DALLAS, Sept. 23, 2013 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Dallas (Bank) today announced that its Board of Directors has named Paul Joiner Interim President and Chief Executive Officer, succeeding Terry Smith. Mr. Smith notified the Bank's Board of Directors of his resignation on September 23.
Mr. Joiner has served as Senior Vice President and Chief Strategy Officer of the Bank since June 2007, responsible for corporate planning, financial forecasting and research. Mr. Joiner previously served in various other roles at the Bank, including Chief Risk Officer and Director of Research and Planning. He joined the Bank in August 1983.
"In naming Paul as Interim President and CEO, the Board has tapped a proven executive with a 30-year track record of leadership at the Bank," said James Clayton, Chairman of the Bank's Board of Directors. "He assumes the responsibilities of Interim President and CEO with the complete confidence of the Board."
The Board of Directors intends to initiate a search for a permanent President and Chief Executive Officer.
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 $32.7 billion as of June 30, 2013, 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