Lynda A. Messick, president and CEO of Community Bank Delaware, has been elected by the Board of Directors of the Federal Home Loan Bank (FHLBank) of Pittsburgh.
She fills the unexpired term of director John C. Mason, following his resignation effective June 22, 2012. Mr. Mason is the outgoing Chief Investment Officer and Treasurer of ING Bank, fsb. Messick’s term will expire on December 31, 2014.
FHLBank Directors also appointed Messick to the board’s Finance & Risk Management and Governance, Public Policy & Human Resources committees.
Messick, a graduate of the Stonier School of Banking, has served as CEO of Community Bank Delaware since 2005. Community Bank Delaware, headquartered in Lewes, operates offices in Lewes and Rehoboth Beach.
In addition to her responsibilities as CEO, Messick is a member of the Third Federal Reserve District’s Depository Institution Advisory Council. Messick is also the Chair Elect of Nanticoke Memorial Hospital and is a former board member of the American Red Cross of the Delmarva Peninsula.
FHLBank Pittsburgh is a wholesale bank that serves the housing finance and community and economic development needs of its owner-members. FHLBank Pittsburgh provides reliable access to low-cost funds, competitive pricing in the purchase of mortgage loans, correspondent banking, technical assistance, affordable housing grants and other programs.
FHLBank Pittsburgh is privately capitalized and funded and does not use taxpayer dollars. At March 31, 2012, it had 297 members in its district of Delaware, Pennsylvania and West Virginia and approximately $53.3 billion in assets.
FHLBank Pittsburgh is one of 12 Banks in the Federal Home Loan Bank System, established by Congress in 1932 to support the residential mortgage and community development activities of local financial institutions.
