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| 8-K - FEDERAL HOME LOAN BANK OF NEW YORK - Federal Home Loan Bank of New York | form_8-k.htm |
2020 Director Election Report
November 10, 2020
Dear Stockholder:
The Federal Home Loan Bank of New York (“FHLBNY”) is
pleased to announce that Ms. Danelle M. Barrett, Mr. Thomas J.
Kemly, Mr. Charles E. Kilbourne, III, Mr. Kenneth J. Mahon and Mr.
Stephen S. Romaine were elected to serve on the Board of Directors
(“Board”) of the FHLBNY commencing on January 1, 2021.
Specific details follow below.
1. Mr.
Kemly, President, CEO and Director, Columbia Bank, Fair Lawn, NJ,
was elected by the FHLBNY’s eligible New Jersey members on
November 4, 2020 to serve on the FHLBNY’s Board as a Member
Director representing New Jersey for a four- year term of office
commencing on January 1, 2021.
A total of 95 FHLBNY members in New Jersey were eligible to vote in
this election. Of this number, 44 members voted, representing
46.32% of total eligible voting participants. The total number of
eligible votes that could be cast for the open New Jersey Member
Directorship was 2,832,233. Mr. Kemly received 1,445,423
votes.
In addition, Mr. Thomas Considine, Director, Lincoln 1st Bank, Pine
Brook, NJ, Mr. Douglas R. Simpson, Senior Vice President and CFO,
Horizon Healthcare Services, Inc., Newark, NJ, and Mr. Ernest D.
Huggard, President and CEO, South Jersey Federal Credit Union,
Deptford, NJ, were on the ballot; they received 173,835, 41,488,
and 38,897 votes, respectively.
2. Mr.
Mahon, CEO and Director, Dime Community Bank, Brooklyn, NY, and Mr.
Romaine, Chairman, Tompkins Trust Company, Ithaca, NY, were both
re-elected by the FHLBNY’s eligible New York members on
November 4, 2020 to serve on the FHLBNY’s Board as Member
Directors representing New York for four year terms of office each
commencing on January 1, 2021. Mr. Mahon and Mr. Romaine both
currently serve on the FHLBNY’s Board; their terms expire on
December 31, 2020.
A total of 224 FHLBNY members in New York were eligible to vote in
this election. Of this number, 70 members voted, representing
31.25% of total eligible voting participants. The total number of
eligible votes that could be cast for each of the two open New York
Member Directorships was 9,737,552. Mr. Romaine received 3,794,702
votes and Mr. Mahon received 3,273,017 votes.
In addition, Mr. John M. Tolomer, President and CEO, The
Westchester Bank, White Plains, NY, was on the ballot; he received
1,327,835 votes.
3. Eligible
members throughout the FHLBNY’s membership district (New
York, New Jersey, Puerto Rico and the U.S. Virgin Islands) on
November 4, 2020 re-elected Mr. Kilbourne, Managing Director,
Financial Services Volunteer Corps, New York, NY, and elected Rear
Admiral Barrett, USN (Ret.), to serve as, respectively, a Public
Interest Independent Director and an Independent Director on the
FHLBNY’s Board for four year terms of office that each
commence on January 1, 2021. Mr. Kilbourne currently serves on the
FHLBNY’s Board; his term expires on December 31,
2020.
A total of 327 FHLBNY members were eligible to vote in this
election. Of this number, 108 members voted, representing 33.03% of
total eligible voting participants. The total number of eligible
votes that could be cast for each of the two open Independent
Directorships was 12,879,566. To be elected as an Independent
Director, each candidate needed to receive at least 20 percent of
the total number of eligible votes, and this threshold was passed
by both candidates:
●
Mr. Kilbourne received 5,496,967
votes, representing
42.68%
of the total number of eligible votes.
●
Ms. Barrett received 5,475,829
votes, representing
42.52%
of the total number of eligible votes.
Biographical information provided by each of the five Directors
elected in 2020 to serve on the Board commencing on January 1, 2021
is included below for your information.
Thank you for participating in this year’s director election
process, which was our second electronic election. Your
contribution helps ensure sound and diverse representation on our
Board of Directors for the mutual benefit of the FHLBNY and all the
stockholders the FHLBNY serves.
Sincerely,
/s/
José R. González
President and Chief Executive Officer
BIOGRAPHICAL INFORMATION REGARDING
FEDERAL HOME LOAN BANK OF NEW YORK DIRECTORS
WITH TERMS COMMENCING JANUARY 1, 2021
Rear Admiral Barrett, USN (Ret.) was
born in Buffalo, New York and is a 1989 graduate of Boston
University with a Bachelor of Arts in History where she received
her commission as an officer from the U. S. Naval Reserve Officer
Training Corps in a ceremony aboard the USS Constitution. She holds
Masters of Arts in Management from Webster University, National
Security Strategic Studies from the U.S. Naval War College, and
Human Resources Development from Webster University. She also
earned a Master of Science in Information Management from Syracuse
University. As an admiral, Danelle served as Director of Current
Operations at U.S. Cyber Command, and assumed duties in 2017 as the
Navy Cyber Security Division Director and Deputy Chief Information
Officer on the Chief of Naval Operations staff. In her last
position in the U.S. Navy, she led the Navy’s strategic
development and execution of digital and cyber security efforts,
enterprise information technology improvements and cloud policy and
governance for 700,000 personnel across a global network. An
innovator, she implemented visionary digital transformation to
modernize with unprecedented speed, significantly improving Navy
Information Warfare capabilities. Ms. Barrett’s other tours
of duty include assignments as Commanding Officer, Naval Computer
and Telecommunications Area Master Station Atlantic where she
directly led the largest telecommunications station in the Navy
with responsibility for 2,700 people in 15 subordinate
organizations worldwide; Chief of Staff, Navy Information Forces
Command, U.S. Naval Forces Central Command/U.S. 5th Fleet and 2nd
Fleet, Carrier Strike Group 2 and Carrier Strike Group 12 which
included deployments in support of Operations Enduring Freedom in
Afghanistan and Unified Response in Haiti, MultiNational Forces
Iraq; Naval Computer and Telecommunications Stations in
Jacksonville and Puerto Rico and Standing Joint Force Headquarters
United States Pacific Command. She currently executes a portfolio
of work that includes consulting, public speaking, and writing. She
is an independent director on the boards of KVH Industries and the
Protego Trust Company, and is on several advisory boards for other
organizations. Her personal awards include Defense Superior Service
Medal and other military decorations, Federal 100 winner 2010;
Armed Forces Communications and Electronics Association Women in
Leadership Award 2014; Women in Technology Leadership Award 2017
and the Executive Women’s Forum Women of Influence Award
2019. Ms. Barrett earned the National Defense University Chief
Information Officer and Information Security certifications and has
published 35 articles.
Mr.
Kemly was appointed President and Chief Executive Officer of
FHLBNY member Columbia Bank, effective December 31, 2011. Prior to
his appointment, he held various positions at the bank including
Controller, Senior Vice President, Chief Financial Officer, Senior
Executive Vice President, Chief Administrative Officer and Senior
Executive Vice President, Chief Operating Officer. Mr. Kemly joined
Columbia Bank’s Board of Directors in 2006 and the Columbia
Bank Foundation’s Board of Directors upon inception in 2004.
He was named Chairman of the Columbia Bank Foundation in 2012. With
nearly 40 years of experience, Mr. Kemly has served as an active
member of the banking industry. He has held several leadership
positions including Chairman and Board Member of the New Jersey
Bankers Association, Board Member of the Bankers Cooperative Group,
Board Member of the New Jersey Bankers Charitable Foundation,
President of the Financial Managers Society for the New York and
New Jersey Chapter, and was a member of the OCC Mutual Savings
Association Advisory Committee. He presently serves as the
President of Northern New Jersey Community Bankers and is a Board
Member for the Commerce and Industry Association of New Jersey. As
an active member of the local community, Mr. Kemly has expanded
Columbia Bank’s volunteering initiative “Team
Columbia”, which encourages employees to volunteer their time
and give back to those in need. In conjunction with Columbia
Bank’s IPO in 2018, he grew the Columbia Bank Foundation to
one of the largest private giving Foundations in the state of New
Jersey. Mr. Kemly has been formally recognized for his continued
support by organizations including New Bridge Services, the Boys
and Girls Club of Paterson, and the Passaic Community College
Foundation. He previously served on the Board of Directors for New
Bridge Services. Mr. Kemly holds Bachelor’s degrees in
Business Administration and Psychology from Trenton State College
and an MBA in Finance from Fordham University.
Mr.
Kilbourne is a Managing Director of the Financial Services
Volunteer Corps (FSVC), a not-for-profit, private-public
partnership that helps to build sound financial systems in
transition and emerging market countries. As a member of
FSVC’s executive management team, he has extensive experience
working to strengthen central banking capabilities, and to develop
commercial banking systems and securities markets. Mr. Kilbourne is
an officer of FSVC serving as Secretary of the Corporation. Mr.
Kilbourne previously served as Senior Advisor to the Commissioner
of New York State Homes and Community Renewal, and later as Vice
President of the Financial Services Forum, a public-policy
organization composed of CEOs from the largest, most diversified
financial services institutions based in the United States. Mr.
Kilbourne is a Trustee of the Wright Family Foundation in
Schenectady, New York, and serves on the Board of Directors of the
Boys and Girls Clubs of Schenectady. He is the President of the
Board of Directors of Better Community Neighborhoods, Inc. based in
Schenectady. He is a member of the Council on Foreign Relations.
Mr. Kilbourne holds a Bachelor’s degree in Political Science
from Tufts University, and a Master’s degree in International
Affairs from Georgetown University. Mr. Kilbourne currently serves
on the Board of the FHLBNY.
Mr.
Mahon has been the CEO of Dime Community Bancshares (the
“Company”) since January 1, 2017. He joined subsidiary
and FHLBNY member Dime Community Bank (“the Bank”) in
1980, where he has been a director of the Bank since 1998, and a
director of the Company since 2002. Mr. Mahon served as the
Bank’s Senior Vice President and Comptroller, prior to being
elevated to Executive Vice President and Chief Financial Officer of
the Company and Bank in 1997. He has also served as the
Bank’s Senior Executive Vice President and Chief Operating
Officer from February 2014 to January 2016, prior to being elevated
to the Bank’s President (a title he held through earlier in
2020) and CEO. He currently serves as a board member of the
Committee for Hispanic Children and Families (“CHCF”),
and was formerly a director of Southside United HDFC (“Los
Sures”) a community support organization in Williamsburg,
Brooklyn, and Brooklyn Legal Services Corporation A, a non-profit
which provides legal services for low income families in Brooklyn.
Mr. Mahon is a member of the National Association of Corporate
Directors. Mr. Mahon currently serves on the Board of the
FHLBNY.
Mr.
Romaine has served as Chairman of FHLBNY member Tompkins
Trust Company (“TTC”) since May 2014 and as a Director,
President and Chief Executive Officer of TTC’s holding
company, Tompkins Financial Corporation (“TFC”), since
January 1, 2007. He had previously served as President and Chief
Executive Officer of Bank member Mahopac Bank from January 1, 2003
through December 31, 2006. Prior to that appointment, Mr. Romaine
was Executive Vice President and Chief Financial Officer of Mahopac
National Bank. In addition to his service with TTC and TFC, Mr.
Romaine serves as a director on the boards of TTC affiliates and
Bank members Mahopac Bank and The Bank of Castile. Mr. Romaine
currently serves on the Board of the New York Bankers Association,
and served as its Chairman from March 2016 through March 2017. His
civic involvement includes service as a member of the Board of
Directors of the Ithaca Aviation Heritage Foundation and the
Tompkins Cortland Community College Foundation. Mr. Romaine currently serves on the
Board of the FHLBNY.