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Federal Home Loan Bank of Atlanta Announces Results of 2015 Board of Directors’ Election

ATLANTA, Nov. 16, 2015 (GLOBE NEWSWIRE) -- On October 29, 2015, the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced the results of the 2015 director election for one member director and two at-large independent directors. Each of the directors-elect will begin serving a four-year term on January 1, 2016.

FHLBank Atlanta member institutions in South Carolina elected R. Thornwell Dunlap III, as a member director. Mr. Dunlap has served as president and chief executive officer of Countybank since 1995 and chairman of its holding company, TCB Corporation, since 2001. He served on the South Carolina Bankers Association Board of Directors from 2013-2015 and is a past chairman of the Independent Banks of South Carolina Board of Directors. Mr. Dunlap also serves on the Greenwood Partnership Alliance Board of Directors and Executive Committee and is a past chairman. Mr. Dunlap served on the Piedmont Technical College Foundation Board of Directors from 1995-2004, and returned to serve in 2010 to present. He has served on the Ten at the Top Board of Directors since 2009 and is a founding director. Mr. Dunlap is a member and past chairman of the Greenwood Rotary Club.

Member institutions re-elected William C. Handorf, Ph.D., as an independent director. Mr. Handorf has been a director of FHLBank Atlanta since 2007, including prior service as vice chairman of the board. He is currently chair of the Enterprise Risk and Operations Committee and a member of the Audit, Executive, and Finance Committees. Mr. Handorf has served as professor of finance at the George Washington University School of Business since 1975. From 2001 to 2006, Mr. Handorf served as a director of the Federal Reserve Bank of Richmond's Baltimore branch, including two years as chair. From 1992 to 1995, Mr. Handorf served as a private citizen director of the FHLBanks Office of Finance.

Member institutions re-elected Henry Gary Pannell as an independent director. Mr. Pannell has been a director of FHLBank Atlanta since 2008. He is currently vice chair of the Housing and Community Investment Committee and a member of the Credit and Member Services, Executive, and Governance and Compensation Committees. Mr. Pannell has served as special counsel with the law firm Jones, Walker LLP in Atlanta, Georgia since 2008. He was previously a member with the law firm Miller Hamilton Snider & Odom, LLC in Atlanta, Georgia from 2001-2008. He has served on the board of advisors for the North Carolina Banking Law Institute and is vice chair of the Bank Counsel Section of the Georgia Bankers Association. His board appointments include the Atlanta Nehemiah Housing Trust, the Diocesan Foundation, and Kids for Peace International.

About FHLBank 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 located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have awarded approximately $4.8 billion in Affordable Housing Program funds, assisting more than 758,000 households.

For more information, visit our website at www.fhlbatl.com.

Some of the statements made in this announcement are “forward-looking statements,” which include statements with respect to the Bank's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties, and other factors, many of which may be beyond the Bank's control, and which may cause the Bank's actual results, performance, or achievements to be materially different from the future results, performance, or achievements expressed or implied by the forward-looking statements.

The forward-looking statements may not be realized due to a variety of factors, including without limitation to legislative and regulatory actions, changes or approvals; future economic and market conditions (including the housing market and the market for mortgage-backed securities); changes in demand for advances or consolidated obligations of the Bank and/or the FHLBank System; changes in interest rates and prepayment speeds, default rates, delinquencies, and losses on mortgage-backed securities; political, national, and world events; and adverse developments or events affecting or involving other Federal Home Loan Banks or the FHLBank System in general. Additional factors that might cause the Bank's results to differ from these forward-looking statements are provided in detail in our filings with the Securities and Exchange Commission, which are available at www.sec.gov.

New factors may emerge, and it is not possible for us to predict the nature, or assess the potential impact, of each new factor on our business and financial condition. Given these uncertainties, we caution you not to place undue reliance on forward-looking statements. These statements speak only as of the date that they are made, and the Bank has no obligation and does not undertake to publicly update, revise, or correct any of the forward-looking statements after the date of this announcement, or after the respective dates on which such statements otherwise are made, whether as a result of new information, future events, or otherwise, except as may be required by law.

CONTACT: Meredith Moses Federal Home Loan Bank of Atlanta mmoses@fhlbatl.com (404) 888.8145

Source:Federal Home Loan Bank of Atlanta