Home Business FHLBNY Announces Results of 2015 Board of Director Elections

FHLBNY Announces Results of 2015 Board of Director Elections

New York, NY – November 16, 2015 – (RealEstateRama) — The Federal Home Loan Bank of New York (“FHLBNY”) announced today the results of the 2015 election for four positions on the FHLBNY’s Board of Directors whose terms will each commence on January 1, 2016. All four terms will run for four years, expiring on December 31, 2019.

The specific results of the election, which took place on November 6, 2015, were as follows:

John R. Buran and Thomas L. Hoy were re-elected by the FHLBNY’s eligible New York members to serve as Member Directors representing New York. Both currently serve on the FHLBNY’s Board, and their current terms expire on December 31, 2015.

Rev. DeForest B. Soaries, Jr. was re-elected and Caren Franzini was elected by the FHLBNY’s eligible districtwide members to serve as Independent Directors. Rev. Soaries is the senior pastor of the First Baptist Church of Lincoln Gardens, Somerset, New Jersey, and currently serves on the FHLBNY’s Board; his current term expires on December 31, 2015.

More