EXHIBIT 99.1
November 9, 2016
VIA EMAIL
TO: Member Institutions in Illinois and Wisconsin
RE: Results of 2016 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 2016 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 none 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, 2017.
MEMBER DIRECTORS
Illinois - Two Member Director
|
| |
| Number of Members Eligible to Vote | 472 |
| Total Eligible Votes for Each Directorship | 2,727,689 |
|
| | |
Ashworth, James T. Vice Chairman Term Expires: December 31, 2020 (Four year term)
| CNB Bank & Trust, N.A. Carlinville, Illinois
| Declared Elected
|
Gross, Michelle L. Executive Vice President, Chief Operating Officer, Information Systems Officer and Director Term Expires: December 31, 2020 (Four year term) | State Bank of Bement Bement, Illinois | Declared Elected |
Wisconsin - One Member Director
|
| |
| Number of Members Eligible to Vote | 268 |
| Number of Members Casting Votes | 195 |
| Total Eligible Votes for Each Directorship | 1,090,377 |
|
| | |
| | | Votes Received |
Fazio III, Joseph Chairman & Chief Executive Officer Term Expires: December 31, 2020 (Four year term) | Commerce State Bank West Bend, Wisconsin | 376,360 |
* * * *
INDEPENDENT DIRECTORS
|
| |
| Number of Members Eligible to Vote | 740 |
| Number of Members Casting Votes | 341 |
| Total Eligible Votes for Each Directorship | 3,818,066 |
OTHER INDEPENDENT DIRECTOR
|
| | |
| | | Votes Received |
Cahillane, Mary J. Term Expires: December 31, 2020 (Four year term)
| Chicago, Illinois | 1,645,883 |
Scott, Lois Alison President Term Expires: December 31, 2019 (Three year term)
|
Epoch Advisors Chicago, Illinois |
1,600,305 |
Young, Charles D. Chief Operating Officer Term Expires: December 31, 2020 (Four year term) |
Colony Starwood Homes Chicago, Illinois |
1,607,509 |
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/ Laura Turnquest
Laura Turnquest
Executive Vice President,
General Counsel &
Corporate Secretary
Enclosure
FEDERAL HOME LOAN BANK OF CHICAGO
RESULTS OF THE 2016 ELECTION OF
MEMBER & INDEPENDENT DIRECTORS
ILLINOIS - MEMBER DIRECTOR RESULTS
|
| | | | |
| NAME | VOTES | DOCKET # | INSTITUTION | CITY |
| Ashworth, James T.* | Declared Elected | 10034 | CNB Bank & Trust, N.A. | Carlinville |
| Gross, Michelle L.* | Declared Elected | 55607 | State Bank of Bement | Bement |
WISCONSIN - MEMBER DIRECTOR RESULTS
|
| | | | |
| NAME | VOTES | DOCKET # | INSTITUTION | CITY |
| Fazio III, Joseph* | 376,360 | 54139 | Commerce State Bank | West Bend |
| Hegenbarth, James H. | 342,425 | 10183 | The Park Bank | Madison |
| Hladovcak, Kelly J. | 55,876 | 55481 | Valley Communities Credit Union | Mosinee |
| Mindak, Volala M. | 53,036 | 55383 | Park City Credit Union | Merrill |
| Total Number of Votes Cast | 827,697 | | | |
INDEPENDENT DIRECTOR RESULTS
|
| | | |
| NAME | VOTES | COMPANY | CITY |
| Cahillane, Mary J.* | 1,645,883 | -- | Chicago, IL |
| Scott, Lois Alison* | 1,600,305 | Epoch Advisors | Chicago, IL |
| Young, Charles D.* | 1,607,509 | Colony Starwood Homes | Chicago, IL |
| Total Number of Votes Cast | 4,853,697 | | |
* Elected to serve on the Board of Directors of the Federal Home Loan Bank of Chicago.
