SAN FRANCISCO – February 19, 2013 – The board of directors of the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has elected independent director John F. Luikart as Chairman and member director Douglas H. (Tad) Lowrey as Vice Chairman.
John F. Luikart has been president of Bethany Advisors LLC, San Francisco, California, since February 2007. He is also a trustee of four asbestos trusts, including, since 2004, the Western Asbestos Settlement Trust. Previous positions include chairman of Wedbush Securities Inc., president and chief operating officer of Tucker Anthony Sutro, and chairman and chief executive officer of Sutro & Co. He has served on the Bank’s Board of Directors since 2007, and his current four-year term began in 2010.
Tad Lowrey was appointed chairman of the board of CapitalSource Bank in July 2012 and has been chief executive officer since its formation in 2008. He currently serves on the Board of Directors for the California Bankers Association, and he is a member of the Government Relations Council and American Banker’s Council of the American Bankers Association. Previous positions include chairman of Wedbush Bank and executive vice president of its holding company, WEDBUSH Inc., and chairman, president, and chief executive officer of Jackson Federal Bank. Mr. Lowrey previously served on the FHLBank San Francisco’s Board of Directors from 1996 to 1998 and from 1999 to 2003, including service as vice chairman in 2003. He rejoined the Bank’s board of directors in 2006, and his current four-year term began in 2010.
About the Federal Home Loan Bank of San Francisco
The Federal Home Loan Bank of San Francisco delivers low-cost funding and other services that help member financial institutions make home mortgages to people of all income levels and provide credit that supports neighborhoods and communities. The Bank also funds community programs that help members create affordable housing and promote community economic development. The Bank’s members are headquartered in Arizona, California, and Nevada and include commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions.