Press
Release
For Immediate Release:
November 9, 2006
Contact:
Angie Richards
515.281.1014
arichards@fhlbdm.com
Missouri
Banker Elected to Home Loan Bank’s
Board of Directors
Dale Oberkfell to fill 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. Dale Oberkfell,
president and chief operating
officer (COO) of Reliance Bank in
Des Peres, Missouri, was elected to
a three-year term on the Bank’s
board beginning January 1, 2007.
With nearly 30 years of financial
industry experience, Mr. Oberkfell
has served in a variety of banking
positions. In May 2005, he joined
Reliance Bank as president and COO
and also serves as executive vice
president of Reliance Bank’s holding
company, Reliance Bancshares, Inc.
He is a licensed Certified Public
Accountant and is active in the
American Institute of Certified
Public Accountants.
Mr. Oberkfell has a long history of
community and civic service. He
currently serves in several
capacities within the Washington
University John M. Olin School of
Business Alumni Association and has
held board positions for several
organizations, including the West
County YMCA, St. Louis Children’s
Choir and Young Audiences. Mr.
Oberkfell has also served as
president of the Town & Country
Chamber of Commerce and the American
Institute of Banking.
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.
D.R. Landwehr, president and chief
executive officer of Community Bank
of Missouri in Richmond, Missouri;
Clair Lensing, president and chief
executive officer of Security State
Bank in Waverly, Iowa; and Lynn
Schneider, president of American
Bank & Trust in Huron, South Dakota,
were re-elected to the Bank’s board
of directors. Each director will
serve a three-year term beginning
January 1, 2007.
