
|
| | |
| Number of Members Eligible to Vote | 272 |
|
| Number of Members Casting Votes | 150 |
|
| Total Eligible Votes for Each Directorship | 1,758,659 |
|
|
| | | |
Locke, E. David Chairman and Chief Executive Officer Term Expires: December 31, 2017 (Four year term) | McFarland State Bank McFarland, WI | 858,230 |
|
* * * *
INDEPENDENT DIRECTORS
|
| | |
| Number of Members Eligible to Vote | 761 |
|
| Number of Members Casting Votes | 324 |
|
| Total Eligible Votes for Each Directorship | 5,397,911 |
|
PUBLIC INTEREST DIRECTOR*
Votes
Received
|
| | | |
White, Gregory A. President & Chief Executive Officer Term Expires: December 31, 2017 (Four year term) | LEARN Charter Schools Chicago, IL | 2,202,904 |
|
* See attached for consumer or community interest represented by this public interest director-elect.
OTHER INDEPENDENT DIRECTOR
Votes
Received
|
| | | |
Eppli, Mark J. Interim James H. Keyes Dean of Business Administration/Robert B. Bell, Sr., Chair in Real Estate Term Expires: December 31, 2017 (Four year term) | Marquette University Milwaukee, WI | 2,314,889 |
|
Enclosed for your information is a complete list of the voting results for the Seventh District. Thank you for participating in this year's election process. Your contribution ensures sound representation on our board of directors for the mutual benefit of the Bank and its member-stockholders.
Sincerely,
/s/ Peter E. Gutzmer
Peter E. Gutzmer
Executive Vice President,
General Counsel &
Corporate Secretary
PEG:sck
Enclosure
FEDERAL HOME LOAN BANK OF CHICAGO
2013 INDEPENDENT DIRECTOR ELECTION
SUMMARY OF PUBLIC INTEREST DIRECTOR QUALIFICATIONS
PUBLIC INTEREST DIRECTOR
White, Gregory A.
President & CEO
LEARN Charter Schools
Gregory A. White has been the President and Chief Executive Officer for LEARN Charter Schools located in Chicago, Illinois, from 2008 to present. Mr. White was Vice President, Strategy and Operations, of The Chicago Community Trust, from 2006 to 2008. He was Co-Founder and Partner, Chicago Venture Partners, LP, from 1998 to 2006, and President, Corporate Advisory Services, from 1995 to 2006. Mr. White was also a Board Chairman of Learn Charter Schools for four years, a board Member for over ten years and Board Chairman of Lakefront Supportive Housing for three years, which merged into Mercy Housing, Inc., a giant in the affordable housing industry. As part of the board of directors for Lakefront Supportive Housing, the decision was made to merge with Mercy Housing, Inc. in order to grow the nationally recognized brand of supportive housing for homeless adults and families. He also served as Board Chairman, Citizens Advisory Board, Chicago Transit Authority, for three years.
Mr. White has served as a director of the Federal Home Loan Bank of Chicago since January, 2009, where he serves on the Public Policy and Human Resources and Compensation Committees. Mr. White also serves on Christ the King Jesuit College Prep High School and National Louis University.
Mr. White earned a Bachelor of Arts with Honors degree from Brown University, concentrating in Economics and Development Studies and his Master of Business Administration degree from Harvard Business School.
FEDERAL HOME LOAN BANK OF CHICAGO
RESULTS OF THE 2013 ELECTION OF FEDERAL
HOME LOAN BANK OF CHICAGO
MEMBER & INDEPENDENT DIRECTORS
ILLINOIS - MEMBER DIRECTOR RESULTS
|
| | | | | | |
| NAME | VOTES | DOCKET # | INSTITUTION | CITY |
| Clements, Alice | 143,600 |
| 55,179 |
| Consumers Cooperative Credit Union | Waukegan |
| Karibian, Michael P. | 290,454 |
| 15,512 |
| Midland States Bank | Effingham |
| Rosenbaum, Steven F.* | 1,263,346 |
| 691 |
| Prospect Federal Savings Bank | Worth |
| Total Number of Votes Cast | 1,697,400 |
| | | |
WISCONSIN - MEMBER DIRECTOR RESULTS
|
| | | | | | |
| NAME | VOTES | DOCKET # | INSTITUTION | CITY |
| Klockars, Robert W. | 102,061 |
| 16,861 |
| Walworth State Bank | Walworth |
| Locke, E. David* | 858,230 |
| 9,863 |
| McFarland State Bank | McFarland |
| Mucci, Robert A. | 52,673 |
| 17,605 |
| National Guardian Life Insurance Company | Madison |
| Total Number of Votes Cast | 1,012,964 |
| | | |
INDEPENDENT DIRECTOR RESULTS
|
| | | | |
| NAME | VOTES | COMPANY | CITY |
| Eppli, Mark J.* | 2,314,889 |
| Marquette University | Milwaukee |
White, Gregory A.* (Public Interest Director) | 2,202,904 |
| LEARN Charter Schools | Chicago |
| Total Number of Votes Cast | 4,517,793 |
| | |
* Elected to serve on the Board of Directors of the Federal Home Loan Bank of Chicago.
