Federal Home Loan Bank of Chicago Announces Board of Directors Election Results

CHICAGO, Nov. 14 /PRNewswire/ — The Federal Home Loan Bank of Chicago announces the following changes to its Board of Directors, which become effective January 1, 2008:

Newly Elected Director (Wisconsin)

William W. Sennholz, President and Chief Executive Officer of Marshfield Savings Bank in Marshfield, Wisconsin, has been elected to a three-year term on the Board of Directors by the Bank’s Wisconsin member institutions.

Re-Elected Director (Illinois)

P. David Kuhl, Chairman of the Board of Freestar Bank in Pontiac, Illinois, has been re-elected to a three-year term on the Board of Directors by the Bank’s Illinois member institutions. Mr. Kuhl is Chairman of the Federal Home Loan Bank of Chicago’s Board of Directors, of which he has been a member since 2000.

Re-Elected Director (Illinois)

Kathleen E. Marinangel, CEO/President and Chairman of the Board, McHenry Savings Bank, McHenry, Illinois, has been re-elected to a three-year term on the Board of Directors by the Bank’s Illinois member institutions. Ms. Marinangel has been a member of the Board since 2002.

BIOGRAPHICAL INFORMATION

William W. Sennholz is President and Chief Executive Officer of Marshfield Savings Bank in Marshfield, Wisconsin. Mr. Sennholz has extensive experience in the financial sector, having worked for M&I First American Bank of Wausau, Peoples State Bank in Wausau, and the Clarke County State Bank in Osceola, Iowa, where he served as President, CEO, and Chairman of the Board.

P. David Kuhl serves as Chairman of the Federal Home Loan Bank of Chicago’s Board of Directors, of which he has been a member since 2000. Mr. Kuhl is Chairman of the Board of Freestar Bank in Pontiac, Illinois. He was previously Chairman of the Board and CEO of Busey Bank in Urbana, Illinois. He is also Chairman of the Board of Directors of the Illinois Bankers Association.

Kathleen E. Marinangel is CEO, President, and Chairman of the Board of Directors of McHenry Savings Bank in McHenry, Illinois. She serves on the national Board of Directors of the American Bankers Association (formerly America’s Community Bankers Association). She is a Director of the Illinois League of Financial Institutions (chairman from 1996-1997) and is a Trustee of the League’s Banking Erisa Medical Insurance Trust Fund since 1995. She served on the Thrift Institutions Advisory Council from 1999-2000, reporting to the Federal Reserve Board of Governors. Locally she serves on the McHenry County Public Building Commission, the City of McHenry Economic Development Commission, the McHenry County College Foundation Board and served for three years on the Centegra Hospital Board of Directors.

  OTHER CURRENT BOARD MEMBERS

  William R. Dodds, Jr.

  Executive Vice President and Treasurer, The Northern Trust Company

  Chicago, Illinois

  Director since 2007
  Terry W. Grosenheider

  Private Banking Relationship Manager, U.S. Bank, N.A.

  Madison, Wisconsin

  Director since 2002
  Thomas L. Herlache

  Chairman of the Board, Baylake Bank

  Sturgeon Bay, Wisconsin

  Director since 2005
  Alex J. LaBelle

  Broker Associate, Smothers Realty Group

  LaGrange, Illinois

  Director since 2004
  Roger L. Lehmann

  President, CEO and Chairman, The Harvard State Bank

  Harvard, Illinois

  Director since 2004
  Gerald J. Levy

  Chairman, Guaranty Bank

  Brown Deer, Wisconsin

  Director since 2005
  E. David Locke

  Chairman and CEO, McFarland State Bank

  McFarland, Wisconsin

  Director since 2007
  Richard K. McCord

  President and Chief Executive Officer, Illinois National Bank

  Springfield, Illinois

  Director since 2003
  James F. McKenna

  President and CEO, North Shore Bank

  Brookfield, Wisconsin

  Director since 2004
  Steven F. Rosenbaum

  Chairman, President & Chief Executive Officer, Prospect Federal Savings

   Bank

  Worth, Illinois

  Director since 2007

The Federal Home Loan Bank of Chicago is an $89 billion wholesale bank and government sponsored enterprise that provides housing finance to more than 850 member commercial banks, savings institutions, credit unions, and insurance companies located in the 7th Federal Home Loan Bank District of Illinois and Wisconsin.

The Federal Home Loan Bank System, which includes 12 Federal Home Loan Banks, is celebrating its 75th anniversary in 2007. The U.S. Congress created the System in 1932 to promote housing finance, but the Banks are wholly owned by their member institutions.

First Call Analyst:
FCMN Contact:

Source: Federal Home Loan Bank of Chicago