Federal Home Loan Banks

FHLBank Pittsburgh Announces Full Year and Fourth Quarter 2023 Operating Highlights

Retrieved on: 
Thursday, February 22, 2024

The Federal Home Loan Bank of Pittsburgh (FHLBank) announced today unaudited financial results for the full year and fourth quarter ended December 31, 2023.

Key Points: 
  • The Federal Home Loan Bank of Pittsburgh (FHLBank) announced today unaudited financial results for the full year and fourth quarter ended December 31, 2023.
  • FHLBank’s net income totaled $126.5 million for the fourth quarter of 2023, compared to $96.5 million for the fourth quarter of 2022.
  • Interest income was $1,550.6 million for the fourth quarter of 2023, compared to $885.4 million in the same prior-year period.
  • Interest expense was $1,359.0 million for the fourth quarter of 2023, compared to $744.9 million in the same prior-year period.

Federal Home Loan Bank of Dallas and First Federal Bank of Louisiana Award $75K Grant to Help Homeowners with Property Ownership Issues

Retrieved on: 
Thursday, February 22, 2024

The Federal Home Loan Bank of Dallas (FHLB Dallas) has awarded a $75,000 Heirs’ Property Program grant to Project Build a Future (PBAF).

Key Points: 
  • The Federal Home Loan Bank of Dallas (FHLB Dallas) has awarded a $75,000 Heirs’ Property Program grant to Project Build a Future (PBAF).
  • The funds, which were awarded through FHLB Dallas member First Federal Bank of Louisiana, will be used to help locals clear heirship or title issues on their properties and secure a will.
  • (Photo: Business Wire)
    In 2023, FHLB Dallas awarded $905,200 which will assist more than 900 residents resolve an estimated 442 titles.
  • Heirs’ property refers to property inherited without a will or legal documentation of ownership.

Heirs’ Property Grant of $75K Awarded by Federal Home Loan Bank of Dallas and Broadway Bank

Retrieved on: 
Thursday, February 22, 2024

The Federal Home Loan Bank of Dallas (FHLB Dallas) awarded $75,000 in Heirs’ Property Program grants to the Mexican American Unity Council (MAUC) through its member Broadway Bank.

Key Points: 
  • The Federal Home Loan Bank of Dallas (FHLB Dallas) awarded $75,000 in Heirs’ Property Program grants to the Mexican American Unity Council (MAUC) through its member Broadway Bank.
  • View the full release here: https://www.businesswire.com/news/home/20240222651286/en/
    Left to right: Jacob Cavazos, Broadway Bank, Fernando Godinez, Louie Escareno, Crystal Requejo and Adela Gonzalez of the Mexican American Unity Council and Mark Loya, FHLB Dallas.
  • The MAUC Homestead Preservation Center will utilize the funds to assist homeowners who want to maintain ownership of their homes.
  • The funds are part of $905,200 in Heirs’ Property Program grants that FHLB Dallas awarded through members in 2023.

Media Advisory: FHLB Dallas to Award $110K to Umphrey Lee Elementary School

Retrieved on: 
Tuesday, February 20, 2024

The Federal Home Loan Bank of Dallas (FHLB Dallas) will present a ceremonial check for $110,000 to Umphrey Lee Elementary School in DISD.

Key Points: 
  • The Federal Home Loan Bank of Dallas (FHLB Dallas) will present a ceremonial check for $110,000 to Umphrey Lee Elementary School in DISD.
  • The funds will be used for playground equipment and beautification, teacher incentives, technology, classroom furniture, classroom supplies, field trips, gym equipment and more.
  • The media is encouraged to attend the ceremonial check presentation at Umphrey Lee Elementary School, which will include representatives from FHLB Dallas.
  • For more information about FHLB Dallas and its community investment programs, visit fhlb.com .

Media Advisory: FHLB Dallas to Award $110K to Annie Webb Blanton Elementary School

Retrieved on: 
Tuesday, February 20, 2024

The Federal Home Loan Bank of Dallas (FHLB Dallas) will present a ceremonial check for $110,000 to Annie Webb Blanton Elementary School in DISD.

Key Points: 
  • The Federal Home Loan Bank of Dallas (FHLB Dallas) will present a ceremonial check for $110,000 to Annie Webb Blanton Elementary School in DISD.
  • The funds will be used for teacher incentives, technology, uniforms, field trips, furniture, school supplies, books, professional development and more.
  • The media is encouraged to attend the ceremonial check presentation at Annie Webb Blanton Elementary School, which will include representatives from FHLB Dallas.
  • For more information about FHLB Dallas and its community investment programs, visit fhlb.com .

Media Advisory: FHLB Dallas and Broadway Bank to Award $75,000 in Heirs’ Property Funds to the Mexican American Unity Council

Retrieved on: 
Friday, February 16, 2024

The Federal Home Loan Bank of Dallas (FHLB Dallas) and Broadway Bank will present a ceremonial check for $75,000 in Heirs’ Property Program (HEIRS) funds to the Mexican American Unity Council (MAUC).

Key Points: 
  • The Federal Home Loan Bank of Dallas (FHLB Dallas) and Broadway Bank will present a ceremonial check for $75,000 in Heirs’ Property Program (HEIRS) funds to the Mexican American Unity Council (MAUC).
  • The MAUC Homestead Preservation Center will utilize the funds to assist homeowners who want to maintain ownership of their homes.
  • The media is encouraged to attend the ceremonial check presentation at the Mexican American Unity Council, which will include representatives from the banks.
  • For more information about the Heirs’ Property Program, visit fhlb.com/heirs .

Federal Home Loan Bank of Des Moines Announces 2023 Fourth Quarter and Annual Results, Declares Dividend

Retrieved on: 
Friday, February 16, 2024

In addition, the Bank increased its activity stock requirement on advances from 4.00 percent to 4.50 percent.

Key Points: 
  • In addition, the Bank increased its activity stock requirement on advances from 4.00 percent to 4.50 percent.
  • The Board of Directors approved a fourth quarter 2023 dividend to be paid at an annualized rate of 9.00 percent on average activity-based stock, an increase of 0.50 percent from the prior quarter, and 3.55 percent on average membership stock, an increase of 0.55 percent from the prior quarter.
  • Dividend payments totaling $136 million are expected to be paid on February 23, 2024.
  • Net Income - The Bank recorded net income of $962 million in 2023 compared to $430 million in the prior year.

Employers Holdings, Inc. Reports Fourth Quarter 2023 and Full-Year Financial Results; Declares Quarterly Cash Dividend of $0.28 per Share

Retrieved on: 
Thursday, February 15, 2024

Chief Executive Officer Katherine Antonello commented: “We are thrilled with our fourth quarter and full-year 2023 results.

Key Points: 
  • Chief Executive Officer Katherine Antonello commented: “We are thrilled with our fourth quarter and full-year 2023 results.
  • Our fourth quarter full reserve study led to the recognition of $24.6 million of net favorable prior year loss reserve development from our voluntary business.
  • Beyond our financial results, we completed a full integration of Cerity’s operations into those of Employers during the fourth quarter.
  • During the fourth quarter of 2023, the Company repurchased 400,334 shares of its common stock at an average price of $38.40 per share.

Pinnacle Bankshares Corporation Announces Record High 2023 Earnings

Retrieved on: 
Thursday, February 15, 2024

Net income for the year ended December 31, 2023 was a record high $9,762,000, or $4.45 per basic and diluted share.

Key Points: 
  • Net income for the year ended December 31, 2023 was a record high $9,762,000, or $4.45 per basic and diluted share.
  • Fourth Quarter & 2023 Highlights include the following:
    Record High 2023 Net Income of $9,762,000 surpassed the previous annual record high net income of $8,242,000 achieved in 2022.
  • “We are very pleased to report Pinnacle’s record high earnings for 2023,” stated Aubrey H. Hall, III, President and Chief Executive Officer for both the Company and the Bank.
  • Pinnacle Bankshares Corporation is a locally managed community banking organization based in Central and Southern Virginia.

Aclaimant Embarks on Ambitious Journey to Risk Management Information System (RMIS) Leadership with New CEO Kathy Burns at the Forefront

Retrieved on: 
Thursday, February 15, 2024

Burns will take the helm immediately, succeeding David Wald, who will continue to lead the organization as President and Co-Founder.

Key Points: 
  • Burns will take the helm immediately, succeeding David Wald, who will continue to lead the organization as President and Co-Founder.
  • Burns brings over 30 years of experience in the insurance, technology and risk management industries, having served as CEO of Ventiv Technology, a solution provider of risk, insurance and underwriting technology solutions, from 2006 to 2015.
  • "Aclaimant stands at the forefront of transforming how businesses approach risk management" said Burns.
  • Aclaimant aims to catalyze the coming mass adoption of risk management technologies for companies who want to protect what matters most.