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| 8-K - 8-K - Federal Home Loan Bank of Chicago | november142017-directorele.htm |
EXHIBIT 99.1
November 14, 2017
VIA EMAIL
TO: Member Institutions in Illinois and Wisconsin
RE: Results of 2017 Election of Federal Home Loan Bank of Chicago
Member and Independent Directors
The Federal Home Loan Bank of Chicago is pleased to announce the results of the 2017 election of Federal Home Loan Bank member and independent directors for member institutions in Illinois and Wisconsin. Please note that the Board of Directors had designated two public interest directors and one of the current public interest directors’ terms of service will expire on December 31, 2017 and was up for re-election. The directors’ terms will begin on January 1, 2018.
MEMBER DIRECTORS
Illinois - One Member Director
Number of Members Eligible to Vote | 473 |
Number of Members Casting Votes | 270 |
Total Eligible Votes for Each Directorship | 2,869,167 |
Votes Received | ||
Watts, Daniel G. President Term Expires: December 31, 2021 (Four year term) | Forest Park National Bank & Trust Company Forest Park, Illinois | 552,835 |
Wisconsin - One Member Director
Number of Members Eligible to Vote | 255 |
Number of Members Casting Votes | 181 |
Total Eligible Votes for Each Directorship | 1,109,856 |
Votes Received | ||
Hegenbarth, James H. President & Chief Executive Officer Term Expires: December 31, 2021 (Four year term) | The Park Bank Madison, Wisconsin | 276,819 |
* * * *
INDEPENDENT DIRECTORS
Number of Members Eligible to Vote | 728 |
Number of Members Casting Votes | 391 |
Total Eligible Votes for Each Directorship | 3,979,023 |
OTHER INDEPENDENT DIRECTOR
Votes Received | ||
Eppli, Mark J. Professor of Finance and Robert B. Bell Sr., Chair in Real Estate Term Expires: December 31, 2021 (Four year term) | Marquette University Milwaukee, Wisconsin | 2,281,737 |
PUBLIC INTEREST INDEPENDENT DIRECTOR
Votes Received | ||
White, Gregory A. President and Chief Executive Officer Term Expires: December 31, 2021 (Four year term) | LEARN Charter Schools Chicago, Illinois | 2,075,522 |
Enclosed for your information is a complete list of the voting results for the Seventh District. Thank you for participating in this year’s election process. Your contribution ensures sound representation on our board of directors for the mutual benefit of the Bank and its member-stockholders.
Sincerely,
/s/ Laura Turnquest
Executive Vice President,
General Counsel &
Corporate Secretary
Enclosure
FEDERAL HOME LOAN BANK OF CHICAGO
RESULTS OF THE 2017 ELECTION OF MEMBER & INDEPENDENT DIRECTORS
ILLINOIS - MEMBER DIRECTOR RESULTS
NAME | VOTES | DOCKET # | INSTITUTION | CITY |
Clements, Alice | 97,047 | 55179 | Consumers Cooperative Credit Union | Waukegan |
Grayson, Todd E. | 328,450 | 09744 | South Central Bank, N.A. | Chicago |
Hemmer, Gary D. | 458,458 | 12492 | First National Bank of Waterloo | Waterloo |
Karibian, Michael P. | 172,046 | 15512 | Midland States Bank | Effingham |
Oksas, Stephen M. | 239,846 | 01330 | Mutual Federal Bank | Chicago |
Watts, Daniel G.* | 552,835 | 55373 | Forest Park National Bank & Trust Company | Forest Park |
Total Number of Votes Cast | 1,848,682 | |||
WISCONSIN - MEMBER DIRECTOR RESULTS
NAME | VOTES | DOCKET # | INSTITUTION | CITY |
Barthel, Timothy | 73,041 | 54880 | Southern Lakes Credit Union | Kenosha |
Erdman, Cynthia K. | 218,407 | 12896 | Partnership Bank | Tomah |
Hegenbarth, James H.* | 276,819 | 10183 | The Park Bank | Madison |
Taylor, Ty R. | 249,519 | 17663 | Waukesha State Bank | Waukesha |
Total Number of Votes Cast | 817,786 | |||
INDEPENDENT DIRECTOR RESULTS
NAME | VOTES | COMPANY | LOCATION | |
Eppli, Mark J.* | 2,281,737 | Marquette University | Milwaukee, WI | |
White, Gregory A.* | 2,075,522 | LEARN Charter Schools | Chicago, IL | |
* Elected to serve on the Board of Directors of the Federal Home Loan Bank of Chicago.
FEDERAL HOME LOAN BANK OF CHICAGO
2017 INDEPENDENT DIRECTOR ELECTION
SUMMARY OF QUALIFICATIONS
PUBLIC INTEREST INDEPENDENT DIRECTOR
White, Gregory A.
President & CEO
LEARN Charter Schools
Gregory A. White has been the President and Chief Executive Officer for LEARN Charter Schools located in Chicago, Illinois, from 2008 to present. Mr. White was Vice President, Strategy and Operations, of The Chicago Community Trust, from 2006 to 2008. He was Co-Founder and Partner, Chicago Venture Partners, LP, from 1998 to 2006, and President, Corporate Advisory Services, from 1995 to 2006. He worked at Continental Bank as a real estate lender from 1990 to 1993 and at Solomon Brothers as a bond salesman from 1993 to 1995.
Mr. White was also a Board Chairman of Learn Charter Schools for four years, a board Member for over ten years and Board Chairman of Lakefront Supportive Housing for three years, which merged into Mercy Housing, Inc., a giant in the affordable housing industry. He also served as Board Chairman, Citizens Advisory Board, Chicago Transit Authority, for three years.
Mr. White worked as a consultant to the Denali Initiative for Social Enterprise over a 5 year period. In this capacity, he coached 34 Executive Directors on how to write business plans, raise capital and launch a social enterprise, primarily in low-income communities.
Mr. White has served as a director of the Federal Home Loan Bank of Chicago since January, 2009, where he serves on the Public Policy and Human Resources and Compensation Committees. Mr. White previously served as a director of Christ the King Jesuit College Prep High School, National Louis University and Lakefront Supportive Housing.
Mr. White earned a Bachelor of Arts degree with Honors from Brown University, concentrating in Economics and Development Studies and his Master of Business Administration degree from Harvard Business School.