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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: 14 member directors 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: Member Committee; Housing and Community Investment Committee; 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, the Board’s chair, has served as president and CEO of Boeing Employees’ Credit Union (BECU), a not-for-profit financial corporation in Tukwila, Washington, since April 2012. Prior to joining BECU in April 2012, he served as president and CEO of First Tech Credit Union in Palo Alto, California,...

Ellen Lamale

Vice Chair

Ellen Z. Lamale, the Board’s vice chair, retired from her position as senior vice president and chief risk officer (CRO) of The Principal Financial Group (The Principal Financial Group is a registered trademark) (Principal) in March of 2011. Prior to her retirement, she served as senior vice president and CRO...

Ruth Bennett

Ruth B. Bennett has served as principal of RB Bennett Enterprises LLC, a real estate brokerage firm in Vancouver, Washington, since 2008. From 1973 to 2007, she served in various capacities at the Bonneville Power Administration, a federal electrical utility in Portland, Oregon, including chief operating officer (COO) from 2003...

David Bobbitt

David P. Bobbitt has served as chair and CEO of Community 1st Bank in Post Falls, Idaho, since 2007. Mr. Bobbitt previously served as president of Sterling Savings Bank in Spokane, Washington, from 2004 to 2006. His banking career has also included positions with Idaho First National Bank and West...

Steven Bumann

Steven L. Bumann has served as CFO at BankWest, Inc. in Pierre, South Dakota, since 1995. Mr. Bumann has more than 30 years of banking experience and had held various leadership roles within the financial industry, including vice president and senior vice president roles at BankWest, Inc. He also earned...

Christine Camp

Christine H. H. Camp has served as a director on the board of Central Pacific Bank in Honolulu, Hawaii since 2004. During her 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...

Marianne Emerson

Marianne M. Emerson served from 2007 to 2012 as chief information officer (CIO) for the Seattle Housing Authority, a public corporation providing affordable housing to more than 25,000 low-income Seattle residents. She retired from the Seattle Housing Authority in 2012. From 1982 to 2007, she served in a number of...

David Ferries

David J. Ferries is the vice president of First Federal Bank & Trust, in Sheridan, Wyoming, a position he has held since 2002. 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 during...

Chris Grimm

Chris D. Grimm joined BANK, Burlington, Iowa, as its president and CEO in 2001. Prior to accepting his current role at BANK, Mr. Grimm held a number of positions unrelated to the financial services industry. Mr. Grimm’s position as an officer of a member institution and his involvement in and...

Eric Hardmeyer

Eric A. Hardmeyer joined the Bank of North Dakota in Bismarck, North Dakota, in 1985 as senior vice president of lending before becoming president and CEO in 2001. Mr. Hardmeyer is the past chair of the North Dakota Bankers Association, past chair and current director of the Missouri Valley YMCA,...

Douglas Hile

W. Douglas Hile has served as CEO of KleinBank in Chaska, Minnesota, since July of 2009. Mr. Hile has more than 35 years of banking experience and has held executive roles in money center, super regional, and community banking organizations, including roles as president and CEO of Minnesota banks since...

Teresa Keegan

Teresa J. Keegan, senior vice president and CFO of Fidelity Bank in Edina, Minnesota, has been on the senior leadership team of Fidelity Bank since 2002. Ms. Keegan has over 30 years of financial management experience in the areas of finance, information technology, human resources, audit, and compliance. She serves...

Michelle Keeley

Michelle M. Keeley retired from her position as executive vice president of equities and fixed income investments for RiverSource Investments, LLC, a division of Ameriprise Financial Services in Minneapolis, Minnesota, in 2010. Prior to joining RiverSource, Investments, LLC, Ms. Keeley held a number of different investment and leadership positions, including...

John Kennedy

John F. Kennedy, Sr. is the president and CEO of St. Louis Equity Fund, Inc., a position he has held since June, 2015 and has served as executive vice president and CFO for the St. Louis Equity Fund, Inc. in St. Louis, Missouri from June of 2012 to June 2015....

Joe Kesler

Joe R. Kesler has served as a director of First Montana Bank in Missoula, Montana, and its holding company, First National Bancorp, Inc., since 2005. Mr. Kesler served as the president and CEO of First Montana Bank from 2005 to February 2018 and has over 40 years of experience in...

John Klebba

John A. Klebba has been the CEO and chairman of the board of Legends Bank in Linn, Missouri, and its holding company, Linn Holding Company since February 2004. He has been with the bank since 1991. Prior to that he was a partner in the Kansas City office of the...

James Livingston

James G. Livingston has served as executive vice president, senior vice president, and vice president at Zions Bank, a division of ZB, N.A., located in Salt Lake City, Utah, since 2017, 2011 and 2005, respectively. Prior to joining Zions in 2005, Mr. Livingston worked for Ziff Brothers Investments, in New...

Lauren MacVay

Lauren M. MacVay has more than 22 years of banking experience and is currently the CEO 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 Credit...

Mike McGowan

Michael W. McGowan has served as chair and CEO of Daniel Capital Management Limited, a global business and information technologies consulting firm, since 2007. He is also currently a principal in two software development companies, General UI, Seattle, Washington and BuildCapture.com, Missoula, Montana. He was the primary founder of Nova...

Elsie Meeks

Elsie M. Meeks served as state director of the United States Department of Agriculture (USDA) in South Dakota from July of 2009 to 2015. Prior to joining the USDA, Ms. Meeks was the president and CEO of First Nations Oweesta Corporation. She was active in the development and management of...

Cynthia Parker

Cynthia A. Parker has served as president and CEO of BRIDGE Housing Corporation, one of the nation’s largest owners and developers of affordable housing, headquartered in San Francisco, California, since 2010. Previously, Ms. Parker served as regional president for Mercy Housing Inc., a nonprofit organization that develops affordable housing, from...

John Robinson

John H. Robinson has served as chair of Hamilton Ventures, LLC, a consulting and investment company in Kansas City, Missouri, since 2004. Mr. Robinson is an engineer with international experience as chairman of EPCglobal Ltd in Sheffield, England, from 2003 to 2004, and executive director of Amey Plc in London,...

Robert Stuart

Robert A. Stuart has served as president and CEO of OnPoint Community Credit Union in Portland, Oregon, 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 the...

David Wilson

David F. Wilson is currently, and has been, the CEO of Wilson Construction, LLC, a residential and commercial development company in Ketchum, Idaho, since 1977. Mr. Wilson served on Idaho Housing and Finance from 2004 until 2016, and was chairman of the board from 2010 until 2016. He currently serves...

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