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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 25 directors: 15 member directors and 10 independent directors. Four 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

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 president and chief financial officer for Midwest BankCentre in St. Louis, Missouri and treasurer and chief financial officer of Midwest BankCentre, Inc. Prior to joining...

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...

Michael Blodnick

Michael J. Blodnick is the chief executive officer of Glacier Bank and the president and chief executive officer of Glacier Bancorp, Inc in Kalispell, Montana. Mr. Blodnick brings over 37 years of community banking experience to the Bank’s board and has worked in all facets of the banking business. Mr....

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...

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 Ferries is president, chief executive officer and director of First Federal Savings Bank, a $226-million mutual bank in Sheridan, Wyoming. Prior to joining First Federal in 2002, he served as senior vice president of First Interstate Bank where he held a variety of increasingly responsible positions. Mr. Ferries is...

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 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....

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...

Russell Lau

Russell Lau is president and chief executive officer of Finance Enterprises, Ltd. and vice chair and chief executive officer of Finance Factors, Ltd. in Honolulu, Hawaii. As chief executive officer of Finance Factors, the largest Hawaii-owned, financial-services loan company, he has directed a major strategic restructuring effort for the institution....

James Livingston

James Livingston is senior 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....

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...

J. Benson Porter

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...

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...

Joseph Stewart

Joseph Stewart has served since 2004 as chairman of the board of BancStar, Inc., a two-bank holding company in St. Louis, Missouri, and as chief executive officer of Bank Star in Pacific, Missouri. He has worked in various capacities since joining the Bank Star Companies in 1994. Mr. Stewart is...

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...

Robert Teachworth

Robert Teachworth has more than 38 years of financial institution experience, including 24 years as a chief executive officer. He is currently president and chief executive officer of Denali Federal Credit Union in Anchorage, Alaska. Mr. Teachworth is a founding board member of the National Association of Credit Union Service...

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...

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