INDIANAPOLIS, Jan. 7, 2009 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Indianapolis (FHLBI) announces the certified results of the Indiana and Michigan district-wide election of independent directors to its Board of Directors.
Elected to four-year terms were Carl E. Liedholm, Professor of Economics at Michigan State University, East Lansing, MI, and Robert D. Long, Corporate Director and Audit Committee Chair at Kenra, Ltd., Indianapolis, IN. Mr. Long, an incumbent director, formerly served as auditing partner and managing partner of KPMG, LLP in Indianapolis before his retirement in December 2006.
Jonathan P. Bradford, President & CEO of Inner City Christian Federation, Grand Rapids, MI, was elected to a three-year term. Mr. Bradford, an incumbent director, also serves as a public interest director.
Larry A. Swank, President & CEO of Sterling Group, Inc., Mishawaka, IN, was elected to a two-year term.
Building Partnerships. Serving Communities.
The Federal Home Loan Bank of Indianapolis (FHLBI) is one of 12 regional banks that make up the Federal Home Loan Bank System. FHLBanks are government-sponsored enterprises created by Congress to ensure access to low-cost funding for their member financial institutions. FHLBanks are privately capitalized and funded, and receive no Congressional appropriations. The FHLBI is owned by its financial institution members, which include commercial banks, credit unions, insurance companies, and savings banks headquartered in Indiana and Michigan. For more information about the FHLBI and its Affordable Housing Program, visit www.fhlbi.com.