FHLBNY Announces Board Election Results
Doherty, Florio and Lindstrom Elected To Board
Contact: Eric Amig - 212 441-6807 |
November 10 , 2005 |
New York, New York -- The Federal Home Loan Bank of New York (FHLBNY) is pleased to announce the results of the 2005 election for the FHLBNY’s Board of Directors. Three directors were elected and each will serve a three-year term that will begin January 1, 2006. The three directors are:
Harry P. Doherty, Vice Chairman of Independence Community Bank, Brooklyn, New York, was re-elected to the Board of Directors of the Federal Home Loan Bank of New York. Mr. Doherty was first elected to the Board in October 2000.
Carl A. Florio, Eastern Regional President of First Niagara Bank of Lockport, New York, has been elected to the Board of Directors of the Federal Home Loan Bank of New York. This will be his first term.
David W. Lindstrom, President and Chief Executive Officer of Franklin Savings Bank, SLA, Pilesgrove, New Jersey, has been re-elected to the Board of Directors of the Federal Home Loan Bank. Mr. Lindstrom was first elected to the Board in 2003.
The FHLBNY is an $83 billion, congressionally chartered, wholesale bank. It is part of the FHLBank System, a national wholesale banking network of 12 regional, stockholder-owned banks. The FHLBNY serves 304 community lenders in New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands. The mission of the FHLBNY is to advance housing opportunity and local community development by maximizing the capacity of community-based member-lenders to serve their markets.
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