2019 Board of Director elections process under way
The FHLB Cincinnati Board has two vacant Ohio Member directorships and two at-large Independent directorships. Please find the election schedule below. The Independent Director Application Form is accessible here.
The FHLB is strongly committed to diversity among its employees, business partners and Board members.
2019 director election schedule:
• June 21: Initial 2019 Director Election materials are mailed to members eligible to vote.
• July 26: Member Director Nomination Certificates and Independent Director Application Forms must be received at the FHLB.
• August 9: Non-incumbent Independent Director applicants must return Director's Questionnaire.
• September 4: Member Director nominees running for election must return the completed eligibility form to the FHLB.
• October 4: The FHLB mails ballots to member institutions eligible to vote.
• November 4: Ballots deadline at the FHLB.
• November 21: FHLB Board ratifies election results and the FHLB announces the election results.
J. Lynn Anderson
Retired Banking and Insurance Executive, Nationwide, Columbus, Ohio.
Grady P. Appleton
Retired President and CEO, East Akron Neighborhood Development Corp., Akron, Ohio
April Miller Boise
Senior Vice President, Chief Legal Officer and Corporate Secretary, Meritor Inc., Cincinnati, Ohio
Brady T. Burt
Chief Financial Officer, Park National Bank, Newark, Ohio
Greg W. Caudill
Chief Executive Officer, Farmers National Bank of Danville, Ky, Danville, Kentucky
Mark N. DuHamel
Executive Vice President, Corporate Treasurer, Huntington Bancshares Inc., Columbus, Ohio
Leslie D. Dunn
Retired Partner, Jones Day, Cleveland, Ohio
James A. England (FHLB Vice Chair)
Chairman, Decatur County Bank, Decaturville, Tennessee
Robert T. Lameier
President and CEO, Miami Savings Bank, Miamitown, Ohio
Michael R. Melvin
President and Director, Perpetual Federal Savings Bank, Urbana, Ohio
Donald J. Mullineaux (FHLB Chair)
Emeritus duPont Endowed Chair in Banking and Financial Services, University of Kentucky, Lexington, Kentucky
Alvin J. Nance
Chief Executive Officer, LHP Development LLC and LHP Management LLC, Knoxville, Tennessee
Michael P. Pell
President and CEO, First State Bank, Winchester, Ohio
Charles J. Ruma
President, Davidson Phillips Inc., Columbus, Ohio
David E. Sartore
Executive Vice President and CFO, Field & Main Bank, Henderson, Kentucky
William S. Stuard Jr.
President and CEO, F&M Bank, Clarksville, Tennessee
Nancy E. Uridil
Director, Flexsteel Industries, Avon Lake, Ohio
James J. Vance
Senior Vice President and Treasurer, The Western & Southern Financial Group, Cincinnati, Ohio
The Advisory Council helps to set the direction for the FHLB’s affordable housing and community lending programs by advising the Board of Directors and management on affordable housing and economic development needs within the Fifth District. Council members are nominated by member institutions, sponsors and community-based organizations. Council members are appointed by the Board. Council members serve staggered three-year terms, and no member may serve more than three consecutive terms. An exception applies to the state housing agency executives from each FHLB state who serve one three-year term on a rotating basis.
Read the Advisory Council's annual report here.
Walter B. Crouch
Chief Executive Officer and President, Appalachia Service Project, Johnson City, Tennessee
Lori H. Flanery
Chief Executive Officer, New Directions Housing Corp., Louisville, Kentucky
Kenneth "Jay" Kittenbrink
Executive Director, Episcopal Retirement Services Inc., Cincinnati, Ohio
Danny Herron (Chair)
President and CEO, Habitat for Humanity of Greater Nashville, Nashville, Tennessee
James E. Harbison
Executive Director, Metropolitan Development and Housing Agency, Nashville, Tennessee
Natalie H. Harris
Executive Director, The Coalition for the Homeless, Inc., Louisville, Kentucky
Charles D. Hillman
President and Chief Executive Officer, Columbus Metropolitan Housing Authority, Columbus, Ohio
David L. Kreher
Executive Director, People's Self-Help Housing, Inc., Vanceburg, Kentucky
Ralph M. Perrey
Executive Director, Tennessee Housing Development Agency, Nashville, Tennessee
Debbie Watts Robinson
Chief Executive Officer, Miami Valley Housing Opportunities, Dayton, Ohio
Samantha A. Shuler
Chief Executive Director, Community Housing Network, Columbus, Ohio
Tammy K. Weidinger (Vice Chair)
President and CEO, Brighton Center Inc., Newport, Kentucky
Andrew S. Howell
President and Chief Executive Officer
James G. (Greg) Dooley Sr.
Executive Vice President, Chief Risk and Compliance Officer
R. Kyle Lawler
Executive Vice President and Chief Business Officer
Stephen J. Sponaugle
Executive Vice President and Chief Financial Officer
Damon v. Allen
Senior Vice President and Community Investment Officer, Housing and Community Investment Services
J. Chris Bates
Senior Vice President and Chief Accounting Officer
Roger B. Batsel Jr.
Senior Vice President, Chief Information and Operations Officer
David C. Eastland
Senior Vice President, Chief Credit Officer
Tami L. Hendrickson
Senior Vice President, Treasurer
Bridget C. Hoffman
Senior Vice President, General Counsel
About our Board of Directors
The FHLB board of directors currently comprises 10 Member directors and eight Independent directors. Two of the Independent directors have been designated by the board as Public Interest Independent directors. The number of Independent directors and the number of Member directors for each state are determined annually by the Federal Housing Finance Agency. Effective with the 2016 election cycle, the FHFA designated an additional Independent directorship thereby increasing the number of Independent directors to eight. The number of Member directors for each state is allocated based on the total amount of required FHLB stock held by members in each state but this number is subject to a minimum “grandfathered” number of Member directors for each state. Independent directors must represent at least 40 percent of the full board but less than 50 percent.
Currently, the FHLB has six Member directors from Ohio and two each from Kentucky and Tennessee. Member directors are nominated and elected by member institutions in his or her respective state. A Member director nominee must be a U.S. citizen, an officer or director of a member institution located in the state in which the open directorship election is being held, and the nominee’s institution must meet all minimum regulatory capital requirements. Any person nominated for a Member directorship who accepts the nomination must satisfy all Member director qualifications. If the number of nominees does not exceed the number of open directorships in a state, the nominee(s) is declared elected and no formal election is held.
Independent directors must be U.S. citizens and residents of the Fifth District. Independent directors may not: be an officer or director of any member of the FHLB, a recipient of Advances from the FHLB subject to certain holding company exceptions, be an officer of any of the 11 FHLBs. Independent and Public Interest director nominees and directors must meet the qualification requirements in accordance with FHFA regulations. The board reviews all Independent director nomination applications and nominates the individual(s) for election by the membership. All qualifying Fifth District members may vote in the at-large Independent director elections.
The number of votes a member may cast in a director election is based on the amount of FHLB required stock (Membership stock and Activity stock) it was required to hold as of the previous year end. However, the number of votes any one member may cast may not exceed the average amount of stock held by members in its respective state. All directors serve four-year terms and may serve a maximum of three consecutive terms. All Member director and Independent director candidates are subject to background checks. Director eligibility requirements may be found at 12 C.F.R §1261.5.
The board meets in-person eight times during the year and, as needed, by teleconference call. Board committees meet either the day before or the morning of board meetings. Generally, board meetings are held in Cincinnati with the exception of the meeting held in conjunction with the annual strategic planning conference, which may be held out of district.
Commitment to Diversity and Inclusion
The FHLB strongly promotes diversity and inclusion on its board. We encourage all member institutions to consider the importance of diversity on our board when nominating individuals to run as Member directors. Further, we support this same diversity goal in the nomination process of Independent directors.
In June, the FHFA informs the FHLB of the number of total directorships it has authorized for the following year and the open Member and Independent director seats to be elected in that same year. Shortly after this FHFA communication, the FHLB announces to its members the details of the upcoming director election including the number of open Member director seats by state and the number of open Independent or Public Interest Independent director seats. Nomination instructions and deadlines are also provided to members. Upon completion of the nomination process, the director election is conducted by mail. Elected directors begin their new terms the following calendar year.
There are currently seven committees of the board:
- Business Operations
- Housing & Community Development
- Human Resources, Compensation & Inclusion
The board chair appoints the chair and members of each committee. All directors are assigned to at least one committee. The board chair and vice chair are elected by a majority of directors and serve two-year terms.
Voting Shares for the 2019 Election of Directors
The FHLB Board of Directors election process will begin in June. Members eligible to participate in the election may now obtain the number of votes they are permitted to cast by viewing their member Capital Stock Position report dated December 31, 2018. A member may cast one vote for each share of required stock, but is limited to the average amount of required stock held by members in its state. In accordance with the limitation, the maximum number of votes by state a member may cast in the 2019 election are as follows:
Kentucky – 1,969,529
Ohio – 21,796,291
Tennessee – 3,717,788
If you have any questions regarding the election, please contact Melissa Dallas at 513-852-7084, email@example.com.