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Federal Home Loan Bank of New York Announces 2012 Board of Director Election Results
By: PR Newswire
Dec. 10, 2012 01:52 PM
NEW YORK, Dec. 10, 2012 /PRNewswire-USNewswire/ -- The Federal Home Loan Bank of New York announced today the results of the 2012 Board of Directors election for two Independent Director positions, one New Jersey elected Member Director position and one New York elected Member Director position.
The Bank's members re-elected incumbents Ms. C. Cathleen Raffaeli and Reverend Edwin C. Reed to two Independent Director positions. Ms. Raffaeli is the president and managing director of The Hamilton White Group, LLC, Pound Ridge, New York. Reverend Reed is the president and chief executive officer of GGT Development LLC, Queens, New York. Reverend Reed will continue to serve as a "public interest" Independent Director, representing community interests in housing.
New Jersey members elected incumbent Mr. Jay M. Ford, president and chief executive officer, Crest Savings Bank, Wildwood, New Jersey.
New York members elected incumbent Vincent F. Palagiano, chairman and chief executive officer of The Dime Savings Bank of Williamsburgh, Brooklyn, New York.
The positions to be held by Ms. Raffaeli, Rev. Reed, Mr. Ford, and Mr. Palagiano will each have a four-year term beginning January 1, 2013 and ending December 31, 2016.
Federal Home Loan Bank of New York
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SOURCE Federal Home Loan Bank of New York
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