FHLB Des Moines, FHLB Seattle finalize merger

The merger closed on May 31, 2015, and today is the first day that the two Banks are operational as one Bank. "We are pleased to have finalized this merger with overwhelming support from our members," commented Dick Swanson, FHLB Des Moines chief executive officer.

1818 L IBRARY S TREET SUITE 200 RESTON, VA 20190 P HONE 703.467.3600 INFO@ FHLB-OF. COM WWW. FHLB-OF. COM June 1, 2015 FOR IMMEDIATE release: fhlb des moines Completes Merger with FHLB Seattle The Federal Home Loan Bank of Des Moines ("FHLB Des Moines") announced today that it has

Federal Home Loan Banks Explained. The Federal Home Loan Banks (FHLBanks, or FHLBank System) are 11 U.S. government-sponsored banks that provide reliable liquidity to member financial institutions (not individuals) to support housing finance and community investment. With their members, the FHLBanks represents the largest collective source of home mortgage and community credit in.

 · WASHINGTON – Michael Wilson officially assumed the titles of president and chief executive of the merged Federal Home Loan Bank of Des Moines on Monday, a little sooner than expected. Richard Swanson became the first president and CEO of the merged Des Moines and Seattle Home Loan banks when the merger was finalized in May 2015.

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WASHINGTON The Federal Home Loan banks of Seattle and Des Moines announced Thursday that their boards have unanimously approved a definitive agreement to merge. The merger still has hurdles to complete, including winning final approval by the federal housing finance Agency and.

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The Increased Role of the Federal Home Loan Bank System in Funding Markets, Part 1: Background 1.. the bank was merged into FHLB Des Moines after several unsuccessful attempts to restore FHLB Seattle’s capital. 6 Hence, after FHLB Seattle’s merger into FHLB Des Moines in 2015.

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WASHINGTON The Federal Home Loan banks of Seattle and Des Moines announced Thursday that their boards have unanimously approved a definitive agreement to merge. The merger still has hurdles to complete, including winning final approval by the Federal Housing Finance Agency and ratification by the members of both banks.

Jo Wolder on Diversity and Inclusion at FHLB Des Moines Form 8-K Merger Agreement – SEC.gov – This written communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including those with regard to discussions and activities relating to and anticipated benefits of a potential merger between the Federal Home Loan Bank of Des Moines and the Federal Home Loan Bank of Seattle.