Exhibit 99.1
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October 27, 2023
Re: 2023 District-Wide Independent Director and Michigan Member Director Election Results
Dear Member:
The Federal Home Loan Bank of Indianapolis (“FHLBank Indianapolis”) is pleased to announce the results of the 2023 Board of Directors election.
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Independent Director District-Wide Election – Two Directors
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In the 2023 district-wide election, the members elected two new public interest independent directors. The directors shall serve a four-year term beginning on January 1, 2024 and ending on December 31, 2027.
Number of Indiana members eligible to vote | 148 | ||||
Number of Michigan members eligible to vote | 198 | ||||
Total members eligible to vote | 346 | ||||
Number of Indiana members casting votes | 61 | ||||
Number of Michigan members casting votes | 103 | ||||
Total members casting votes | 164 | ||||
Total eligible votes for each directorship | 5,892,271 |
Independent Director Elect | City, State | Votes Received | ||||||
Anika Goss-Foster* CEO Detroit Future City | Detroit, Michigan | 2,701,122 | ||||||
Glenn Wilson* President and CEO Communities First, Inc. | Flint, Michigan | 2,647,503 |
*Elected
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October 27, 2023
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Michigan – Elected Member Director – Two Directors
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In the 2023 Michigan member directorship election, the Michigan members elected two new directors. The directors shall serve a four-year term beginning on January 1, 2024 and ending on December 31, 2027.
Number of Michigan members eligible to vote | 198 | ||||
Number of Michigan members casting votes | 148 | ||||
Total eligible votes for each directorship | 2,183,731 |
Member Director Elect | City, State | Votes Received | ||||||
Jacqueline (Jackie) Buchanan* President and CEO Genisys Credit Union (FHFA ID 13567) | Auburn Hills, Michigan | 822,792 | ||||||
William (Bill) Hufnagel President and CEO Dart Bank (FHFA ID 11837) | Mason, Michigan | 471,537 | ||||||
Kenneth Kelly Chairman and CEO First Independence Bank (FHFA ID 16107) | Detroit, Michigan | 403,599 | ||||||
Margaret (Peg) Lamb* Senior Vice President and Chief Risk Officer People Driven Credit Union (FHFA ID 55589) | Southfield, Michigan | 628,917 | ||||||
Michael Manica Vice Chair and Director, United Bank Financial Corp., the bank holding company of United Bank of Michigan (FHFA ID 13019) | Grand Rapids, Michigan | 232,649 | ||||||
Kelly Potes CEO ChoiceOne Bank (FHFA ID 10747) | Sparta, Michigan | 464,547 | ||||||
Robert Worthington Senior Vice President, Chief Risk Officer, Secretary and General Counsel Mercantile Bank (FHFA ID 16245) | Grand Rapids, Michigan | 416,988 |
*Elected
October 27, 2023
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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/ Lyndsay H. Miller
Lyndsay H. Miller
Assistant General Counsel and Corporate Secretary