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FEDERAL HOME LOAN BANK OF CINCINNATI ANNOUNCES RESULTS OF DIRECTOR ELECTIONS

FEDERAL HOME LOAN BANK OF CINCINNATI ANNOUNCES RESULTS OF DIRECTOR ELECTIONS
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CincinnatiAnd January 10 2022 /PRNewswire/ – Federal Home Loan Bank Cincinnati The Board of Directors has announced the results of the 2021 FHLB directors’ election. Members elected directors from Kentucky, as well as an independent director. incumbent manager from Ohio His election was announced as the only candidate nominated to run for the Ohio Open Board Member seat. Each director will serve a term of four years beginning January 1, 2022. As the council elected James J. Vance As Vice President and appointed independent directors to fill the unexpired terms.

Elected to the Board of Directors as members of the Kentucky Board of Directors c. Berry Valley And the incumbent Greg W Cuddle.

Mr. Perry is the President and CEO of Farmers & Trust Company, based in Marion, Kentucky. Joined the Farmers Bank as A loan officer in 1993 and became President and CEO in 2011. Graduated in 1991 in Economics Western Kentucky University He graduated from many banking schools including Louisiana State University Graduate School of Banking and University of South Carolina Graduate School of Investment Banking and Financial Management. Mr. Perry has volunteered countless hours to support his industry including serving as 2020-2021 President of the Kentucky Bankers Association. A partial list of his community involvement includes tenures as Chairman of the Board of Directors of a local hospital, Chairman of the Chamber of Commerce in his hometown and serving on several founding boards.

Mr. Cuddle is a board member of the National Farmers Bank in Danville, Kentucky. he attended Transylvania University and graduated from University of Kentucky. He is also a graduate of Kentucky College of Banking and Graduate School of Banking at Louisiana State University. He is a member of Center College The Board of Trustees chairs the Audit Committee. In addition, he serves as President of the Boyle Co. Manufacturing Corporation and a member of the Board of Directors of Bluegrass Tomorrow, a regional planning organization.

Announced his election as a member of the Board of Directors of the State of Ohio Kathleen A Rogers. Ms. Rogers serves as Executive Vice President of US Bank. She has more than 30 years of experience in the US Bank and its predecessor organizations Firststar, Star Bancorp and First National Bank of Cincinnati. She held various positions within the company’s financial institution including the position of the company’s chief financial officer. Ms. Rogers was elected by the FHLB Board of Directors in 2019 to fill the vacancy for a retired director. a Cincinnati Resident, Ms. Rogers holds a degree in Business Administration and Accounting from Ohio state community. In the community, Ms. Rogers has served on numerous boards focusing on educational and other opportunities for children at risk.

Recently elected as independent director of public interest Danny J Heron From Nashville, Tenn. Mr. Heron is President and CEO of Habitat for Humanity of Greater Nashville. Mr. Heron brings extensive community banking experience to the Board of Directors, having served as President and CEO of Cumberland Bank, Franklin, Tin. and Regional President of GreenBank, GreenvilleTennessee for 15 years. In addition, Mr. Heron has served on the FHLB Affordable Housing Advisory Board as a member since 2014 and chair of the board from 2019-2020.

James J. Vance He was elected as Vice Chairman of the Board of Directors. Mr. Vance is Senior Vice President and Co-Chairman of Investments for the Western-Southern Life Assurance Company in Cincinnati. He was first elected to the Board of Directors in 2017. He joined Western & Southern in 1994 after eight years at Eastman Kodak Co. Rochester, New York. Mr. Vance holds a Bachelor’s degree in Business Administration from University of WittenbergAnd Springfield, Ohio, which is a law degree from University of Cincinnati College of Law and MBA Finance from Indiana University. He is a member of the Ohio State Bar. Mr. Vance is involved in a number of civic and charitable organizations in Greater Cincinnati Including Cincinnati Children’s Hospital and St. Elizabeth Hospital, and formerly The Beechwood Home, the urban association in Greater Cincinnati Cincinnati Nature Center. He begins his two-year tenure as Vice Chairman of the Board of Directors January 1, 2022 It expires December 31, 2023.

In addition, the board appointed Luis Diaz And to. Scott Spivey To fill two unending terms of independent directors’ terms left vacant by retired directors.

Mr. Diaz Covington, Kentucky. General financial attorney and partner in Dinsmore & Shohl, LLP. Mr. Diaz focuses his practice on affordable housing and traditional government finance. He works with diverse participants in housing transactions including multifamily housing sponsors, for-profit and not-for-profit developers and underwriters. His extensive career in legal housing finance has been built on a housing advocacy for local residents Kentucky During seven years of service, including as temporary senior advisor, with the Kentucky Housing Corporation, the state’s housing finance agency. Mr. Diaz will act as independent director of public interest January 1, 2022 via December 31, 2023.

Mr. Spivey is Senior Vice President and Chief Financial Officer of First Student, Inc. Cincinnati, the largest provider of school bus transportation in North America, with $2.5 billion in annual revenue. Cincinnati-based Mr. Spivey has more than 40 years of financial and commercial management experience at publicly traded companies with revenues of over 1 billion dollars. His extensive financial and management experience spans several industries ranging from transportation and logistics to telecommunications and packaged goods. His diverse skill sets include financial and organizational management, auditing and accounting, strategic planning, mergers and acquisitions, and supply chain management. Mr. Spivey will act as an effective independent director January 1, 2022 via December 31, 2022.

FHLB is a cooperative wholesale bank owned by 625 member financial institutions, including commercial and thrift banks, credit unions, insurance companies, and community development financial institutions in Kentucky, Ohio, and Tennessee. FHLB provides members with access to products and services and a competitive return through quarterly dividends on their capital investment in FHLB. I almost contributed 827 million dollars To create more than 102,000 affordable housing units through the Affordable Housing Program since 1990. In addition, the FHLB Board of Directors has voluntarily contributed 25 million dollars of profits in response to the needs of community members including rebuilding natural disaster homes, foreclosure relief, emergency repair, and rehabilitation for the disabled and seniors. The FHLB system includes 11 local banks, which are wholly owned by approximately 6,700 member shareholder organizations and do not use taxpayer dollars.

This news release may contain forward-looking statements that are subject to risks and uncertainties including, but not limited to, the effects of economic market conditions on demand for FHLB products, legislative or regulatory developments relating to the FHLB system, competitive forces, and other risks detailed from time to time in the FHLB filings with the FHLB Committee. Securities and Exchanges. Forward-looking statements speak as of the date they are made and are not guarantees of future performance. Actual results or developments could differ materially from the expectations expressed or implied in the forward-looking statements, and FHLB undertakes no obligation to update any such statements.

SOURCE Federal Home Loan Bank of Cincinnati

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