DALLAS--(EON: Enhanced Online News)--Member institutions of the Federal Home Loan Bank of Dallas (FHLB Dallas) recently re-elected four directors and elected one new director to its Board of Directors (Board). Those re-elected were: Board Chairman Joseph F. Quinlan, Jr. as a Louisiana member director, Tim H. Carter and W. Wesley Hoskins as Texas member directors, and Margo S. Scholin as an independent director from Texas. Cheryl D. Alston joins the Board as a newly elected independent director, also from Texas.
“The work of balancing financial performance with fulfilling our public purpose is at the forefront of the Board’s mission.”
Their terms began January 1, 2017, and are either three or four years in length. There were no member director seats to be filled from Arkansas, Mississippi or New Mexico in the recent election.
“As a member-owned cooperative, FHLB Dallas benefits from experienced directors who represent our members and their communities,” said FHLB Dallas President and CEO Sanjay Bhasin. “The work of balancing financial performance with fulfilling our public purpose is at the forefront of the Board’s mission.”
The Board consists of nine member directors and eight independent directors. Each member director is an officer and/or director of a member institution that is located in FHLB Dallas’ five-state District of Arkansas, Louisiana, Mississippi, New Mexico and Texas. Independent directors must reside in the Bank’s District and have either: (i) demonstrated knowledge of or experience in organizational management, auditing and accounting, risk management practices, financial management, project development, law or derivatives, or (ii) more than four years' experience representing consumer or community interests in banking services, credit needs, housing or consumer financial protections.
FHLB Dallas’ primary goal is to provide credit and other services to help members fund housing, small business, and economic and community development loans in their communities. FHLB Dallas advances (loans to members) supplement local deposits as a source of funds for members.
New and Re-elected Board Members
Joseph F. Quinlan, Jr.
First National Bankers Bank
Chairman, President and CEO
First National Bankers Bankshares, Inc.
Baton Rouge, Louisiana
Tim H. Carter
Regional President, North Texas Region
Fort Worth, Texas (headquartered in Tyler, Texas)
W. Wesley Hoskins
Chairman, President and CEO
First Community Bank
Corpus Christi, Texas
Margo S. Scholin
Baker Botts L.L.P.
Cheryl D. Alston
Executive Director and Chief Investment Officer
Employees’ Retirement Fund of the City of Dallas
About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $58.4 billion as of September 30, 2016, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 850 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit fhlb.com.