Exhibit 99.1
October 10, 2019
Re: | 2019 Michigan Member Director and District-Wide Independent Director Election Results |
Dear Member:
The Federal Home Loan Bank of Indianapolis (“FHLBank Indianapolis”) is pleased to announce the results of the 2019 Board of Directors election.
Independent Director District-Wide Election - 2 Directors
In the 2019, district-wide election, the members re-elected two (2) incumbent directors. Each of the directors shall serve a four-year term beginning on January 1, 2020 and ending on December 31, 2023.
Number of Indiana members eligible to vote | 166 | |
Number of Michigan members eligible to vote | 212 | |
Total members eligible to vote | 378 | |
Number of Indiana members casting votes | 67 | |
Number of Michigan members casting votes | 61 | |
Total members casting votes | 128 | |
Total eligible votes for each directorship | 4,952,784 |
Independent Director Elect | City, State | Votes Received |
Robert D. Long Retired Certified Public Accountant | Indianapolis, IN | 1,696,850 |
Christine Coady Narayanan* President/CEO Opportunity Resource Fund | Lansing, MI | 1,629,617 |
* Public interest directorship. Ms. Narayanan meets the requirements set forth in § 1261.7(e)(2) for public interest independent directors by virtue of her experience as President/CEO of Opportunity Resource Fund, a nonprofit community development financial institution serving low- and moderate-income borrowers, where she has served as President/CEO since 2004 and as Executive Director from 1997-2004.
Exhibit 99.1
Michigan - Elected Member Directors
As previously announced, the FHLBank Indianapolis received two (2) nominations for two (2) open Michigan member directorships. Pursuant to 12 CFR 1261.8(c), each nominee, identified below, was deemed elected without a vote of the Michigan members. The directors, one (1) incumbent and one (1) new director, shall each serve a four-year term beginning on January 1, 2020 and ending on December 31, 2023.
Member Director Elect | City, State | Votes Received |
Brian D.J. Boike EVP & Treasurer Flagstar Bank, FSB | Troy, Michigan | No election was conducted because only two certified nominations were received. |
Michael J. Manica Vice Chairman & Director United Bank of Michigan | Grand Rapids, Michigan | No election was conducted because only two certified nominations were received. |
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 Indianapolis and all of the members it serves.
Sincerely,
/s/ Matthew R. St. Louis
Matthew R. St. Louis
Vice President, Associate General Counsel and Corporate Secretary
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