Press Release

For Immediate Release:
January 3, 2007

Contact:
Angie Richards
515.281.1014
arichards@fhlbdm.com

Randy Railsback Appointed to FHLB Des Moines Advisory Council

(Des Moines, Iowa) – Randy Railsback, executive director of Green Hills Regional Planning Commission in Trenton, Missouri, was recently appointed to serve on the Federal Home Loan Bank of Des Moines’ Affordable Housing Advisory Council (AHAC). His three-year term began January 1, 2007.

With more than 20 years of experience in rural community and economic development, Mr. Railsback has received nationwide attention for innovative community development practices. He has served as executive director of the Green Hills Regional Planning Commission for over four years and has overseen projects intended to foster improved quality of life throughout communities in an 11-county region. Previously, Mr. Railsback was executive director of the Northwest Regional Council of Governments in Maryville, Missouri for more than 11 years.

Mr. Railsback is also involved in several professional organizations. He is the past president of the Missouri Rural Opportunity Council, and the current president of the Missouri Association of Council of Governments. Furthermore, he serves on the board of directors for the Small Business Development Centers, Northwest Workforce Investment, Heartland Community Foundation and Bank Midwest Community Reinvestment Corporation.

The AHAC advises the FHLB on housing and economic development programs and needs. Advisory council members are a diverse group of people from across the FHLB’s five-state district of Iowa, Minnesota, Missouri, North Dakota and South Dakota and typically have an extensive housing and economic development background.

Dan Buck, chief executive officer of St. Patrick Center in St. Louis, Missouri; Francisco Hernandez, marketing specialist for Iowa Finance Authority in Des Moines, Iowa; and Tonya White Mountain, loan packager for Standing Rock Housing Authority in Fort Yates, North Dakota were appointed to their first terms on the AHAC. Paul Rechlin, executive director of CommunityWorks North Dakota in Bismarck was re-appointed to another three-year term on the Bank’s advisory council.

 

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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.