Board of Directors

J. Wade Berry
President and CEO, Farmers Bank & Trust Co., Marion, Ky.

Brady T. Burt
Senior Vice President, Chief Financial Officer, Park National Bank, Newark, Ohio

Greg W. Caudill
Director, Farmers National Bank, Danville, Ky.

Susan E. Collins
Retired EVP, Chief Human Resources Officer and Chief Administrative Officer, Tennessee Valley Authority, Chattanooga, Tenn.

Kristin H. Darby
Chief Information Officer, Tennessee’s Department of Finance and Administration, Nashville, Tenn.

Lewis Diaz, Public Interest Director
Partner, Dinsmore & Shohl, LLP, Covington, Ky.

Roy Molitor (Mott) Ford, Jr.
Chairman and CEO, Commercial Bank and Trust Co., Memphis, Tenn.

Danny J. Herron, Public Interest Director
President and CEO, Habitat for Humanity of Greater Nashville, Tenn.

Robert T. Lameier
Director, Miami Savings Bank, Miamitown, Ohio

Michael P. Pell (Vice Chair)
President and CEO, First State Bank, Winchester, Ohio

L. Scott Spivey
Retired Finance Management Executive, Cincinnati, Ohio

Steven E. Stivers, Public Interest Director
President & CEO of the Ohio Chamber of Commerce, Columbus, Ohio

Kathleen A. Rogers
Director, Fifth Third Bancorp, Cincinnati, Ohio

Nancy E. Uridil (Chair)
Retired Global CPG Executive, Avon Lake, Ohio

James J. Vance 
Senior Vice President, Western & Southern, Cincinnati, Ohio

Jonathan D. Welty
President, Ohio Capital Finance Corp., Columbus, Ohio

H. McCall Wilson, Jr.
President and CEO, Bank of Fayette County, Collierville, Tenn.

Advisory Council

The Advisory Council helps to set the direction for the FHLB’s affordable housing and community lending programs by advising the Board of Directors and management on affordable housing and economic development needs within the Fifth District. Council members are nominated by member institutions, sponsors and community-based organizations. Council members are appointed by the Board. Council members serve staggered three-year terms, and no member may serve more than three consecutive terms. An exception applies to the state housing agency executives from each FHLB state who serve one three-year term on a rotating basis.

Stacey C. Epperson
President and CEO, Next Step Network Inc., Louisville, Ky.

Lori H. Flanery (Vice Chair)
Chief Executive Officer, New Directions Housing Corp., Louisville, Ky.

Charles D. Hillman (Chair)
President and CEO, Columbus Metropolitan Housing Authority, Columbus, Ohio

Cassie Hudson
Executive Director, Partnership Housing Inc., Booneville, Ky.

Derwin K. Jackson
President & CEO, Franklin Housing Authority, Franklin, Tenn. 

Winston Miller
Executive Director and Chief Executive Officer of Kentucky Housing Corporation, Frankfort, Ky.

Amy Riegel
Executive Director of the Coalition on Homelessness and Housing in Ohio, Columbus, Ohio

Amy Schaftlein
Executive Director, United Housing Inc., Memphis, Tenn.

Samantha A. Shuler
Chief Executive Officer, Community Housing Network, Columbus, Ohio

Dwayne Spencer
President and CEO, Habitat for Humanity of Greater Memphis, Memphis, Tenn.

Cheryl L. Stephens
President and CEO, East Akron Neighborhood Development Corp., Akron, Ohio

Troy D. White
Executive Director, Metropolitan Development Housing Agency, Nashville, Tenn.

Wonda Winkler
President & CEO, Brighton Center, Newport, Ky.

Senior Management

Andrew S. Howell
President, Chief Executive Officer

Roger B. Batsel
Executive Vice President, Chief Operating Officer

Stephen J. Sponaugle
Executive Vice President, Chief Financial Officer

Damon v. Allen
Senior Vice President, Chief Marketing and Community Investment Officer

J. Christopher Bates
Senior Vice President, Chief Accounting Officer

Brian C. Comp
Senior Vice President, Chief Information Officer

Jim C. Frondorf
Senior Vice President, Chief Credit Officer

Tami L. Hendrickson
Senior Vice President, Treasurer

Bridget C. Hoffman
Senior Vice President, General Counsel

Amy L. Konow
Senior Vice President, Chief Audit Executive 

Karla M. Russo
Senior Vice President, Chief Human Resources Officer

Daniel A. Tully
Executive Vice President, Chief Risk and Compliance Officer

About our Board of Directors

The FHLB board of directors is comprised of 10 member directors and seven independent directors. Three of the independent directors have been designated by the board as public interest directors. The number of independent directors and the number of member directors for each state are determined annually by the Federal Housing Finance Agency. The number of member directors for each state is allocated based on the total amount of required FHLB stock held by members in each state, subject to a statutory minimum number of member directors for each state. Independent directors must represent at least 40 percent of the full board but less than 50 percent.

The FHLB has six member director seats from Ohio and two each from Kentucky and Tennessee. Approximately one-fourth of board seats are up for election each year. Eligible members may vote for director candidates in their state, and for all independent director candidates, at-large. The number of votes a member may cast in a director election is based on the amount of FHLB required stock (Membership stock and Activity stock) it was required to hold as of the previous year end. However, the number of votes any one member may cast may not exceed the average amount of stock held by members in its respective state. All directors serve four-year terms and may serve a maximum of three consecutive terms.

Director Requirements

Member directors are nominated and elected by member institutions in their respective state. A member director nominee must be a U.S. citizen, an officer or director of a member institution located in the state in which the open directorship election is being held, and the nominee’s institution must meet its minimum regulatory capital requirements. Any person nominated for a member directorship who accepts the nomination must satisfy all member director qualifications. If the number of nominees does not exceed the number of open directorships in a state, the nominee(s) is declared elected, and no formal election is held.

Independent directors must be U.S. citizens and residents of the Fifth District. Independent directors may not: be an officer or director of any member of the FHLB, a recipient of Advances from the FHLB subject to certain holding company exceptions, be an officer of any of the 11 FHLBs. Independent and public interest director (PID) nominees must meet the qualification requirements in accordance with FHFA regulations and complete the FHFA Independent Director Application Form. Such individual must also have knowledge of, or experience in one or more of the following areas: auditing and accounting; derivatives; financial management; organizational management; project development; risk management practices; or the law. To be considered for a PID designation, the individual must also have more than four years of experience in representing consumer or community interests on banking services, credit needs, housing, or financial consumer protections. The board reviews all independent director applications and nominates the individual(s) for election by the membership.

Director eligibility requirements may be found at 12 C.F.R §1261 Subpart B. All member director nominees and independent director applicants are subject to background checks.

In addition to the statutory and regulatory requirements, the board of directors prepared a statement of desired skills, experiences, attributes and characteristics that represent guidelines for individuals considering service with the FHLB board. You may access that statement here.

Commitment to Equal Opportunity

The FHLB values the varied perspectives that Board members provide in serving the broad needs of our members and their communities. Varied perspectives help to ensure that alternative views are considered and weighed as the FHLB establishes its business strategy and goals. We encourage members to consider the importance of different life experiences when nominating individuals to run as member directors. The FHLB values similar consideration in the selection of independent directors. 

Director Election Key Dates

In June each year, the FHFA informs the FHLB of the number of total directorships it has authorized for the following year and the open member and independent director seats to be elected in that same year. Shortly after this FHFA communication, the FHLB announces to its members the details of the upcoming director election including the number of open member director seats by state and the number of open independent director seats. Nomination instructions and deadlines are also provided to members. Upon completion of the nomination process, voting commences in October and the board ratifies election results at its November meeting. Elected directors begin their new terms the following calendar year.

Board Meetings and Committees

The board meets a minimum of seven times during the year in-person, or via teleconference or other electronic means as permitted by regulation. Board committees meet either the day before or the morning of board meetings. Generally, board meetings are held in Cincinnati with the exception of the meeting held in conjunction with the annual strategic planning conference, which may be held out of district.

There are currently seven committees of the board:

• Audit
• Business & Operations
• Risk
• Governance
• Housing & Community Development
• Human Resources, Compensation & Inclusion
• Executive

The board chair appoints the chair and members of each committee. All directors are assigned to at least one committee. The board chair and vice chair are elected by a majority of directors and serve two-year terms.