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Federal Home Loan Bank of Atlanta Announces Chairman and Vice Chairman of the Board of Directors

ATLANTA, Dec. 10, 2014 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today announced the results of the 2014 election for chairman and vice chairman of the board of directors.

F. Gary Garczynski, Chairman

FHLBank Atlanta board members elected F. Gary Garczynski, president of National Capital Land and Development, Inc., in Woodbridge, Virginia, to a two-year term as chairman of FHLBank Atlanta's board of directors. Mr. Garczynski was the 2002 president of the National Association of Home Builders (NAHB). He served as chairman of the National Housing Endowment from 2004-2011 and continues to serve on its executive committee. Mr. Garczynski served as president of the Home Builders Association of Virginia in 1990 and as president of the Northern Virginia Building Industry Association in 1985. He continues to serve as a member of both organizations and is also a member of the Prince William County, Virginia, Affordable Housing Task Force. Mr. Garczynski is a four-term appointee to the Virginia Housing Commission. Mr. Garczynski serves a gubernatorial appointment through 2016 as the Northern Virginia member of the Commonwealth Transportation Board and the Northern Virginia Transportation Authority. Mr. Garczynski began serving on FHLBank Atlanta's board of directors in 2007. During his tenure on the board, Mr. Garczynski has served as chair of the Governance and Compensation Committee, and as a member of the Enterprise Risk and Operations, Executive, Finance, and Housing and Community Investment Committees of the board. Mr. Garczynski also heads up the Housing Finance Reform Task Force for the board of directors.

Richard A. Whaley, Vice Chairman

FHLBank Atlanta board members elected Richard A. Whaley, president, chief executive officer, and director of Citizens Bank of Americus in Americus, Georgia, to a two-year term as vice chairman of FHLBank Atlanta's board of directors. From 1989 to 2001, he served as market manager and commercial lender for Wachovia Bank. Mr. Whaley served as chairman of the Georgia Bankers Association from October 2010 to June 2012. Mr. Whaley also served as chairman of the South Georgia Technical College Foundation from 2008 to 2010. He has been a member of the Georgia Municipal Association and Georgia Cities Foundation Special Downtown Task Force since 2011, and has served as a director of the Georgia Bankers Association Insurance Trust, Inc., since June 2013. Mr. Whaley has been a director of FHLBank Atlanta since 2013. During his tenure on the board, Mr. Whaley has served as chair of the Credit and Member Services Committee, and as a member of the Executive, Finance, and Housing and Community Investment Committees of the board.

About the Federal Home Loan Bank of Atlanta

FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank's members-its shareholders and customers-are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies headquartered in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 12 district banks in the Federal Home Loan Bank System, which since 1990 has contributed more than $5.1 billion to the Affordable Housing Program. For more information visit our website at www.fhlbatl.com.

CONTACT: Meredith Moses Federal Home Loan Bank of Atlanta mmoses@fhlbatl.com (404) 888-8145Source:Federal Home Loan Bank of Atlanta