FHLBank Pittsburgh Releases Results of Board Elections [Professional Services Close – Up]

The Board of Directors of the Federal Home Loan Bank of Pittsburgh (FHLBank) announced the results of recent elections.

According to a release, new Pennsylvania Member Director - The FHLBank's members elected Frederick E. Schea, President and Chief Executive Officer of First Savings Bank, Perkasie, Pa. In addition to serving as President and CEO, Schea is Chairman and Director of First Savings Insurance, a full-service property and casualty agency. He has also served as the chief financial officer of several financial institutions.

New Independent Director - The FHLBank's members elected one non- incumbent director to a newly created independent directorship. The new director is Pamela H. Godwin, formerly an insurance industry executive. Since 2001, she has served as President of Change Partners, Inc.Change Partners works with clients on change and growth initiatives on an individual and organizational level.

Godwin spent six years at Providian Corp., Valley Forge, Pa., where she served as President and Chief Operating Officer of the Academy Insurance Group and President and Secretary of National Liberty Life Insurance Company. Earlier, she spent 14 years at Colonial Penn Group, Inc., Philadelphia, Pa., where she served as Senior Vice President of Property/Casualty Claims. In addition, she was President and Chief Operating Officer for the GMAC Insurance Personal Lines Agency Division.

Godwin and Schea will begin their terms on January 1, 2013.

Incumbent Pennsylvania Member Director - The FHLBank's members re- elected one member director, John S. Milinovich, Executive Vice President, Treasurer and Chief Financial Officer of Washington Financial Bank.

Incumbent Independent Directors - The FHLBank's members re- elected two non-member independent directors. Re-elected directors are Patrick A. Bond, Founding General Partner at Mountaineer Capital, LP, Charleston, W.Va., and Brian A. Hudson, Executive Director and Chief Executive Officer of the Pennsylvania Housing Finance Agency.

New Delaware Member Directors - As previously announced in August, two member director nominees in Delaware - Carlos M. Garcia, Senior Executive Vice President, Sovereign Bank, N.A. and Gary T. Prizzia, Treasurer, Genworth Life Insurance Company - were elected to serve on the Board for terms beginning January 1, 2013.

Other Directors Serving on the FHLBank Pittsburgh Board of Directors - In addition to the directors-elect listed above, FHLBank Pittsburgh's Board of Directors for 2013 also includes the following members: Dennis S. Marlo, Chairman; John K. Darr, Vice Chairman; Maureen Breakiron-Evans; Rev. Luis A. Cortes, Jr.; William C. Marsh; Charlotte B. McLaughlin; Lynda A. Messick; Charles J. Nugent; Bradford E. Ritchie and Patrick J. Ward.

FHLBank Pittsburgh is a wholesale bank that serves the housing finance and community and economic development needs of its owner- members.

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