FHLB Des Moines, FHLB Seattle finalize merger

FHLB Des Moines, FHLB Seattle finalize merger

DES MOINES, Iowa and SEATTLE, July 31, 2014 (GLOBE NEWSWIRE) – The Federal Home Loan Bank of Des Moines (FHLB Des Moines) and the Federal Home Loan Bank of seattle (fhlb seattle) announced today that they have entered into an exclusivity arrangement regarding a potential merger of the two Banks. A.

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DES MOINES, Iowa, April 18, 2016 (GLOBE NEWSWIRE) — On April 14, 2016, the Federal Home Loan Bank of Des Moines (FHLB Des Moines) Board of Directors approved an Executive Transition Plan (the “Plan”). Following Board and regulatory approval of the Plan, Michael L. Wilson assumed the role of.

 · DES MOINES, Iowa (9/26/14)–The Federal Home Loan Banks (FHLB) of Des Moines and Seattle have agreed to merge, according to a joint announcement Thursday. The merger has been unanimously approved by their boards.

Statement of FHFA Director Melvin L. Watt on FHLB Seattle and FHLB Des Moines Merger Agreement. FHFA views the merger agreement approved by the boards of the Federal Home Loan Bank of Seattle and the Federal Home Loan Bank of Des Moines positively.

Part 1: What are the Federal Home Loan Banks? The merger closed on May 31, 2015, and today is the first day that the two Banks are operational as one Bank. "We are pleased to have finalized this merger with overwhelming support from our members," commented Dick Swanson, FHLB Des Moines chief executive officer.

 · Statement of FHFA Director Melvin L. Watt on FHLB Seattle and FHLB Des Moines Merger Agreement. FHFA views the merger agreement approved by the boards of the Federal Home Loan Bank of Seattle and the Federal Home Loan Bank of Des Moines positively.

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Map of FHLB territories since the merger of the Seattle and Des Moines banks in 2015. The Federal Home Loan Banks ( FHLBanks , or FHLBank System ) are 11 U.S. government-sponsored banks that provide reliable liquidity to member financial institutions (not individuals) to support housing finance and community investment.

DES MOINES, Iowa (9/26/14)–The Federal Home Loan Banks (FHLB) of Des Moines and Seattle have agreed to merge, according to a joint announcement Thursday. The merger has been unanimously approved by their boards.

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