SAN FRANCISCO, Jan. 31, 2018 (GLOBE NEWSWIRE) -- The Board of Directors of the Federal Home Loan Bank of San Francisco has elected independent director John F. (Jack) Luikart as Chair and member director Brian M. Riley as Vice Chair.
John F. (Jack) Luikart has been president of Bethany Advisors LLC, San Francisco, California, since February 2007. He has also been a trustee of four asbestos trusts, including, since 2004, the Western Asbestos Settlement Trust. He has served on the boards of Wells Fargo Real Estate Investment Trust and Ohio Wesleyan University since 2014. Previous positions include senior advisor to the CEO of Red Capital Group, chairman of Wedbush Securities Inc., president and chief operating officer of Tucker Anthony Sutro, and chairman and chief executive officer of Sutro & Co. Mr. Luikart joined the Bank’s board of directors in 2007, and his current four-year term began January 1, 2018. He previously served as chair of the board from January 2013 to January 2016.
Brian M. Riley has been the president and chief executive officer of Mohave State Bank, Lake Havasu City, Arizona, since March 2009. He has also served as director, president, and chief executive officer of State Bank Corp., the holding company for Mohave State Bank, since March 2009. He was the chief financial officer of the bank from April 2008 to March 2009. Prior to that, he was chief executive officer of Harbor Bank and Trust, a financial institution in organization in Southport, Connecticut. Mr. Riley has over 30 years of experience in banking, including serving as president and chief executive officer of PriVest Bank, Costa Mesa, California, and holding other executive positions with Provident Savings Bank, Riverside, California, and Metro Commerce Bank, San Rafael, California. He is a director of the Arizona Bankers Association. Mr. Riley joined the Bank’s board of directors in 2015, and is in his first four-year term.
About the Federal Home Loan Bank of San Francisco
The Federal Home Loan Bank of San Francisco delivers low-cost funding and other services that help member financial institutions make home mortgages to people of all income levels and provide credit that supports neighborhoods and communities. The Bank also funds community programs that help members create affordable housing and promote community economic development. The Bank’s members are headquartered in Arizona, California, and Nevada and include commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions.
Mary Long, 415-572-6717
Source: Federal Home Loan Bank Of San Francisco