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| 8-K - 8-K - Federal Home Loan Bank of Chicago | november1320148-kxdirector.htm |
EXHIBIT 99.1
November 13, 2014
VIA EMAIL
TO: Member Institutions in Illinois and Wisconsin
RE: Results of 2014 Election of Federal Home Loan Bank of Chicago
Member and Independent Directors
The Federal Home Loan Bank of Chicago is pleased to announce the results of the 2014 election of Federal Home Loan Bank member and independent directors for member institutions in Illinois and Wisconsin. Please note that the Board of Directors had designated two public interest directors and one of the current public interest directors’ terms of service had expired and was up for re-election. The directors’ terms will begin on January 1, 2015.
MEMBER DIRECTORS
Illinois - Two Member Director
Number of Members Eligible to Vote | 486 |
Number of Members Casting Votes | 262 |
Total Eligible Votes for Each Directorship | 3,886,769 |
Votes Received | ||
Pirsein, David R. President & Chief Executive Officer Term Expires: December 31, 2018 (Four year term) | First National Bank in Pinckneyville Pinckneyville, IL | 1,279,399 |
Steelman, Michael G. Chairman & Chief Executive Officer Term Expires: December 31, 2018 (Four year term) | Farmers and Merchants State Bank of Bushnell Bushnell, IL | 1,533,225 |
Wisconsin - One Member Director
Number of Members Eligible to Vote | 271 |
Number of Members Casting Votes | 160 |
Total Eligible Votes for Each Directorship | 1,802,481 |
Sennholz, William W. President & Chief Executive Officer Term Expires: December 31, 2018 (Four year term) | Forward Financial Bank Marshfield, WI | 576,789 |
* * * *
INDEPENDENT DIRECTORS
Number of Members Eligible to Vote | 757 |
Number of Members Casting Votes | 331 |
Total Eligible Votes for Each Directorship | 5,689,250 |
PUBLIC INTEREST DIRECTOR*
Votes Received | ||
Ries, Leo J. President & Chief Executive Officer Term Expires: December 31, 2018 (Four year term) | Local Initiatives Support Corporation Milwaukee, WI | 2,536,333 |
* | See attached for consumer or community interest represented by this public interest director-elect. |
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Enclosed for your information is a complete list of the voting results for the Seventh District. 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 Bank and its member-stockholders.
Sincerely,
/s/ Peter E. Gutzmer
Peter E. Gutzmer
Executive Vice President,
General Counsel &
Corporate Secretary
PEG:sck
Enclosure
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FEDERAL HOME LOAN BANK OF CHICAGO
2014 INDEPENDENT DIRECTOR ELECTION
SUMMARY OF PUBLIC INTEREST DIRECTOR QUALIFICATIONS
PUBLIC INTEREST DIRECTOR
Ries, Leo J.
Executive Director
Local Initiatives Support Corporation (LISC)
Leo J. Ries has been the Executive Director of Local Initiatives Support Corporation (LISC) in Milwaukee, Wisconsin, since 2000. Mr. Ries was a private consultant for profit and nonprofit corporations from 1999 to 2000. He also was Deputy Commissioner for the City of Milwaukee in the Department of Neighborhood Services in 1999 and Director of the Housing and Neighborhood Development Division from 1992 to 1998. Mr. Ries served on the Board of Directors of the Neighborhood Improvement Development Corporation from 1992 to 1999, Select Milwaukee, Inc., from 1996 to 2000, Walker's Point Development Corporation from 1999 to 2000 and Canticle Court/Juniper Court from 1999 to 2000. The Board nominated Mr. Ries to serve as an independent director based on his experience representing community interests in housing, as indicated by his background.
Mr. Ries serves on the following Board committees of the Federal Home Loan Bank of Chicago: Affordable Housing (Vice Chairman) and Operations & Technology.
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FEDERAL HOME LOAN BANK OF CHICAGO
RESULTS OF THE 2014 ELECTION OF FEDERAL
HOME LOAN BANK OF CHICAGO
MEMBER & INDEPENDENT DIRECTORS
ILLINOIS - MEMBER DIRECTOR RESULTS
NAME | VOTES | DOCKET # | INSTITUTION | CITY |
Hackett, Darrel H. | 274,453 | 53496 | BMO Harris Bank | Chicago |
Pirsein, David R.* | 1,279,399 | 14569 | First National Bank in Pinckneyville | Pinckneyville |
Ponicki, Charles J. | 236,052 | 12767 | CIBM Bank | Champaign |
Steelman, Michael G.* | 1,533,225 | 13394 | Farmers and Merchants State Bank of Bushnell | Bushnell |
Total Number of Votes Cast | 3,323,129 | |||
WISCONSIN - MEMBER DIRECTOR RESULTS
NAME | VOTES | DOCKET # | INSTITUTION | CITY |
Koch, Garland W. | 47,445 | 53779 | Marine Credit Union | La Crosse |
Mindak, Volala M. | 119,656 | 55383 | Park City Credit Union | Merrill |
Schaefer, Edward H. | 148,757 | 52130 | Citizens Community Federal | Eau Claire |
Sennholz, William W.* | 576,789 | 01781 | Forward Financial Bank | Marshfield |
Sitter, J. Scott | 222,615 | 55324 | Choice Bank | Oshkosh |
Total Number of Votes Cast | 1,115,262 | |||
INDEPENDENT DIRECTOR RESULTS
NAME | VOTES | COMPANY | CITY |
Ries, Leo J.* | 2,536,333 | Local Initiatives Support Corporation | Milwaukee |
Total Number of Votes Cast | 2,536,333 | ||
* Elected to serve on the Board of Directors of the Federal Home Loan Bank of Chicago.