Two New Public-Interest Directors Appointed to the Board of Directors
Contact: Eric Amig - 212 441-6807 |
March 4 , 2003 |
On January 29, 2003, the Federal Housing Finance Board, regulator of the 12 Federal Home Loan Banks, appointed Harold E. Doley, III, New York, New York and DeForest B. "Buster" Soaries, Franklin Park, NJ to the Board of Directors of the Federal Home Loan Bank of New York.
The two new public-interest directors, succeed Joseph F. Crangle, Esq., of Counsel, Collucci & Gallaher, PC and Derek Park, Ph.D., Managing Director, Cohane Rafferty LLC/Lehman Bros., Inc. whose terms expired on December 31, 2002.
Mr. Doley is president of The Lugano Group Incorporated, a member of the National Association of Securities Dealers, Inc., an organization that focuses on economic development and investment opportunities in the Caribbean Basin.
Since 1990, Mr. Soaries has been senior pastor of the First Baptist Church of Lincoln Gardens in Somerset, New Jersey, leading a congregation of 6,000 members. He has pioneered faith-based reform initiatives, including the creation of the First Baptist Community Development Corp., The Renaissance Community Credit Union and the CDC Properties and Housing Company.