Announcements/Press Releases


2006 Press Release


Press Release

For Immediate Release:
November 9, 2006

Contact:
Angie Richards
515.281.1014
arichards@fhlbdm.com

D.R. Landwehr Re-elected to Home Loan Bank’s Board of Directors
Missouri banker to fill second three-year term on Bank board

(Des Moines, Iowa) – The Federal Home Loan Bank of Des Moines recently held its 2006 director elections for open seats on its board of directors. D.R. Landwehr, chairman, president and chief executive officer (CEO) of Community Bank of Missouri in Richmond, Missouri, was re-elected to his second term on the Bank’s board. His three-year term begins January 1, 2007.

Mr. Landwehr has more than 30 years of financial industry experience. He began his banking career in the mid-Missouri area and was CEO for three different banks before accepting the position of chairman, president and CEO of Condon National Bank in Coffeyville, Kansas in 1993. Mr. Landwehr left Condon National Bank in 1999 and organized Community Bank of Missouri, a de novo bank which opened in May 2001.

During his professional career, Mr. Landwehr has been active in several civic organizations. He is currently a director of Missouri Bancorp, Inc., a member of the Richmond Rotary Club, chair of the Hardin United Methodist Church and past president of the Richmond Chamber of Commerce. He is also an alumnus of Leadership Missouri and Leadership Kansas and has been recognized as a Paul Harris Fellow by Rotary International.

The Home Loan Bank’s board of directors is comprised of both industry and public interest directors from Iowa, Minnesota, Missouri, North Dakota and South Dakota. Bank members elect the industry directors while the Federal Housing Finance Board, the Bank’s Washington, DC based regulator, is responsible for appointing the public interest directors from both the public and private sector. As a $43 billion financial institution, the Home Loan Bank provides low-cost funding to more than 1,200 member banks, thrifts, credit unions and insurance companies for housing and community credit needs.

Dale Oberkfell, president and chief operating officer of Reliance Bank in Des Peres, Missouri, was elected to his first term on the Bank’s board of directors while Clair J. Lensing, president and CEO of Security State Bank in Waverly, Iowa and Lynn Schneider, president of American Bank & Trust in Huron, South Dakota, were re-elected to their second terms. Each director will serve a three-year term beginning January 1, 2007.
 
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The Federal Home Loan Bank of Des Moines is a wholesale cooperative bank that provides low-cost short and long-term funding and community lending to more than 1,200 members, including commercial banks, saving institutions, credit unions and insurance companies. The Bank is wholly owned by its members and receives no taxpayer funding. The Des Moines Bank serves Iowa, Minnesota, Missouri, North Dakota and South Dakota and is one of twelve regional Banks that make up the Federal Home Loan Bank System.
 
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