EXHIBIT 99.1
November 8, 2019
VIA EMAIL
TO: Member Institutions in Illinois and Wisconsin
RE: Results of 2019 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 2019 election of Federal Home Loan Bank of Chicago member and independent directors for member institutions in Illinois and Wisconsin. The directors’ terms will begin on January 1, 2020.
MEMBER DIRECTORS
Illinois - One Member Director
|
| |
| Number of Members Eligible to Vote | 458 |
| Number of Members Casting Votes | 226 |
| Total Eligible Votes for Each Directorship | 3,337,780 |
|
| | |
| | | Votes Received |
Loundy, David J. Chairman and CEO Devon Bank Term Expires: December 31, 2023 (Four year term) | Chicago, Illinois | 813,360 |
Wisconsin - One Member Director
|
| |
| Number of Members Eligible to Vote | 247 |
| Number of Members Casting Votes | 130 |
| Total Eligible Votes for Each Directorship | 1,491,228 |
|
| | |
| | | Votes Received |
Reinke, John K. Chairman, Board of Directors The Stephenson National Bank & Trust Term Expires: December 31, 2023 (Four year term) | Marinette, Wisconsin | 645,230 |
* * * *
INDEPENDENT DIRECTOR
|
| |
| Number of Members Eligible to Vote | 705 |
| Number of Members Casting Votes | 300 |
| Total Eligible Votes for Each Directorship | 4,829,008 |
|
| | |
| | | Votes Received |
Brady, Edward P. President and CEO Home Builders Institute (HBI) Term Expires: December 31, 2023 (Four year term) | Bloomington, Illinois | 1,975,222 |
| | | |
Lockett, Phyllis Founder and CEO LEAP Innovations Term Expires: December 31, 2023 (four year term) | Chicago, Illinois | 1,784,455 |
| | | |
Scott, Lois A. President Epoch Advisors Term Expires: December 31, 2023 (four year term) | Chicago, Illinois | 1,853,270 |
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 M. Turnquest
Laura M. Turnquest
Executive Vice President,
General Counsel &
Corporate Secretary
Enclosure
FEDERAL HOME LOAN BANK OF CHICAGO
RESULTS OF THE 2019 ELECTION OF MEMBER & INDEPENDENT DIRECTORS
ILLINOIS - MEMBER DIRECTOR RESULTS
|
| | | | |
| NAME | VOTES | FHFA ID | CITY | INSTITUTION |
| Cleven, Dane H. | 327,381 | 02470 | Chicago | Community Savings Bank |
| Davis, Martin (Marty), L. | 457,425 | 17264 | Pinckneyville | Murphy-Wall State Bank and Trust |
| Karibian, Michael P. | 174,644 | 15512 | Effingham | Midland States Bancorp, Inc. |
| Loundy, David J.* | 813,360 | 53194 | Chicago | Devon Bank |
| Total Number of Votes Cast | 1,772,810 | | | |
WISCONSIN - MEMBER DIRECTOR RESULTS
|
| | | | |
| NAME | VOTES | FHFA ID | CITY | INSTITUTION |
| Reinke, John K.* | 645,230 | 13,399 | Marinette | The Stephenson National Bank & Trust |
| Schroeder, Bradley | 232,201 | 10,002 | Deforest | DMB Community Bank |
| Total Number of Votes Cast | 877,431 | | | |
INDEPENDENT DIRECTOR RESULTS
|
| | | |
| NAME | VOTES | CITY | INSTITUTION |
| Brady, Edward P.* | 1,975,222 | Bloomington | Home Builders Institute (HBI) |
| Lockett, Phyllis * | 1,784,455 | Chicago | LEAP Innovations |
| Scott, Lois A. * | 1,853,270 | Chicago | Epoch Advisors |
* Elected to serve on the Board of Directors of the Federal Home Loan Bank of Chicago.
