FORT WORTH, Texas, Feb. 1, 2013 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce Tim Carter, president and CEO of OmniAmerican Bank, was recently elected to FHLB Dallas's Board of Directors.
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Mr. Carter's term began January 1, 2013, and will expire December 31, 2016. He has been appointed to serve on the Audit Committee and the Compensation and Human Resources Committee of the Board of Directors.
"As a member borrower, I fully understand the value of the Federal Home Loan Bank of Dallas to its member banking institutions," said Mr. Carter. "I am looking forward to drawing upon my 30 years of experience in the banking industry to help continue and shape the Bank's policies and programs."
The Bank is a cooperatively owned wholesale bank that provides low cost funds to its member institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas.
"Mr. Carter has held a number of leadership positions in his community," said FHLB Dallas President and CEO Terry Smith. "His combined experience in the banking, civic, and political realms brings a unique perspective to the Board of Directors and I am looking forward to working with him over the next several years."
Mr. Carter has an extensive background in the financial services industry that spans nearly 30 years. In his role as president and CEO of OmniAmerican Bank, he is responsible for the strategic planning, coordination, and implementation of operations. Prior to joining OmniAmerican Bank, Mr. Carter served as chairman of Chase Bank-Fort Worth (formerly TCB) beginning in 1988. He left the bank in 2001 and became president and CEO of the United Way of Metropolitan Tarrant County, an organization that supports education, income, and health initiatives designed to improve the lives of North Texas residents.
In addition to his service with OmniAmerican Bank, Mr. Carter is actively involved in his community. He currently serves on the boards of Texas Wesleyan University, The Fort Worth Club, the Fort Worth Promotion and Development Fund, the Arlington Chamber of Commerce, and the Safe City Commission. He also serves on the Federal Reserve Bank of Dallas Community Depository Institutions Advisory Council and the TCU Business School International Board.
In addition to his civic service, Mr. Carter has also served his community through political office as a former city councilman and mayor of Bellaire, Texas, in the late 1980s to early 1990s.
Mr. Carter earned a Bachelor of Business Administration degree in Finance from the University of Texas at Austin. He attended UT on a four-year athletic scholarship for swimming. He resides in Fort Worth with his wife, Nancy.
About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $35.2 billion as of September 30, 2012, is a member-owned cooperative that supports housing and community development by providing competitively priced advances 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 FHLB Dallas website at fhlb.com.
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