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Federal Home Loan Bank of Des Moines

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Board of Directors

FHLB Des Moines board is comprised of 24 directors: 13 member directors (14 allocated, with the Montana directorship currently vacant) and 10 independent directors. Three 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; Finance and Planning; Audit; Executive and Governance; Business Operations and Technology; Human Resources and Compensation; and Nominating.

The FHLB Des Moines Board of Directors is listed below:

Directory

J. Benson Porter

Chair

J. Benson Porter is president and chief executive officer of Boeing Employees’ Credit Union in Tukwila, Washington. Prior to joining BECU in April 2012, he served as president and chief executive officer of First Tech Credit Union in Palo Alto, California, from February 2007 – March 2012. He also served...

Ellen Lamale

Vice Chair

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...

Ruth Bennett

Ruth Rios Bennett is principal of RB Bennett Enterprises LLC, a real estate brokerage firm in Vancouver, Washington. Prior to establishing RB Bennett Enterprises in 2008, Ms. Bennett served as chief operating officer of Bonneville Power Administration, a federal electrical utility in Portland, Oregon, from 2003 to 2007. In this...

David Bobbitt

David Bobbitt is chair and chief executive officer of Community 1st Bank in Post Falls, Idaho, and brings over 43 years of community banking experience to the Bank’s board. Mr. Bobbitt chartered Community 1st Bank in June 2007, and the company has since grown to $74 million in assets. Mr....

Steven Bumann

Steven Bumann has more than 30 years of banking experience, and is currently the chief financial officer at BankWest, Inc. in Pierre, South Dakota. He has held this position since 1995. Prior to his current position, Mr. Bumann held various leadership roles within the financial industry, including vice president and...

Christine Camp

Christine Camp has served as a director on the board of Central Pacific Bank in Honolulu, Hawaii since 2004. During this 13 year tenure, she has served as Vice Chair of the Loan Committee and currently serves as the Chair of the Compensation Committee and as a member of the...

Marianne Emerson

Marianne Emerson is a highly accomplished information technology systems (IT) professional with over 15 years of experience in strategic planning and implementation of mission-critical, enterprise solutions for economists and financial services professionals. From 2007 - 2012, Ms. Emerson served as chief information officer for the Seattle Housing Authority, a public...

David Ferries

David J. Ferries is president, chief executive officer, and director of First Federal Bank & Trust in Sheridan, Wyoming. Prior to joining First Federal in 2002, he served as senior vice president of First Interstate Bank. Mr. Ferries is a director of the Whitney Benefits Educational Foundation and the Big...

Chris Grimm

Chris Grimm joined BANK as president and chief executive officer in 2001. Prior to accepting his current role at 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 College in Burlington, Iowa. Mr....

Eric Hardmeyer

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 chair of the North Dakota Bankers Association and currently serves on the board of directors of the Bismarck-Mandan Chamber of...

Douglas Hile

Douglas Hile has more than 35 years of banking experience, and is currently the president and chief executive officer (CEO) of KleinBank in Chaska, Minnesota. He has held executive roles in money center, super regional and community banking organizations, including roles as president and CEO of Minnesota banks since 1993....

Teresa Keegan

Teresa Keegan has over 30 years of financial management experience, including over 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,...

Michelle Keeley

Michelle Keeley most recently served as executive vice president of equities and fixed income investments for RiverSource Investments, LLC, a division of Ameriprise Financial Services in Minneapolis, Minnesota. Ms. Keeley led Minneapolis equity and fixed income teams, the firm’s Los Angeles-based leveraged loan business and the Real Estate Loan Management...

John Klebba

John Klebba has more than 25 years of banking experience and is president, chief executive officer and chairman of the board of Legends Bank in Linn, Missouri. He has been with the bank since 1991. Prior to joining Legends Bank, Mr. Klebba practiced corporate and banking law in Kansas City,...

James Livingston

James Livingston is executive vice president and director of Municipal and Institutional Services at ZB, National Association in Salt Lake City, Utah and president of Zions Public Finance, Inc. At ZB, National Association, Mr. Livingston oversees Zions' municipal portfolio, corporate trust, public finance and institutional customer interest rate risk hedging....

Lauren MacVay

Lauren MacVay has more than 22 years of banking experience and is currently the chief executive officer of True North Federal Credit Union in Juneau, Alaska. She has held this position since 2004. Prior to her current role, she held various leadership and management roles after joining True North Federal...

Mike McGowan

Michael McGowan is chair and chief executive officer of Daniel Capital Management Limited, which provides strategic consulting services and funding sources to private and public companies throughout the world. He is also currently a principal in several sustainable resource companies, including AlgEvolve, Inc. and Green Energy Corporation. He was the...

Elsie Meeks

Elsie Meeks served as state director of the USDA Rural Development in South Dakota since July of 2009. Prior to joining the USDA, Ms. Meeks was the president and CEO of First Nations Oweesta Corporation and was active in the development and management of The Lakota Funds, a small business...

Cynthia Parker

Cynthia Parker is president and chief executive officer of BRIDGE Housing Corporation, one of the nation’s largest owners and developers of affordable housing, headquartered in San Francisco, California. Previously, Ms. Parker served as regional president for Mercy Housing Inc., which develops affordable housing for low income families, seniors and people...

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 chair of EPCglobal Ltd in Sheffield, England from 2003 to 2004 and executive director of Amey Plc in London, England from 2000...

Robert Stuart

Mr. Stuart is president and chief executive officer of OnPoint Community Credit Union, a position he has held since 2006. Prior to his current role, Mr. Stuart spent 15 years serving in various executive positions with Bank of America. Most recently, he served as senior vice president, consumer banking for...

David Wilson

David Wilson is currently, and has been, the chief executive officer of Wilson Construction, LLC, a residential and commercial development company in Ketchum, Idaho, since 1977. Mr. Wilson serves as chair of the board at Idaho Housing and Finance Association (IHFA), and has been a member of that organization since...

John Kennedy

John Kennedy is the president and chief executive 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 St....

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