Federal Home Loan Banks

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

Retrieved on: 
Tuesday, February 20, 2024
Other Philanthropy, Construction & Property, Banking, Professional Services, Philanthropy, Primary, Secondary, Education, Other Construction & Property, FHLB, Federal Home Loan Banks, DISD, Tutoring

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
Finance, Banking, Professional Services, Public Policy, Government, Philanthropy, State, Local, Fund Raising, Primary, Secondary, Other Philanthropy, Education, Federal Home Loan Banks, DISD, Book, Tutoring

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
Construction & Property, Finance, Urban Planning, Banking, Professional Services, Philanthropy, Foundation, Other Philanthropy, Other Construction & Property, Residential Building & Real Estate, Federal Home Loan Banks, Tax, Broadway Bank

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
Expense, Federal Home Loan Banks, Investment, Bank, Growth, AHP, Organization, Capital, Housing, Asset

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
Regulation, Federal Home Loan Banks, LPT, PIN, Investment, Share repurchase, Growth, EIG, GAAP, Sarbanes, Webcast, Interest, Cloud computing, Finance, Appetite, Reinsurance

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
First National Bank, Federal Home Loan Banks, Town, Bank, City, CECL, Sale, Nature, Habit, ACL, Asset, Uncertainty, Capital, OTCQX, Liquidity, Housing, Insurance, Accounting

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
RMIS, Federal Home Loan Banks, Burns, Risk management, Digital, Entrepreneurship, Risk, Organization, The Connector, Risk management information systems, Insurance, Management

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.

FHLBank San Francisco Names Beerling, Risdon, and Whitsett to Affordable Housing Advisory Council

Retrieved on: 
Wednesday, February 14, 2024
SAN, ARCHES, Federal Home Loan Banks, City, Grant, Water, Advisory Council, Supportive housing, Consortium, Government, Homelessness, Stanford University, Policy, Yale University, Public policy, Child, Arizona State University, Corporation, Development, Housing, Research, Urban planning, Woman, Management

SAN FRANCISCO, Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is pleased to announce the appointment of Maryann Beerling, Mee Heh Risdon and Andrea Whitsett to its Affordable Housing Advisory Council (Advisory Council).

Key Points: 
  • SAN FRANCISCO, Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is pleased to announce the appointment of Maryann Beerling, Mee Heh Risdon and Andrea Whitsett to its Affordable Housing Advisory Council (Advisory Council).
  • The Advisory Council provides FHLBank San Francisco with expert guidance on affordable housing and economic development issues.
  • She has over 25 years of experience working with nonprofits and government agencies in affordable housing and project development.
  • During her career, she has worked on all aspects of affordable housing including feasibility analysis, acquisitions, planning, and project management.

Tri-County Financial Group, Inc. Reports Fourth Quarter 2023 Financial Results

Retrieved on: 
Tuesday, February 13, 2024
Federal Home Loan Banks, First State Bank, First, Sale, FHLB, OTCQX, Bank

MENDOTA, Ill., Feb. 13, 2024 /PRNewswire/ -- Tri-County Financial Group, Inc. (The Company) (OTCQX: TYFG) today announced financial results for the fourth quarter of 2023.

Key Points: 
  • MENDOTA, Ill., Feb. 13, 2024 /PRNewswire/ -- Tri-County Financial Group, Inc. (The Company) (OTCQX: TYFG) today announced financial results for the fourth quarter of 2023.
  • Net income for the fourth quarter of 2023 was $2.3 million ($0.94 per share), compared to $2.3 million ($0.92 per share) during the fourth quarter of 2022.
  • The net interest margin was 3.02% for the fourth quarter of 2023, compared to 3.27% for the fourth quarter of 2022.
  • Non-interest expense was $11.6 million during the quarter ended December 31, 2023, compared to $10.2 million for the fourth quarter of 2022, an increase of $1.4 million, or 14%.

Federal Home Loan Bank of San Francisco Now Accepts Mortgage Collateral Using VantageScore 4.0 – Expanding Number of Diverse and Creditworthy Mortgage Applicants

Retrieved on: 
Monday, February 12, 2024
SAN, Algorithm, Federal Home Loan Banks, American Dream, Fannie Mae, VantageScore, Urban Institute, SVP, Bank, Federal Housing Finance Agency, Government, Safety, Ecosystem, Patelco Credit Union, Freddie Mac, Social, Housing, Urban

By expanding the kind of mortgage collateral eligible to be pledged by member financial institutions borrowing from FHLBank San Francisco, lenders will be able to increase the amount of creditworthy mortgage applicants and include many underserved borrowers left out by conventional models.

Key Points: 
  • By expanding the kind of mortgage collateral eligible to be pledged by member financial institutions borrowing from FHLBank San Francisco, lenders will be able to increase the amount of creditworthy mortgage applicants and include many underserved borrowers left out by conventional models.
  • “We know there are millions of creditworthy borrowers aspiring to be homeowners who are falling through the cracks,” said Teresa Bryce Bazemore, President and CEO of the Bank of San Francisco.
  • Notably, FHLBank San Francisco is the first in the Federal Home Loan Bank System to accept collateral that uses VantageScore’s predictive and inclusive credit scoring model.
  • In that report, FHLBank San Francisco highlighted the VantageScore 4.0 model as being more inclusive and particularly effective in communities currently excluded from the mortgage marketplace.