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| 8-K - LIVE FILING - Federal Home Loan Bank of Cincinnati | htm_39793.htm |
NewsLine
November 18, 2010
TO ALL MEMBERS:
BOARD OF DIRECTORS ELECTION RESULTS ANNOUNCED
At its November 18 meeting, the Board of Directors of the Federal Home Loan Bank of Cincinnati ratified the results of the 2010 Member and Independent Director Elections. All terms commence January 1, 2011 and end December 31, 2014. We are pleased to announce the election results.
Member director elections were held to fill one seat in Ohio and two seats in Tennessee. In Ohio, incumbent director James R. DeRoberts has been re-elected to serve his second term on the Board. In Tennessee, James A. England and William S. Stuard Jr. were newly elected to the Board.
In the at-large election of two Independent directors, incumbent directors Charles J. Koch and Carl F. Wick were elected to the Board. Both Mr. Koch and Mr. Wick received more than the minimum 20 percent of eligible votes and possess financial and management qualifications, in accordance with Federal Housing Finance Agency regulations. Neither seat is a Public Interest directorship.
MEMBER DIRECTOR ELECTION RESULTS
Ohio – 1 elected seat
Number of members eligible to vote: |
311 | |||
Number of members voting: |
180 | |||
Total eligible votes per candidate: |
3,260,041 | |||
Actual votes cast |
1,942,421 |
James R. DeRoberts
Chairman and Chief Executive Officer
The Arlington Bank, Upper Arlington, Ohio
Total Votes: 1,518,321
Shon B. Myers
Chairman, President, and Chief Executive Officer
Farmers & Merchants Bank, Miamisburg, Ohio
Total Votes: 421,950
Tennessee – 2 elected seats
Number of members eligible to vote: |
206 | |||
Number of members voting: |
139 | |||
Total eligible votes per candidate: |
1,416,637 | |||
Actual votes cast |
937,123 |
James A. England
Chairman, President, and Chief Executive Officer
Decatur County Bank, Decaturville, Tennessee
Total Votes: 669,833
William S. Stuard Jr.
President and Chief Executive Officer
F&M Bank, Clarksville, Tennessee
Total Votes: 443,847
George L. Atwood
Chairman and Chief Executive Officer
Farmers & Merchants Bank, Trezevant, Tennessee
Total Votes: 317,159
Spencer A. Pratt
Vice President, Business Development
Leaders Credit Union, Jackson, Tennessee
Total Votes: 139,107
R. Craig Holley
Chairman, President, and Chief Financial Officer
CapitalMark Bank, Chattanooga, Tennessee
Total Votes: 129,130
INDEPENDENT DIRECTOR ELECTION RESULTS
Districtwide – 2 elected seats
Number of members eligible to vote: |
735 | |||
Number of members voting: |
337 | |||
Total eligible votes per candidate: |
5,738,609 | |||
Actual votes cast |
2,731,354 |
Charles J. Koch
Principal/Owner, Lakehurst Associates
Bratenahl, Ohio
Total Votes: 2,527,646, or 44 percent of votes eligible to be cast
Carl F. Wick
Principal and Owner, Wick and Associates Business Consulting
Centerville, Ohio
Total Votes: 2,433,404, or 42 percent of votes eligible to be cast
On behalf of the Board and staff, I would like to congratulate our new and returning Directors.
David H. Hehman
President and CEO