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2016 Director Election

2016 Director Election

The Federal Home Loan Bank of Atlanta (Bank) is conducting an election to fill two member directorships and two independent directorships on its board of directors. Each institution that was a member of the Bank as of December 31, 2015, or that is the acquirer of or successor in interest to such an institution, is eligible to participate in the election. Eligible institutions in Virginia and North Carolina will elect one member director. Eligible institutions in the Bank’s district at-large will elect one independent director and one public interest independent director.

Nominations for the member directorship are due by 5 p.m. on July 11, 2016. Individuals interested in being considered for an independent directorship must complete and return the application and related forms, available below, to FHLBank Atlanta by 5 p.m. on July 11, 2016. Pursuant to the Bank’s board-approved Equal Opportunity Policy Statement, which is available on the Bank’s website, the Bank encourages the consideration of diversity in nominating or soliciting nominees for positions on the Bank’s board of directors.

Member Director Election
Important information related to the nomination of member directors has been sent to eligible institutions in Virginia and North Carolina. Nominations for the member directorship are due by 5 p.m. on July 11, 2016.

The term of each member directorship being filled in this election begins on January 1, 2017, and ends on December 31, 2020.

Member Director Eligibility

  • To be eligible for the North Carolina member directorship, an individual must be a citizen of the United States and serve as an officer or director of a current Bank member institution that (a) is located in North Carolina, (b) meets all minimum capital requirements established by its appropriate federal banking agency or appropriate state regulator, and (c) was a member of the Bank as of December 31, 2015.
  • To be eligible for the Virginia member directorship, an individual must be a citizen of the United States and serve as an officer or director of a current Bank member institution that (a) is located in Virginia, (b) meets all minimum capital requirements established by its appropriate federal banking agency or appropriate state regulator, and (c) was a member of the Bank as of December 31, 2015.
  • Any individual who has been elected to three consecutive full terms on the Bank’s board may not serve a fourth term until two years after the expiration of the third consecutive term.

Independent Director Election
The terms of the independent directorships being filled in this election begin on January 1, 2017, and end on December 31, 2020.

Independent Director Eligibility

  • An independent director must be a citizen of the United States and a bona fide resident of the Bank’s district.
  • To serve as an independent director, an individual must have knowledge of, or experience in, one or more of the following areas: auditing and accounting, derivatives, financial management, organizational management, project development, risk management practices, and the law.
  • To serve as a public interest independent director, an individual must have more than four years of experience in representing consumer or community interests in banking services, credit needs, housing or consumer financial protection.
  • An individual may not serve as an independent director if he or she is an officer of any Federal Home Loan Bank, or a director, officer, or employee of any member of the Bank, or of any recipient of advances from the Bank. 
  • Any individual who has been elected to three consecutive full terms on the Bank’s board may not serve a fourth term until two years after the expiration of the third consecutive term.

Independent Director Election Application and Nomination Process

  • Individuals interested in being considered for the independent directorship or the public interest independent directorship must complete and return to the Bank, by 5 p.m. on July 11, 2016, the application and related forms that are available at the link below. The Bank will not accept any application received after 5 p.m. on July 11, 2016. 
  • Deliver completed forms to Tina Carew, Legal Department, Federal Home Loan Bank of Atlanta, 1475 Peachtree Street NE, Atlanta, GA 30309.
  • The Bank’s board, in consultation with the Bank’s Affordable Housing Advisory Council, will select independent director nominees and deliver the application of such nominees to the Federal Housing Finance Agency for review.

Independent Directorship Application Requirements
Applicants for the independent directorship with the Bank must complete the following forms:


Preliminary 2017 Board Meeting Schedule
Directors are strongly encouraged to attend all meetings of the board and board committees on which the director serves. The preliminary 2017 board meeting schedule is provided below. Individuals interested in being considered for either independent directorship are encouraged to review the 2017 board meeting schedule, noting the time commitment involved with this position, and to proactively examine any potential conflicts with accepting a position for Federal Home Loan Bank board service prior to applying.

Click here for the preliminary 2017 board meeting schedule.

If you have questions, please contact Tina Carew at 404.888.8549 or tcarew@fhlbatl.com.

 

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