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Management & Our Board

Executive Bios

Winthrop Watson was appointed by the Board of Directors as President and Chief Executive Officer, effective January 1, 2011. Previously, he was Chief Operating Officer of FHLBank Pittsburgh, a position that he assumed in November 2009. Mr. Watson served as Managing Director at J.P. Morgan in Hong Kong from 2007-2009 after serving that company in various capacities in New York for 22 years. In Hong Kong, he served as senior client executive for J.P. Morgan’s Asia Pacific central banks and sovereign wealth funds, head of its Asia Pacific debt capital markets, and as chairman of its Asia Pacific investment banking business evaluation committee. Earlier, Mr. Watson was Managing Director of J.P. Morgan in New York, where he helped build the company’s investment and commercial banking franchise for U.S. government-sponsored enterprises including FHLBanks. His background also includes several financial advisory assignments on behalf of FHLBanks. Mr. Watson holds a BA from the University of Virginia and an MBA from Stanford University.

Kristina Williams, Chief Operating Officer and Chief Financial Officer, joined the Bank in 2004 as Chief Accounting Officer. Ms. Williams became Chief Financial Officer in 2006, Executive Vice President with additional responsibility for Technology and Operating Services and Human Resources in 2010, and Chief Operating Officer in 2011. Previously, Ms. Williams served as Chief Financial Officer of Wholesale Banking for PNC Financial Services Group where she also spent time in SEC and Regulatory Reporting and served as Director of Accounting Policy for PNC. Previous experience includes public accounting with PricewaterhouseCoopers and Deloitte & Touche. Ms. Williams graduated from West Liberty State College, received her Master’s in Professional Accountancy from West Virginia University, and is a Certified Public Accountant. Ms. Williams is also a member of the American Institute of Certified Public Accountants, Pennsylvania Institute of Certified Public Accountants and the Board of Directors for the West Liberty State College Foundation.

John Mason, Chief Strategy Officer, joined the Bank in 2012 with responsibility for the continual execution of strategic initiatives and alignment of resources in the context of the Bank’s vision, mission and plans. Currently, Mr. Mason serves as Acting Head of Member Services. He has served as a member of the Bank’s Board of Directors and Chair of its Finance and Risk Management Committee. Prior to joining the Bank, Mr. Mason was Chief Investment Officer and Treasurer and Head of Market and Credit Risk Management for ING DIRECT, Wilmington, DE. Prior to his work at ING, Mr. Mason held senior roles in treasury and risk management for a number of super-regional and regional banks. He holds a BS in Business Economics from Indiana University at Bloomington.

David Paulson, Managing Director of Capital Markets, joined the Bank in March 2010 as Director, Mortgage Finance and Balance Sheet Management. Mr. Paulson came to the Bank from National City Corporation, where he worked for 14 years in a number of capacities. Most recently, he served as Senior Vice President, Interest Rate Risk and Chief Investment Portfolio Manager. Prior to that, Mr. Paulson was a portfolio manager at Integra Financial Corporation. He holds a BS in Finance and an MBA, both from Duquesne University.

Michael Rizzo, Chief Risk Officer, joined the Bank in 2010. Previously, Mr. Rizzo served as Chief Risk Officer of Residential Finance Group, the U.S. residential mortgage lending unit of GMAC ResCap. In addition, Mr. Rizzo served as Chief Credit Officer for Ally (GMAC) Bank mortgage operations. Prior to joining GMAC Bank in 2006, Mr. Rizzo was a leader in GMAC Residential’s operational risk management function. Previous experience includes 15 years with Provident Bank in Cincinnati, FleetBoston Financial Corporation, BankBoston and the Office of the Comptroller of the Currency, where he was a commissioned national bank examiner. He holds a BS in Accounting from Bucknell University and is a Certified Public Accountant.

Dana Yealy, General Counsel, joined the Bank in 1986 and is responsible for the legal, government relations, corporate secretary and ethics functions of the Bank. Prior to joining the Bank, he was an attorney with the Federal Home Loan Bank of Dallas. Mr. Yealy earned a degree in Economics from Westminster College, a Juris Doctorate from the Dickinson School of Law, and an LLM in Banking Law from the Boston University School of Law. Mr. Yealy is an active member of the Association of Corporate Counsel, the American Society of Corporate Secretaries, and the Society of Corporate Compliance and Ethics. Mr. Yealy is also a member of several committees of the American, Pennsylvania and Allegheny County Bar Associations.

Board of Directors

Dennis S. Marlo, Chairman

Current Position
Managing Director,
Sanctuary Group LTD
Malvern, Pennsylvania

Education
BS, Accounting, LaSalle University
Graduate School of Community Bank Management,
University of Texas at Austin
Licensed CPA (PA)

Affiliations
Member, Financial Managers Society, Financial Executive International and the American and Pennsylvania Institutes of Certified Public Accountants; National Association of Corporate Directors
Chairman, Development Committee, Past Chairman of the Board, Board of Trustees, Harcum College
Member, Investment and Operations Committees, Board of Trustees, Lankenau Medical Center Foundation
Member, Council of the President's Associates, LaSalle University
Member, Board of Directors, Main Line Health Real Estate, LP
Chairman of the Audit Committee, Board of Directors, EnerSys
Past Chairman, National Board of Directors, Financial Managers Society
Past Chairman, Community Banking Advisory Council, Federal Reserve Bank of Philadelphia
Past Chairman, Regulatory and Legislative Committee and Past
Member, Board of Directors, Pennsylvania Association of Community Bankers
Past Member, Governing Council, Pennsylvania Bankers Association
Past Member, Governmental Affairs Council, America's Community Bankers
Past President, Insured Financial Institutions of Delaware Valley

Awards
Outstanding Achievement in Accounting Award, LaSalle University
First PAC Chairman's Award, Pennsylvania Association of Community
Bankers

John K. Darr, Vice Chairman

Current Position
Director,
Manna, Inc.
Washington, D.C.

Trustee, The Advisors' Inner Circle Fund
Oaks, PA

Education
AB, Lafayette College
Public Finance Institute, University of Michigan
Advanced Management Program, Harvard Business School

Affiliations
Former CEO and Managing Director, FHLBanks Office of Finance
Former Director, Mortgage IT
Former President and CEO, Ryland Acceptance Advisers
Former Managing Director, Prudential Bache Capital Funding
Former Vice Chairman, CityFed Financial Corp
Former CFO, Financial Corporation of America
Former EVP/CFO-CAO, Sallie Mae
Former CFO, No. California Savings
Former Treasurer, FHLBank of San Francisco
Lieutenant, JG, United States Navy

Patrick A. Bond

Current Position
Founding General Partner,
Mountaineer Capital, LP
Charleston, West Virginia

Education
BS, Industrial Engineering, West Virginia University
MS, Industrial Engineering, West Virginia University

Affiliations
President, West Virginia Symphony Orchestra
Member, Board of Charleston Area Alliance
Member, Board of Clay Center for the Arts and Sciences of West Virginia
Former President, Charleston Renaissance Corporation
Former member, FHLBank Pittsburgh Affordable Housing Advisory Council

Maureen Breakiron-Evans

Current Position
Self-Employed
Villanova, Pennsylvania

Education
BBA, Stetson University
MBA, Harvard Business School
Master of Liberal Arts, Stanford University
Certified Public Accountant designation

Affiliations
Director and Audit Committee member, Cognizant Technology Solutions Corporation
Former CFO, Towers Perrin Foster & Crosby
Former Director and Audit Committee member, ING Direct – USA
Chair, Stetson University School of Business Advisory Board
Member, Board of Trustees, Stetson University
Board Member, World Affairs Council of Philadelphia
Board Member, Heartland Payment Systems
Founder and Chair of Philadelphia Chapter, Women Corporate Directors

Rev. Luis A. Cortés Jr.

Current Position
President and CEO
Esperanza
Philadelphia, Pennsylvania

Education
BA, City College of New York
MDiv, Union Theological Seminary
MS, New Hampshire College
Doctorates, Moravian Theological Seminary and Palmer Theological Seminary

Affiliations
Former member and vice chair, Board of Directors, FHLBank Pittsburgh
Founder and executive director, Hispanic Clergy of Philadelphia
Founding member, United Bank
Member, Pennsylvania Minority Business Development Authority
Member, Philadelphia Workforce Investment Board
Member, Cancer Treatment Centers of America (Eastern Region) Board

Awards
"25 Most Influential Evangelicals," TIME magazine

Carlos M. Garcia

Current Position
Chief of Staff and Chief Corporate Affairs and Communications Officer
Sovereign Bank, N.A.
Wilmington, Delaware

Education
BS, Economics, The Wharton School, University of Pennsylvania

Affiliations
Chairman, President and CEO, Government Development Bank, Puerto Rico
Former President, Banco Santander Puerto Rico
Former Senior Executive Vice President and COO, Santander BanCorp
Former President, CEO and Vice Chairman, Board of Directors, Santander Securities Corporation
Former head, Fiscal Restructuring and Stabilization Board, Puerto Rico

Pamela H. Godwin

Current Position
President
Change Partners, Inc.
Havertown, Pennsylvania

Education
BA with Phi Beta Kappa, Pennsylvania State University
Chartered Property and Casualty Underwriter designation

Affiliations
Board member, National Association of Corporate Directors, Philadelphia Chapter
Former President and COO, Academy Insurance Group, Providian Corporation
Former President and Secretary, National Liberty Life Insurance Company
Former President and COO, GMAC Insurance Personal Lines Agency Division
Former SVP of Property/Casualty Claims, Colonial Penn Group, Inc.
Past President, Forum of Executive Women, Philadelphia
Board member, Pathways PA

Brian A. Hudson

Current Position
Executive Director and CEO
Pennsylvania Housing Finance Agency (PHFA)
Harrisburg, Pennsylvania

Education
BA, Pennsylvania State University
Accreditations: Certified Public Accountant (CPA), Certified Treasury Professional (CTP)

Affiliations
President, National Council of State Housing Agencies
Chair, Commonwealth Cornerstone Group
Member, National Housing Trust
Former Board member, Consumer Advisory Council of the Federal Reserve Board

William C. Marsh

Current Position
Chairman, President and CEO
Emclaire Financial Corporation and
The Farmers National Bank of Emlenton
Emlenton, PA

Education
BS, Business Administration/Accounting, Clarion University of Pennsylvania
Certified Public Accountant designation

Affiliations
Member, Federal Reserve Bank of Cleveland Community Depository Institution Advisory Council
American Institute of Certified Public Accountants
Director, Community Development Corporation of Butler County
Member, Pennsylvania Bankers Association Professional Development Policy Committee
Member, Advisory Board, Beaver Steel Services, Inc.
Member, Clarion University of Pennsylvania College of Business Administration Advisory Council

Charlotte B. McLaughlin

Current Position
Executive Vice President
PNC Bank, N.A.
President and CEO
PNC Capital Markets, Inc.
Pittsburgh, Pennsylvania

Education
BS, Pennsylvania State University
MBA, University of Pittsburgh

Affiliations
Director, ABA Securities Association, Inc., Washington, DC

Lynda A. Messick

Current Position
President and CEO
Community Bank Delaware
Lewes, DE

Education
Graduate, Stonier Graduate School of Banking
Bank Administration Institute
Bank Management School

Affiliations
Former Director, FHLBank Pittsburgh, June – December 2011
Current member,Third Federal Reserve District Depository Institution Advisory Council
Former member, American Bankers Association Community Bankers’ Council
Chair Elect, Nanticoke Memorial Hospital
Former Chair, Delaware Technical Community College
Former board member, American Red Cross of the Delmarva Peninsula
Former board member, Friends of the Lewes Canalfront Park
Former board member, Delaware Community Investment Corporation
Delaware Women’s Conference Community Impact Award (2007)

John S. Milinovich

Current Position
Executive Vice President, Treasurer and CFO
Washington Financial Bank
Washington, Pennsylvania

Education
BS, Accounting, Duquesne University
Graduate, ACB-National School of Banking, Fairfield University
Licensed Certified Public Accountant (CPA) 1976-present

Affiliations
Past Chairman and current Director, Washington County Chamber of Commerce
Past Member, Steering Committee, Southwestern PA Growth Alliance
Past Director, Southwest Corner Workforce Investment Board
Past Member, Board of Governors, Pennsylvania Economy League-Western Division
Past Chairman, Washington County Branch, Pennsylvania Economy League
Past Treasurer and Board Member, United Way of Washington County
Past Director, PICPA Foundation for Education & Research
Past Chairman, PICPA State Continuing Professional Education Committee
Past Member, PICPA State Education Committee

Awards
Chairman’s Award, America’s Community Bankers, National School of Banking - 2002

Charles J. Nugent

Current Positions:
Senior Executive Vice President and CFO
Fulton Financial Corporation
Lancaster, Pennsylvania

Vice President, Fulton Bank, N.A.
Lancaster, Pennsylvania

Education:
BS, Business Administration, LaSalle University
Designated Certified Public Accountant (CPA)

Affiliations:
Current Vice Chairman, Risk Management Committee, Fulton Financial Corporation
Former Chief Financial Officer, First Peoples Financial Corporation, New Jersey
Prior employment with Philadelphia National Corporation, PriceWaterhouse
Board affiliations: St. Joseph’s Hospital of Lancaster, United Way of Lancaster County, Susquehanna Association for the Blind and Vision Impaired, YMCA of Lampeter-Strasburg, Lancaster Symphony Orchestra

Gary T. Prizzia

Current Position
Vice President and Treasurer
Genworth Life Insurance Company
Wilmington, Delaware

Education
BS in Accounting, Marist College
MBA in International Business, University of Connecticut

Affiliations
Treasurer, Richmond Performing Arts Center
Past Board member, Better Housing Coalition

Bradford E. Ritchie

Current Position
President
Summit Community Bank
Moorefield, West Virginia

Education
BS, Business Administration/Accounting, West Virginia University
Certified Public Accountant designation

Affiliations
Member, Board of Directors of the West Virginia Society of Certified Public Accountants
Chair, Accounting and Auditing Committee, WV Society of CPAs
Past Director, United Way of Central West Virginia
Past Director, The Community Council of Charleston
Trustee, University of Charleston
Advisory Board, Graduate School of Business, University of Charleston

Frederick E. Schea

Current Position
President and CEO
First Savings Bank
Chairman and Director
First Savings Insurance
Perkasie, Pennsylvania

Education
Bachelor’s in Finance, Lehigh University
MBA, Lehigh University
Certified Public Accountant designation
Certified Management Accountant designation

Affiliations
Former Global Chair, Institute of Management Accountants
Board member, Doylestown Hospital Foundation

Patrick J. Ward

Current Position
Chairman of the Board and CEO
Penn Liberty Bank
Wayne, Pennsylvania

Education
BS, Carnegie Mellon University
MBA, University of Notre Dame

Affiliations
Member, Board of Directors, Philadelphia Police Athletic League
Member, Board of Directors, Elmwood Park Zoo
Member, Board of Directors, EconomicsPennsylvania