FHLB Dallas Announces New Board Chairman and Vice Chairman
IRVING, Texas, Jan. 7, 2015 /PRNewswire-USNewswire/ -- The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce the election of Joseph F. Quinlan, Jr. as Chairman and R. Michael Rigby as Vice Chairman of FHLB Dallas' Board of Directors (Board).
Mr. Quinlan is chairman of First National Bankers Bank in Baton Rouge, Louisiana, and Chairman, President, and Chief Executive Officer of its privately held holding company, First National Bankers Bankshares, Inc. He has served on FHLB Dallas' Board since May 2008, most recently serving as Chairman of the Board's Risk Management Committee.
"FHLB Dallas serves in a vital role as a trustworthy provider of liquidity and economic development funding across its five-state District," said Mr. Quinlan. "As Chairman, I welcome this opportunity to lead the Board and work with the executive management team as FHLB Dallas continues to place significant emphasis on meeting the needs of its members."
Mr. Rigby is Market President of Liberty Bank in North Richland Hills, Texas, and has served in that capacity since August 2008. Mr. Rigby has served on FHLB Dallas' Board since 2010, most recently serving as Vice Chairman of the Risk Management and the Compensation and Human Resources Committees.
"Having served on the Board for five years, I am honored to now have the opportunity to serve as its Vice Chairman," said Mr. Rigby. "I appreciate the confidence shown by the Texas member institutions that elected me to the Board, as well as the support of my fellow Board members in electing me to this position. FHLB Dallas is a great organization, dedicated to serving its members, and I am proud to be a part of it."
With this announcement, FHLB Dallas also extends sincere appreciation to former Board Chairman Jimmy Clayton, whose decade of service as a member Director and most recently as Chairman, has provided insightful leadership and service to the membership. As well, FHLB Dallas would like to express its gratitude to Mary Ceverha for her counsel and contributions as Board Vice Chairman. Her term as Vice Chairman ended December 31, 2014, but she will continue to serve as a Board member.
"Mr. Quinlan and Mr. Rigby are community banking leaders who have made great contributions to the Board over the years, and in doing so supported the furtherance of FHLB Dallas' mission to meet member liquidity and funding needs," said FHLB Dallas President and CEO Sanjay Bhasin. "We are fortunate to have them at the helm of the Board."
About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $37.5 billion as of September 30, 2014, is a member-owned cooperative that supports housing and community development by providing competitively priced advances and other credit products to approximately 900 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas.
Contact:
Corporate Communications
Federal Home Loan Bank of Dallas
www.fhlb.com
(214) 441-8445
SOURCE Federal Home Loan Bank of Dallas
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