Federal Home Loan Bank of Atlanta Announces 2021 Director Election Results
ATLANTA, Nov. 17, 2021 (GLOBE NEWSWIRE) — The Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today announced the results of the 2021 election of directors. The bank held an election to fill the director positions. member director for Alabama and the District of Columbia, and an independent public interest director position representing members of the FHLBank Atlanta district. All elected directors will begin a four-year term beginning January 1, 2022.
Jimmy Stubbs was elected Director Member representing the State of Alabama, William L. “Chip” Lusk, Jr. was elected Director Member for the District of Columbia, and Brian McLaughlin was elected Public Member. independent director of interest.
Mr. Stubbs is Chairman and CEO and Director of River Bank & Trust in Prattville, Alabama. Under his leadership, the bank was established in 2006 and is one of the largest community banks headquartered in Alabama, with total assets of $2.3 billion. Mr. Stubbs has been a community banker in Alabama for more than 35 years and recently completed a term as president of the Alabama Bankers Association. He is currently a board member of several business and civic organizations, including the Business Council of Alabama, the Montgomery Area Committee of 100, the Montgomery Area Committee for the Arts, the Montgomery Area Chamber of Commerce, and the YMCA of Montgomery Endowment. Foundation. . Mr. Stubbs is an alumnus of the Alabama Leadership Class of 2007 and a member of the Tocqueville Society of River Region United Way and the Wetumpka Lions Club. He is a life member of the Auburn Alumni Association and the Alabama Cattlemen’s Association. Mr. Stubbs holds a bachelor’s degree from Auburn University and an executive MBA from Troy University.
Mr. Lusk is Managing Director of IDB Global Federal Credit Union in Washington, DC. With over $700 million in assets and over 10,000 members, IDB Global serves the Inter-American Development Bank community in over 75 countries and has been named one of the 200 Healthiest Credit Unions in the States States in 2020 and 2021. Prior to leading IDB Global, Mr. Lusk was Chief Operating Officer and Chief Financial Officer of Georgia’s Own Credit Union in Atlanta, and he held senior positions at FSGBank, NA and Pioneer Bank, all two in Chattanooga, Tennessee. He is currently a member of the District of Columbia Financial Literacy Council, a member of the DC Credit Union Foundation Board of Directors, and a member of the Finastra Phoenix Client Advisory Board. Previously, Mr. Lusk served on the board of Habitat for Humanity, the YoungLife Committee, Episcopal Migration Ministries and the Rotary Club. He earned his bachelor’s degree from the University of Georgia and an MBA from the University of Tennessee.
Mr. McLaughlin is president of Enterprise Community Development, Inc. in Baltimore. With a portfolio valuation of more than $1 billion spanning 115 mid-Atlantic communities and serving nearly 22,000 residents, Enterprise Community Development is the nation’s sixth-largest not-for-profit owner of affordable housing and the seventh-largest promoter, representing one of Enterprise Community Partners’ three divisions. . Enterprise Community Partners is a national, nonprofit organization that develops community programs, advocates affordable housing policy, and invests capital to build and preserve affordable housing. Mr. McLaughlin has held a variety of technical and leadership roles over his 24-year career in mission-driven organizations seeking to expand housing and economic opportunity, including eight years with Fannie Mae in roles such as the company’s short sale product line during the Great Recession and serving as a special assistant to the President and CEO. Mr. McLaughlin was recognized for his work expanding financing products to small businesses and neighborhood businesses in Maryland during his tenure at the state’s Department of Housing and Community Development, where he led its largest division. government responsible for neighborhood revitalization programs and investments. . He has served on the boards of several organizations, including Neighborhood Housing Services of Baltimore, the Fund for Educational Excellence, the Community Preservation and Development Corporation, and the Northern Virginia Affordable Housing Alliance. He earned his bachelor’s degree with honors from Duke University, a master’s degree in urban planning from MIT, and a master’s degree in economics from American University.
“We are thrilled to have these three highly qualified individuals join our Board of Directors,” said Rick Whaley, Chairman of the Board of FHLBank Atlanta. “I have no doubt that Mr. Stubbs and Mr. Lusk will draw on the full depth and breadth of their individual experiences to represent members of their states, and Mr. McLaughlin’s background and experience will help us to maintain a comprehensive view of the credit and housing finance needs of consumers and communities in our district,” Whaley said.
About FHLBank Atlanta
FHLBank Atlanta offers competitively priced financing, community development grants, and other banking services to help member financial institutions make affordable home loans and provide economic development credit to neighborhoods and communities. The Bank’s members – its shareholders and customers – are commercial banks, credit unions, thrift institutions, community development financial institutions and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia and the District of Columbia. . FHLBank Atlanta is one of 11 district banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have provided approximately $7 billion in Affordable Housing Program funds, helping more than 990,000 households.
For more information visit our website at www.fhlbatl.com.
CONTACT: Peter E. Garuccio
Federal Home Loan Bank of Atlanta