433 West Van Buren Street, Suite 501S Chicago, Illinois 60607 312.565.5700 | fhlbc.com EXHIBIT 99.1 #5117300v1 Federal Home Loan Bank of Chicago 2022 Board of Directors Election Results October 24, 2022 The Federal Home Loan Bank of Chicago is pleased to announce the results of the 2022 election of Federal Home Loan Bank of Chicago member and independent directors for member institutions in Illinois and Wisconsin. The directors’ 4 year terms will begin on January 1, 2023 and end on December 31, 2026. Illinois – Two Seats Number of Members Eligible to Vote 439 Number of Members Casting Votes 209 Total Eligible Votes for Each Directorship 3,241,441 Candidate(s) Votes FHFA ID Jeffery A. Bonnett 608,609 13778 President and CEO The Havana National Bank Havana, Illinois Martin L. Davis 722,455 17264 President and CEO Murphy Wall State Bank and Trust Company Pinckneyville, Illinois Elected Betsy A. Johnson 851,226 14503 President and CEO Solutions Bank Forreston, Illinois Elected Michael G. O’Rourke 792,841 56070 President and CEO Signature Bank Chicago, Illinois Debra C. Reed, CPA 232,837 52882 Chief Financial Officer and VP of Finance NuMark Credit Union Joliet, Illinois Total Number of Votes Cast 3,207,968
October 24, 2022 Page 2 Wisconsin – One Seat Number of Members Eligible to Vote 236 Number of Members Casting Votes 129 Total Eligible Votes for Each Directorship 1,808,173 Candidate(s) FHFA ID Bradley J. Schroeder 542,505 10002 Chairman, President & CEO DMB Community Bank DeForest, Wisconsin Elected Ty R. Taylor 572,138 17663 President and CEO Waukesha State Bank Waukesha, Wisconsin Total Number of Votes Cast 1,114,643 Independent Director (Public Interest) – One Seat Number of Members Eligible to Vote 675 Number of Members Casting Votes 338 Total Eligible Votes for Each Directorship 5,049,614 Candidate(s) Votes Elected Kevin L. Newell 2,073,876 Chief Executive Officer Royal Capital Group Milwaukee, Wisconsin 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 FHLBank Chicago and its Member-stockholders. Sincerely, /s/ Laura Turnquest Laura Turnquest Executive Vice President, General Counsel & Corporate Secretary Enclosure Federal Home Loan Bank of Chicago
October 24, 2022 Page 3 2022 Independent Director Election Summary of Qualifications Public Interest Independent Director Kevin L. Newell CEO Royal Capital Group Kevin L. Newell is the founder of the Royal Capital Group and has served as CEO since 2010. Royal Capital is a real estate development firm focused on the creation of economic development and housing in the urban core. The company annually produces hundreds of new affordable housing units in Wisconsin while providing total wrap around services in the interest of the community. The organization has created family housing, senior housing, and supportive housing with services. As the CEO of the organization, Mr. Newell has lead the company’s efforts on business development, strategy, project management, and its investment profile. As the leader of the organization, he serves as an advocate and urban planner aligned with the aim to provide quality, safe, affordable housing that is in the interest of the community. Prior to founding Royal Capital, Newell spent three years in public finance where he led efforts to allocate over $200M in Federal and State resources as the Senior Underwriter and in the former he successfully managed over $100M in loan assets as the Asset Manager of the Risk Based Portfolio. Mr. Newell also serves on the Great Milwaukee Foundation Impact Investment Committee, the Guest House of Milwaukee, MLK Economic Development Corporation. Mr. Newell continues to be an active member of the Wisconsin Preservation Fund since 2017. He has a BBA and MBA graduate of the University of Wisconsin-Whitewater with an emphasis in Finance and Management, and an ACRE Alum at Marquette University. Kevin Newell has served on the Federal Home Loan Bank of Chicago Community Advisory Council since 2019.
