CINCINNATI, Jan. 30, 2012 (GLOBE NEWSWIRE) -- J. Lynn Greenstein, president and CEO of Nationwide Bank of Columbus, has joined the Board of Directors of the Federal Home Loan Bank of Cincinnati. She was unanimously elected by the Board to serve through 2012, the remainder of the term of director Robert Brosky, who passed away in October.
Ms. Greenstein leads the $4 billion-asset Nationwide Bank, an affiliate of Nationwide Mutual Insurance Company. She joined Nationwide Mutual in 1985, and prior to her current assignment served as Senior Vice President of Product and Pricing for Nationwide's property and casualty businesses. She is a graduate of The Ohio State University, a certified public accountant, and serves on the boards of directors of the Ohio Bankers League, National Church Residences, and the Central Ohio Diabetes Association.
The FHLBank is a $67 billion congressionally-chartered wholesale regional bank providing financial services for residential housing and economic development to 741 member financial institutions located in Kentucky, Ohio and Tennessee. It has contributed more than $444 million for the creation of more than 58,000 units of lower-income housing through its Affordable Housing Program since 1990, and more than $15 million through additional, voluntary programs helping thousands to attain or preserve homeownership. The FHLBank System includes 12 district Banks, is wholly owned by its nearly 7,800 member institution stockholders and does 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 the FHLBank's products, legislative or regulatory developments concerning the FHLBank System, competitive forces and other risks detailed from time to time in the FHLBank's filings with the Securities and Exchange Commission. The forward-looking statements speak as of the date made and are not guarantees of future performance. Actual results or developments may differ materially from the expectations expressed or implied in the forward-looking statements, and the FHLBank undertakes no obligation to update any such statements.