Federal Home Loan Bank of Chicago Announces Board of Directors' Changes and Leadership

CHICAGO, Jan. 10, 2012 /PRNewswire/ -- The Federal Home Loan Bank of Chicago (Bank) is pleased to announce that Diane M. Aigotti and Edward P. Brady have been re-elected and Owen E. Beacom has been newly elected to the Bank's Board of Directors. In other action, the Board has appointed Mary Cahillane and Mark J. Eppli to fill two vacant directorships. The Board also announced that Thomas L. Herlache will serve as Chairman and Steven F. Rosenbaum will serve as Vice Chairman of the Board for 2012-2013.

"The mix of new and returning professionals to the Board is exciting as we build on our recent successes and plan for a profitable future focused on our members," said Matt Feldman, President and CEO of the Federal Home Loan Bank of Chicago.

The Board is comprised of a combination of industry directors elected by the Bank's member institutions in Illinois and Wisconsin (referred to as member directors) on a state-by-state basis and independent directors elected by a plurality of the Bank's members (referred to as independent directors).

• Ms. Aigotti serves as an independent director. She is Managing Director and Chief Financial Officer for the Ryan Specialty Group in Chicago.
• Mr. Brady serves as an independent director. He is President of Brady Homes in Bloomington, Illinois.
• Mr. Beacom serves as a member director. He is Managing Director and Chief Lending Officer at First Bank & Trust, Evanston, Illinois.

The above directors' terms are for four years, and they began on January 1, 2012.

• Ms. Cahillane serves as an independent director. She is the Vice President of Finance and Investments for The Spencer Foundation in Chicago. Her term expires December 31, 2012.
• Professor Eppli serves as an independent director. He is Professor of Finance and Robert B. Bell, Sr., Chair in Real Estate at Marquette University, where he also serves as Director of the Center for Real Estate. His term expires December 31, 2013.

About the Federal Home Loan Bank of Chicago

The Federal Home Loan Bank of Chicago is a $73 billion wholesale bank serving the needs of member housing finance institutions located in Illinois and Wisconsin. Our mission is to partner with our member shareholders to provide them competitively priced funding, a reasonable return on their investment, and support for community investment activities.

The U.S. Congress created the Federal Home Loan Bank System, which includes 12 Federal Home Loan Banks, in 1932 to promote housing finance, but the Banks are wholly owned by their member institutions.

SOURCE Federal Home Loan Bank of Chicago

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