FHLBank Atlanta's Board of Directors: Guiding the Cooperative
March 2016 - The strength of the FHLBank Atlanta cooperative is dependent on the engagement of its shareholders. Fostering this engagement is a critical responsibility of the FHLBank Atlanta Board of Directors. The Atlanta Board is made up of 14 directors: eight member directors representing financial institutions (commercial banks, credit unions, thrifts, and insurance companies) in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia and six independent directors. In addition to representing the Bank’s shareholders by region, directors can also represent the Bank’s membership by industry segment. For example, the majority of the Bank’s shareholders are community banks; the board composition is representative of this, with seven directors who are community bankers.
The director election is an important opportunity for shareholders to influence the governance and management of the Bank. Directors of FHLBank Atlanta fulfill an important role in driving the Bank’s success and guiding its focus on creating and returning shareholder value. They have significant oversight of the Bank’s strategy, financial planning, risk management, credit and collateral policies, and affordable housing and community investment activities.
FHLBank Atlanta has thrived and delivered strong financial results despite the challenges of an uncertain economic and regulatory environment. Much of that success can be credited to the valuable contributions of the board of directors.
In June, the Bank will begin the process of formally soliciting nominations for open directorships on the FHLBank Atlanta Board of Directors for terms commencing January 1, 2017. We encourage shareholders to be involved throughout the election process to support the guidance and oversight of the Bank’s strategic direction.