DALLAS, Dec. 22, 2006 (PRIME NEWSWIRE) -- The Federal Home Loan Bank of Dallas ("Bank") today announced that the Federal Housing Finance Board has reappointed three public interest directors to the Bank's Board of Directors. The Finance Board, which regulates the FHLBank System, reappointed the directors to serve one-year terms commencing January 1, 2007.
The reappointed directors are: Sarah S. Agee, businesswoman and State of Arkansas legislative liaison, from Prairie Grove, Arkansas; Mary E. Ceverha, a community development representative and former commissioner of the Dallas Housing Authority, from Dallas, Texas; and Bobby L. Chain, a business owner and former mayor of Hattiesburg, Mississippi.
The Bank also announced that its Board of Directors has elected Lee R. Gibson to serve as Chairman of the Board commencing January 1, 2007. Mr. Gibson serves as Executive Vice President and Chief Financial Officer of Southside Bank in Tyler, Texas and has served as a director of FHLBank Dallas since 2002. In addition, the Board of Directors elected Ms. Ceverha to continue to serve as Vice Chairman of the Board.
The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHLBank System created by Congress in 1932. The Bank, with total assets of $58.2 billion as of September 30, 2006, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to more than 900 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit the Bank's website at www.fhlb.com.
The Federal Home Loan Bank of Dallas logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3013
