FHLBNY Appoints New Board Members

Author

Slice of Finance Team
22 Jul

Key Highlights:

  • José Rafael Fernández, Steven M. Klein, and William J. Turner, Jr. join FHLBNY Board.

  • Fernández represents Puerto Rico and U.S. Virgin Islands members.

  • Klein and Turner represent New York members.

  • Appointments fill vacant Member Director seats due to retirements.

  • FHLBNY serves 336 member institutions across multiple regions.

Source (Globe Newswire)

Notable Quote:

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"Mr. Fernández, Mr. Klein, and Mr. Turner will make outstanding additions to our Board, and the expertise and insights they bring to their new roles will benefit our entire cooperative. I speak on behalf of all my fellow Directors when I welcome our three newest members to the Board, and look forward to working together to help further the positive impact the FHLBNY has on its member institutions and the communities we all serve."

Larry E. Thompson, Chairman at FHLBNY

Our Take:

The Federal Home Loan Bank of New York's decision to appoint José Rafael Fernández, Steven M. Klein, and William J. Turner, Jr. to its Board is a strategic move that underscores the institution's commitment to leveraging diverse expertise for the benefit of its member institutions. Fernández's leadership at Oriental Bank and his representation of Puerto Rico and the U.S. Virgin Islands bring a critical regional perspective. Klein and Turner's extensive experience in the banking and insurance sectors, respectively, will undoubtedly enhance the FHLBNY's governance and its mission to support housing and local community development. These appointments reflect a forward-thinking approach to strengthening the Board's capabilities in navigating the evolving financial landscape.