New Directors Elected to FHLBank Indianapolis Board
The Federal Home Loan Bank of Indianapolis, commonly known as FHLBank Indianapolis, has recently announced the election results for its Board of Directors. This significant event highlights the important changes in leadership that will take place as the newly elected members begin their terms on January 1, 2025.
Introducing the Indiana Member Directors
Two new Indiana Member Directors were elected to join the board, each bringing a wealth of experience from their respective backgrounds:
Dan L. Moore
Dan L. Moore serves as the executive chairman at Home Bank, S.B., based in Martinsville. He has had an illustrious career, previously holding the positions of chairman, president, CEO, and director. His extensive involvement with the board spans over a decade from 2011 to 2022, including a period as Board Chair from 2019 to 2022. Moore’s expertise also includes serving as the Chairman of the Council of Federal Home Loan Banks in 2022, showcasing his leadership skills and commitment to community financial services.
Jamie R. Shinabarger
Jamie R. Shinabarger is the CEO of Springs Valley Bank & Trust Co. located in Jasper. He plays a crucial role on the board of his bank and is actively involved with its holding company, SVB&T Corp., in French Lick. Shinabarger’s leadership at Springs Valley Bank highlights the synergy between banking and community development.
Welcoming the New Independent Directors
In addition to the Indiana Member Directors, three independent directors have also been elected to the board:
Kathryn M. Dominguez
Kathryn M. Dominguez is a distinguished professor of public policy and economics at the University of Michigan's Gerald R. Ford School of Public Policy, Ann Arbor. As the school's Associate Dean for Academic Affairs and co-faculty director of the Center on Finance, Law and Policy, her academic experience is pivotal for the bank's strategic direction. Dominguez was appointed as an Independent Director to fill a partial term in 2023 and now serves as the Vice Chair of the Risk Oversight Committee, ensuring that the bank's operations adhere to high standards of risk management.
Charlotte C. Henry
Charlotte C. Henry, the former chief information technology officer for the UAW Retiree Medical Benefits Trust in Detroit, has been on the board since 2017. As Vice Chair of the Security and Technology Committee, she brings critical expertise in cybersecurity and the technological advancements necessary for contemporary banking operations.
Todd E. Sears
Todd E. Sears serves as Vice President of Development at Cohen Esrey in Indianapolis. His background includes roles such as chief investment officer at Valeo Financial Advisors and executive positions focused on research and strategy at Kittle Property Group. Sears's commitment to community interests is reflected in his contributions to the Affordable Housing Advisory Council from 2012 to 2018, making him a valuable addition to the board as a Public Interest Independent Director.
Understanding the Board Structure
The Federal Housing Finance Agency plays a crucial role in determining the structure and composition of the FHLBank Indianapolis Board. Annually, the agency designates a majority of the board positions as member directorships while ensuring that a fair representation of independent directors is maintained. This strategic selection aims to foster diverse perspectives and insights essential for effective governance.
FHLBank Indianapolis: A Commitment to Community Banking
FHLBank Indianapolis is part of the larger Federal Home Loan Bank System, established by Congress to ensure access to low-cost funding for member financial institutions. Focusing on serving the housing and small business needs of their clients, FHLBanks operate as independent regional cooperative banks, funded by private capital without relying on Congressional appropriations. This unique structure allows FHLBank Indianapolis to support community development through partnerships with various financial institution members.
Media Contact Information
For further inquiries, please reach out to:
Scott Thien, Sr. Communications Lead
317-902-3103
sthien@fhlbi.com
Frequently Asked Questions
What is the role of the FHLBank Indianapolis?
FHLBank Indianapolis provides low-cost funding to financial institutions focusing on housing and small business needs.
Who are the newly elected directors for the FHLBank Indianapolis?
The new directors include Indiana Member Directors Dan L. Moore and Jamie R. Shinabarger, along with Independent Directors Kathryn M. Dominguez, Charlotte C. Henry, and Todd E. Sears.
How often is the FHLBank Board elected?
The Board holds elections annually, with members serving terms that typically last four years.
What are the responsibilities of independent directors?
Independent directors provide oversight, risk management, and strategic guidance to ensure the bank operates effectively and adheres to regulatory standards.
How does FHLBank support local communities?
FHLBank Indianapolis supports local communities by funding initiatives that help meet housing demands and promote economic development through collaborations with member institutions.
