November 18, 2014
Re: 2014 Michigan Member Director and District-Wide Independent Director Election Results
Dear Michigan Shareholder:
The Federal Home Loan Bank of Indianapolis is pleased to announce the results of the 2014 Michigan member director election. The new directors’ terms will begin on January 1, 2015, and end on December 31, 2018.
Michigan - Two Member Directors
| Number of members eligible to vote | 220 | ||||||
| Total members casting votes | 94 | ||||||
| Total eligible votes for each directorship | 1,986,918 | ||||||
Member Director Candidates | City, State | Term Ends | Votes Received | ||||
| Dennis Klaeser CFO Talmer Bank & Trust | Troy, MI | 170,732 | |||||
*James D. MacPhee CEO & Director Kalamazoo County State Bank | Schoolcraft, MI | December 31, 2018 | 479,942 | ||||
| Michael J. Manica President & CEO United Bank of Michigan | Grand Rapids, MI | 468,663 | |||||
*Thomas R. Sullivan Vice Chairman & Director Mercantile Bank of Michigan | Grand Rapids, MI | December 31, 2018 | 516,017 | ||||
*Elected
The Federal Home Loan Bank of Indianapolis is pleased to announce the results of the 2014 district-wide election of an independent director. The independent director’s term will also begin on January 1, 2015, and end on December 31, 2018.
Independent Director District-Wide Election - One Director
| Number of Indiana members eligible to vote | 184 | |
| Number of Michigan members eligible to vote | 220 | |
| Total members eligible to vote | 404 | |
| Number of Indiana members casting votes | 78 | |
| Number of Michigan members casting votes | 80 | |
| Total members casting votes | 158 | |
| Total eligible votes for each directorship | 4,326,863 | |
| Independent Director Candidate | City, State | Term Ends | Votes Received |
*Larry A. Swank CEO & Chairman Sterling Group, Inc. | Mishawaka, IN | December 31, 2018 | 1,837,223 |
*Elected
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 all of the shareholders it serves.
Sincerely,
Kania D. Warbington
Corporate Secretary
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