CHICAGO, Nov. 7 /PRNewswire/ — The Federal Home Loan Bank of Chicago announces the following changes to its Board of Directors, which become effective on January 1, 2007:
Newly Elected Director (Illinois)
Steven F. Rosenbaum, Chairman, President, and CEO of Prospect Federal Savings Bank in Worth, Illinois, has been elected to a three-year term on the Board of Directors by the Bank’s Illinois member institutions.
Re-Elected Director (Illinois)
Roger L. Lehmann, President, CEO, and Chairman of the Board of The Harvard State Bank, Harvard, Illinois, has been re-elected to a three-year term on the Board of Directors by the Bank’s Illinois member institutions. Mr. Lehmann has been a member of the Board since 2004.
Newly Elected Director (Wisconsin)
E. David Locke, Chairman and CEO of McFarland State Bank, McFarland, Wisconsin, has been elected to a three-year term on the Board of Directors by the Bank’s Wisconsin member institutions.
Re-Elected Director (Wisconsin)
James F. McKenna, Chairman and CEO of North Shore Bank, Brookfield, Wisconsin, has been re-elected to a three-year term on the Board of Directors by the Bank’s Wisconsin member institutions. Mr. McKenna has been a member of the Board since 2004.
BIOGRAPHICAL INFORMATION:— Steven F. Rosenbaum is Chairman, President, and CEO of Prospect Federal
Savings Bank in Worth, Illinois. Prior to his service with Prospect
Federal, he was a lobbyist with the Illinois State Chamber of Commerce.
He later became the only former staff member to serve on its board of
directors and was chairman of its Human Resources Committee. In
addition, he serves on the board of the Illinois League of Financial
Institutions (chairman from 2002-2003) and is a member of the Mutual
Institutions Committee for America’s Community Bankers.
— Roger L. Lehmann is President, CEO, and Chairman of the Board of The
Harvard State Bank, in Harvard, Illinois. He is a past Chairman, and
currently serves on the board of the Community Bankers Association of
Illinois. He has also served on the boards of several economic and
community development organizations in Harvard and in McHenry County.
— E. David Locke is Chairman and Chief Executive Officer of McFarland
State Bank in McFarland, Wisconsin. He was recently named 2006
Community Banker of the Year by Community Bankers of Wisconsin. Mr.
Locke was integral in the formation of the ABA’s Grassroots Committee
and is currently Chairman. He is a member of the ABA Government
Relations Council and is also a member of the ABA’s Credit Union
Committee. In 2006, he was a finalist in the 2006 Ernst & Young
Entrepreneur of the Year award program. Honoring its steady growth and
community involvement, the McFarland State Bank, led by Mr. Locke, also
received the 2006 Solid Growth Award from the University of Wisconsin –
Oshkosh School of Business.
— James F. McKenna is President and CEO, of North Shore Bank in
Brookfield, Wisconsin. He is a past Chairman of the Wisconsin League
of Financial Institutions. He formerly served on the Federal Reserve
Board’s Thrift Institutions Advisory Council and was a Director of
America’s Community Bankers (ACB). Currently, Mr. McKenna serves on
the board of ACB Partners, a subsidiary of ACB, and is active in
several community service and cultural organizations in the Milwaukee
area.OTHER CURRENT BOARD MEMBERS:
— James K. Caldwell
President and Chief Executive Officer, The First Citizens Bank of
Whitewater,
Whitewater, Wisconsin
Chairman of the Board, Director since 1998— Thomas M. Goldstein
Senior Executive Vice President, LaSalle Bank Corporation,
Chicago, Illinois
Director since 2005— Terry W. Grosenheider
Private Banking Relationship Manager, U.S. Bank, N.A.,
Madison, Wisconsin
Director since 2002— Thomas L. Herlache
President, Chief Executive Officer and Chairman of the Board, Baylake
Bank,
Sturgeon Bay, Wisconsin
Director since 2005— P. David Kuhl
Director, Busey Bank,
Urbana, Illinois
Vice Chairman of the Board, Director since 2000— Alex J. LaBelle
Broker-Associate, Smothers Realty Group,
LaGrange, Illinois
Director since 2004— Gerald J. Levy
Chairman, Guaranty Bank,
Brown Deer, Wisconsin
Director since 2005— Kathleen E. Marinangel
Chief Executive Officer, President and Chairman of the Board, McHenry
Savings Bank,
McHenry, Illinois
Director since 2002— Richard K. McCord
President and CEO, Illinois National Bank,
Springfield, Illinois
Director since 2003
The Federal Home Loan Bank of Chicago is a government sponsored enterprise providing housing finance to over 880 member commercial banks, savings institutions, credit unions and insurance companies in Illinois and Wisconsin. With more than $88 billion in assets, the Bank offers floating and fixed-rate loans, the Mortgage Partnership Finance(R) Program and related products to finance home mortgage portfolios. The Bank also offers funding for affordable housing and community development activities. “Mortgage Partnership Finance(R)” is a registered trademark of the Federal Home Loan Bank of Chicago.
