ATLANTA, Dec. 21, 2011 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) has announced the results of the 2011 election for one member director position and two independent director positions on the board of directors. All directors' new terms will begin on Jan. 1, 2012.
FHLBank Atlanta member institutions in South Carolina re-elected J. Thomas Johnson to a new four year directorship term. Mr. Johnson has been a director of FHLBank Atlanta since 2004 and has served on the audit, executive, finance, government relations, enterprise risk and operations, credit and member services, housing and community investment, and governance and compensation committees. Mr. Johnson has served as the president and chief executive officer of Citizens Building and Loan Association since 2009. Mr. Johnson is also vice chairman of the board of First Community Bank, a position he has held since Oct. 2004. From 1989 to 2004, he was chief executive officer of Newberry Federal Savings Bank, and was chairman of the board of its holding company, Dutch Fork Bancshares, Inc., from its inception in 2000 until its acquisition by First Community Corporation in 2004. Mr. Johnson had been with Newberry Federal Savings since 1977. He is chairman of Business Carolina Inc., a statewide economic development lender and has served on the boards of the South Carolina Bankers Association and a number of other civic and professional organizations. He also served as vice chairman of the board of FHLBank Atlanta from 2008 through 2010. Currently, Mr. Johnson is a board member of the SC Bankers Association since July 2011. Mr. Johnson has expertise in residential, commercial, and community development finance.
Member institutions re-elected William C. Handorf, Ph.D. to a new four year independent directorship term. Dr. Handorf has been a director of FHLBank Atlanta since 2007 and has served on the audit, finance, credit and member services, executive, enterprise risk and operations, governance and compensation, and housing and community investment committees. He has served as a professor of finance and real estate at The George Washington University's School of Business in Washington, D.C. since 1975. From 2001 to 2006, Dr. Handorf served as a director of the Federal Reserve Bank of Richmond's Baltimore branch, including two years as chair. From 1992 to 1995, he served as a private citizen director of the FHLBanks' Office of Finance. Dr. Handorf has expertise in financial markets, banking, real estate investment, accounting, and derivatives. Dr. Handorf has served as vice chairman of the board during 2011.
Member institutions re-elected Henry Gary Pannell, special counsel with the law firm, Jones, Walker, Waechter, Poitevant, Carrère & Denègre L.L.P., to a new four year independent directorship term. Mr. Pannell has been a director of FHLBank Atlanta since 2008 and has served on the audit, housing and community investment, and finance committees. He was previously a member with the law firm, Miller Hamilton Snider & Odom, LLC, in Atlanta from 2001 to 2008. He served as trustee with the Atlanta Nehemiah Housing Trust, a fund that provides interest-free construction loans to build affordable housing for municipal employees, from 2003 through 2009. From 1973 to 2000, he held leadership positions with the Office of the Comptroller of the Currency in Atlanta, including district counsel for the Southeastern District and regional counsel, 6th National Bank Region. From 1988 through 2009, he served as treasurer of the Episcopal Diocese of Atlanta, and as a trustee of the Diocesan Foundation, Inc., a nonprofit corporation that makes loans for church buildings and homes for clerics. Mr. Pannell has expertise in federal banking law, corporate governance, bank accounting, and community development.
About FHLBank Atlanta
FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank's members—its shareholders and customers—are commercial banks, credit unions, savings institutions, community development financial institutions and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 12 district banks in the Federal Home Loan Bank System, which since 1990 has contributed more than $4 billion to the Affordable Housing Program.