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Federal Home Loan Bank of Cincinnati Announced Results of Member Director Elections

CINCINNATI, Dec. 21, 2012 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Cincinnati's board of directors announced the results of the FHLBank's recent member director elections. The directors were elected to four-year terms beginning January 1, 2013.

Member directors representing Ohio financial institutions were:

  • J. Lynn Greenstein, President and CEO of Nationwide Bank of Columbus.
  • Thomas Moore, Chairman, President and CEO of First Federal Bank of Ohio in Galion

Independent directors elected were:

  • Leslie Dunn of Cleveland, Ohio.
  • Alvin J. Nance, President and CEO of Knoxville's Community Development Corporation (KCDC), Knoxville, Tennessee.

J. Lynn Greenstein, president and CEO of Nationwide Bank of Columbus, was first elected by the board early in 2012 to fill a director's vacancy. Ms. Greenstein leads the $5 billion-asset Nationwide Bank, an affiliate of Nationwide Mutual Insurance Company. She joined Nationwide Mutual in 1985, and prior to her current assignment served as Senior Vice President of Product and Pricing for Nationwide's property and casualty businesses. She is a graduate of The Ohio State University, a certified public accountant, and serves on the boards of directors of the Ohio Bankers League, National Church Residences, and the Central Ohio Diabetes Association.

Newly elected board member Thomas Moore is Chairman, President and CEO of First Federal Bank of Ohio in Galion, and has worked in community banking for 42 years. Mr. Moore served as chairman of The Ohio Bankers League in 2010, and currently chairs the Subcommittee on Foreclosure Reform for Gov. Kasich's Financial Institution Advisory Council. He previously served on Gov. Strickland's Rural Economy Development Council. In addition, Mr. Moore is a director of the Southeastern Conference of Community Bankers, a member of the ABA Community Bank Council, and a trustee for the Ohio Bankers Benefits Trust. Tom serves on several local boards, including Galion Community Improvement Corp. Tom resides in Galion with his wife Polly. They have two grown children and five grandchildren.

Leslie D. Dunn of Cleveland, Ohio, was first appointed to the Board in 2007 to fill an unexpired term, and was subsequently elected to a four-year term in 2009. She is the Chair of the Governance Committee of the Bank's board. A resident of Shaker Heights, Ohio, Ms. Dunn has a distinguished business and legal career. She is the former Senior Vice President of Business Development, Cole National Corp., a NYSE-listed company, and previously was a partner in the business practice at the law firm of Jones Day in Cleveland. She also serves on the boards of several privately held companies, including E &H Family Group Inc. Among her many civic and charitable activities, she is a director of Breakthrough Charter Schools, the David and Inez Myers Foundation, Mt. Sinai Health Care Foundation, Metro Health Foundation, and the Cleveland Museum of Contemporary Art. She is a graduate of Case Western Reserve School of Law.

Alvin J. Nance, President and CEO of Knoxville's Community Development Corp. (KCDC), Knoxville, Tennessee, was first elected to the board in 2009, and previously served on the FHLBank's Advisory Council, which advises the board on housing matters. KCDC is the public housing and redevelopment agency for the City of Knoxville and Knox County. It operates more than 3,600 units of affordable housing and administers 4,000 Section 8 vouchers. A former commercial banker, Mr. Nance has served many business, civic and service organizations, including membership on the boards of the Tennessee Housing Development Agency, United Way of Greater Knoxville, First Tennessee Bank, Covenant Health, Fannie Mae Advisory Board, Boy Scouts of America, Habitat for Humanity, Maryville College, and the YMCA. He earned a bachelor's degree from Maryville College, Maryville, Tennessee.

The FHLBank's board is elected by the 700-plus member financial institutions. The board is composed of 10 member-directors who are officers or directors of member financial institutions, and seven independent directors from fields outside of banking, including housing, law and the non-profit sector.

The FHLBank is a $67 billion, AA+ rated, congressionally-chartered regional wholesale bank providing financial services for residential housing and economic development to 741 member financial institutions located in Kentucky, Ohio and Tennessee. It has contributed more than $470 million for the creation of more than 61,000 units of lower-income housing through its Affordable Housing Program since 1990, and more than $18 million through additional, voluntary programs helping thousands to attain or preserve homeownership. The FHLBank System includes 12 district Banks, is wholly owned by its nearly 7,800 member institution stockholders and does not use taxpayer dollars.

The Federal Home Loan Bank of Cincinnati logo is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=15484

CONTACT: John Byczkowski, FHLBank Cincinnati 513-852-7085 (office) or 513-382-7615 (cell) johnb@fhlbcin.com

Source:Federal Home Loan Bank of Cincinnati