FHLB

Board of Directors

 

FHLB Des Moines board is comprised of 16 directors: nine member directors and seven independent directors. Two of the independent directors are public interest directors.

  • Member directors must be officers or directors of Des Moines Bank member institutions.
     
  • Independent directors are required to have knowledge or experience in one or more of the following areas: auditing and accounting, derivatives, financial management practices or the law.
     
  • Public interest directors are required to have at least four years experience representing consumer or community interests on banking services, credit needs, housing or financial services protections.

While directors generally serve a four-year term on the Bank’s board, some may serve shorter terms to ensure that approximately one-fourth of the terms expire each year. All directors serve on one or more of the Bank’s board committees: Mission, Member and Housing; Risk Management; Finance and Planning; Audit; Executive and Governance; Business Operations and Technology; Compensation.

FHLB Des Moines 2013 Board of Directors is listed below.

Directory
Dale Oberkfell
Chair of the Board
Dale Oberkfell has served in a variety of banking positions during his nearly 30 years in the financial services industry. Mr. Oberkfell is currently the executive vice president and chief financial officer for Midwest BankCentre in St. Louis, Missouri and treasurer and board secretary of Midwest BankCentre. Prior to joining...
Eric Hardmeyer
Vice Chair of the Board
Eric Hardmeyer joined the Bank of North Dakota in 1985 as senior vice president of lending before becoming president and chief executive officer in 2001. Mr. Hardmeyer is the past chairman of the North Dakota Bankers Association and also serves on the board of directors of the Bismarck-Mandan Chamber of...
Johnny Danos
Johnny Danos is Director of Strategic Development for LWBJ Financial in West Des Moines, Iowa. Previously, Mr. Danos was president of the Greater Des Moines Community Foundation in Des Moines, Iowa. He is the retired managing partner of the accounting firm of KPMG located in Des Moines, Iowa and has...
Gerald Eid
Gerald Eid has served as chief executive officer of Eid-Co Buildings, Inc. in Fargo, North Dakota since 1973. A second-generation builder, Mr. Eid has been in the building business and licensed as a realtor for more than 30 years. Founded in 1951, Eid-Co Buildings Inc. is one of the largest...
Michael Finley
Michael Finley has served since 1992 as president of Janesville State Bank in Janesville, Minnesota. Mr. Finley serves on the Political Action Committee Board of the Minnesota Bankers Association. He is also a founding member of the Minnesota Financial Group, a peer group of 15 bankers founded in 1988. Mr....
Van Fishback
Van Fishback is vice chairman of First Bank Trust in Brookings, South Dakota. Mr. Fishback joined First Bank Trust in 1972 and previously served as its president and chief executive officer. In addition, Mr. Fishback is currently vice chair of Fishback Financial Corporation, one of the South Dakotas largest privately...
Chris Grimm
Chris Grimm joined Iowa State Bank as its president and chief executive officer in 2001. Prior to accepting his current role at Iowa State Bank, Mr. Grimm held a number of positions unrelated to the financial services industry. The most recent as the small business development director for Southeastern Community...
Labh Hira
Labh Hira, PhD, is the dean emeritus and professor of Accounting at the College of Business at Iowa State University in Ames, Iowa. Dr. Hira recently returned to the accounting faculty after serving as interim president of the Iowa State University Foundation during 2012. He has held a variety of...
Teresa Keegan
Teresa Keegan has over 25 years of financial management experience, including 19 years in financial institutions primarily in the chief financial officer role. Ms. Keegan joined Fidelity Bank in 2002 as senior vice president and chief financial officer and is responsible for the areas of Finance, Operations, Human Resources, Audit...
John Kennedy
John Kennedy is executive vice president and chief financial officer for the St. Louis Equity Fund, Inc. in St. Louis, Missouri which invests in decent affordable rental housing developments financed through corporate and bank investment and in cooperation with local, state and federal governments. Mr. Kennedy has been with the...
Ellen Lamale
After a 34-year career at The Principal Financial Group (Principal), Ms. Lamale retired from her position as senior vice president and chief risk officer in March 2011. As an executive with Principal, Ms. Lamale was accountable for actuarial, internal audit and risk consulting, corporate treasury and capital markets. Ms. Lamale...
Clair Lensing
Clair Lensing has served as the president, chief executive officer and owner of Security State Bank in Waverly, Iowa since 1999. Mr. Lensing also owns two other banks located in Iowa: Citizens Savings Bank in Hawkeye and Maynard Savings Bank in Maynard. Previously, he served as president and chief executive...
Paula Meyer
Paula Meyer has 30 years of experience in the financial services industry as a senior executive. She retired in 2006 as president of the mutual fund and certificate businesses at Ameriprise Financial, focusing on board service since 2007. Ms. Meyer currently serves on the board of directors of Mutual of...
John Rigler
John P. Rigler II is president and CEO of State Bank and Trust Company. State Bank and Trust Company merged with Security State Bank in September 2011. Security State Bank was chartered in 1937 by Mr. Riglers grandfather and had been managed by the family since its inception. Mr. Rigler...
John Robinson
John Robinson has served as chairman of Hamilton Ventures, LLC, a consulting and investment company in Kansas City, Missouri. Mr. Robinson is an engineer with international experience as chairman of EPCglobal Ltd in Sheffield, England from 2003 to 2004 and executive director of Amey Plc in London, England from 2000...
Joseph Stewart
Joseph Stewart has served since 2004 as chairman of the board of BancStar, Inc., a three-bank holding company in St. Louis, Missouri, and as chief executive officer and director of Bank Star in Pacific, Missouri. He has worked in various capacities since joining the Bank Star Companies in 1994. In...
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