Craig E. Dahl of Juneau, Alaska, Re-elected Vice-Chair
The Federal Home Loan Bank of Seattle (Seattle Bank) today announced the election of William V. Humphreys as chairman of the Seattle Bank's Board of Directors and the re-election of Craig E. Dahl as vice chair of the Board of Directors. Mr. Humphreys and Mr. Dahl were elected to serve two-year terms as chair and vice chair, respectively.
William V. Humphreys is president, chief executive officer, and director of Citizens Bancorp and its subsidiary, Citizens Bank, headquartered in Corvallis, Oregon. He has more than 36 years of banking experience, including 23 years as chief executive officer of a community bank. He has served as a director of the Oregon Bankers Association and the American Bankers Association, as well as chairman of the State of Oregon Banking Board. He is currently a faculty member at Oregon Bankers Association Directors College. He has a bachelor's degree from Western Oregon University and graduated with honors from the School for Bank Administration at the University of Wisconsin.
Mr. Humphreys has served on the Seattle Bank's Board of Directors since 2006. He is currently chair of the board's Executive Committee and serves on the board's Audit and Compliance Committee and Governance, Budget and Compensation Committee. As chairman of the board, Mr. Humphreys succeeds Mike C. Daly, who has served on the Seattle Bank's board since March 2002 and as its chairman since May 2005. Mr. Humphreys' current term extends through 2012.
Craig E. Dahlis president, chief executive officer, and director of Alaska Pacific Bancshares, Inc. and its subsidiary, Alaska Pacific Bank, headquartered in Juneau, Alaska. Mr. Dahl serves on the American Bankers Association Government Relations Council Administrative Committee and has served as president of the Alaska Bankers Association. He is an active member of Rotary District 5010, the Glacier Valley Rotary Club, and the Juneau Chamber of Commerce. Mr. Dahl is a graduate of Seattle University.
Mr. Dahl has been a member of the Seattle Bank's Board of Directors since June 2004, and has served as vice chair since May 2005. He is vice chair of the board's Executive Committee and serves on the board's Audit and Compliance Committee and Financial Operations and Affordable Housing Committee. Mr. Dahl served as chair of the Audit Committee from January 2006 through December 2009. His current term extends through 2013.
The Seattle Bank's Board of Directors comprises financial service, business, and community leaders from across the Seattle Bank's district. In 2010, the Seattle Bank's board will include 16 directors: nine member directors and seven independent directors. Three of the independent directors are public interest directors.
- Member directors must be officers or directors of Seattle Bank member institutions.
- Independent directors are required to have knowledge or experience in one or more of the following areas: auditing and accounting, derivatives, financial management, organizational management, project development, risk management practices, or the law.
- Public interest directors are required to have at least four years of experience representing consumer or community interests on banking services, credit needs, housing, or financial consumer protections.
A complete listing of the Seattle Bank's Board of Directors is available on the bank's Web site at www.fhlbsea.com.
About the Seattle Bank
The Federal Home Loan Bank of Seattle is a financial cooperative that provides liquidity, funding, and services to enhance the success of its members and support the availability of affordable homes and economic development in the communities they serve. Our funding and financial services enable approximately 375 member institutions to provide their customers with greater access to mortgages, commercial lending, and affordable housing. The Seattle Bank commits 10 percent of its annual profits to help fund affordable housing and homeownership.
The Seattle Bank serves commercial banks, credit unions, thrifts, industrial loan corporations, and insurance companies in Alaska, Hawaii, Idaho, Montana, Oregon, Utah, Washington, and Wyoming, as well as in the U.S. territories of American Samoa and Guam and Commonwealth of the Northern Mariana Islands.
The Seattle Bank is one of 12 Federal Home Loan Banks in the United States. Together, the Federal Home Loan Banks represent one of the country's largest private sources of liquidity and funding for community financial institutions, as well as funding for affordable housing.
Contacts:
Federal Home Loan Bank of Seattle
Connie Waks, 206-340-2305
cwaks@fhlbsea.com