FHLBank Atlanta conducts election
The Federal Home Loan Bank of Atlanta (Bank) is conducting an election to fill one public interest independent directorship on its board of directors for a four-year term that begins on Jan. 1, 2018. Eligible institutions throughout the bank’s district will elect the public interest independent director. The bank’s board of directors has nominated current bank director Robert L. Strickland Jr., executive director, Alabama Housing Finance Authority, Montgomery, AL, for re-election to the public interest independent directorship.
Your institution’s vote is important, and the bank encourages you to participate in the election. An independent director nominee must receive at least 20 percent of the votes eligible to be cast to be elected.
Earlier this year, the bank solicited nominations from members in Alabama for nominees for the Alabama member directorship. Since current Bank director Travis “Tra” Cosby, chairman of the board, First Community Bank of Central Alabama, Wetumpka, AL, was the only individual who was nominated to accept nomination for the Alabama member directorship on Aug. 21, he was deemed re-elected without further action pursuant to 12 C.F.R. § 1261.8(c). The bank will include Cosby as the director-elect from Alabama. He will serve a four-year term beginning on Jan. 1, 2018.
The deadline for the Bank to receive completed ballots is 5 p.m. ET, Sept. 20.