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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, as 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 the FHLBanks. His background also includes several financial advisory assignments on behalf of the FHLBanks. Mr. Watson holds a B.A. from the University of Virginia and an MBA from Stanford University.

Kristina K. Williams, Chief Operating Officer, joined the Bank in 2004 as Chief Accounting Officer and has held a number of executive positions at the Bank. As Chief Operating Officer, she has responsibility for all member-facing activities, including member services, community investment, product delivery, communications and information technology. 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. Previous experience includes public accounting with PricewaterhouseCoopers and Deloitte & Touche. Ms. Williams graduated from West Liberty University, 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 University Foundation.

John P. Cassidy, Chief Information Officer, joined the Bank in 1999 and is responsible for all aspects of information technology including cyber-security. Before assuming his current role, Mr. Cassidy served the Bank in other capacities including Director of Business Solutions and IT Director. Prior to joining the Bank, Mr. Cassidy held IT leadership positions at DuPont, GMAC Mortgage, and Electronic Data Systems (EDS). In addition to a B.S. in Computer Science, Mr. Cassidy holds an MBA in Business Administration with a focus on Information Technology from the Katz Graduate School of Business at the University of Pittsburgh.


David Paulson, Chief Financial Officer, joined the Bank in March 2010 as Director, Mortgage Finance and Balance Sheet Management and was named Managing Director of Capital Markets in 2012. 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 B.S. in Finance and an MBA, both from Duquesne University.

Michael Rizzo, Chief Risk Officer, is responsible for the oversight of the Bank's risk function, which includes market risk; operations and compliance risk; and credit risk to members, counterparties and structured credit. He is a member of all major committees in the Bank and is chair of the Risk Management Committee. Previously, Mr. Rizzo served as Chief Risk Officer for the U.S. residential mortgage lending unit of GMAC ResCap and Chief Credit Officer for Ally (GMAC) Bank. Previous experience includes 15 years of risk and portfolio management experience with various banks and seven years with the Office of the Comptroller of the Currency, where he was a commissioned National Bank Examiner. He holds a B.S. in Accounting from Bucknell University and also held a license as a Certified Public Accountant in Pennsylvania.

Dana Yealy, General Counsel, joined the Bank in 1986 and is responsible for the legal, government relations, corporate secretary, ethics and human resources 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 LL.M. 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

Patrick A. Bond, Chairman

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

B.S., Industrial Engineering, West Virginia University
M.S., Industrial Engineering, West Virginia University

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

John K. Darr, Vice Chairman

Current Positions
The Advisors' Inner Circle Fund
Oaks, Pennsylvania

Meals on Wheels
Lewes/Rehoboth, Delaware

West Rehoboth Land Trust
Rehoboth Beach, Delaware

A.B., Lafayette College
Public Finance Institute, University of Michigan
Advanced Management Program, Harvard Business School

Former Director, Manna Inc.
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 Junior Grade, United States Navy

Pamela C. Asbury

Current Position
Vice President
Genworth Life Insurance Company,
Genworth Life and Annuity Insurance Company and
Genworth Life Insurance Company of New York

Virginia Commonwealth University’s School of Business

Member, American Council of Life Insurers’ Federal Home Loan Bank Working Group
Certified Six Sigma Black Belt, GE Capital Project Management Program

Glenn R. Brooks

Current Position
Chief Operating Officer and Senior Vice President
Leon N. Weiner & Associates, Inc.
Wilmington, Delaware

Bachelor of Business Degree, College of William and Mary

Former Chairman of the Building Committee of Grove United Methodist Church
Vice-Chairman of the Housing Credit Group Committee of the National Association of Homebuilders
Former Chairman and Vice Chairman, FHLBank Pittsburgh Affordable Housing Advisory Council
Vice-Chairman, Housing Credit Group Committee of the National Association of Homebuilders
Former Chairman, Building Committee of Grove United Methodist Church, West Chester, Pennsylvania

Rev. Luis A. Cortés Jr.

Current Position
President and CEO
Philadelphia, Pennsylvania

B.A., City College of New York
M.Div., Union Theological Seminary
M.S., New Hampshire College
Doctorates, Moravian Theological Seminary and Palmer Theological Seminary

Former member and Vice Chair, Board of 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, Board of Cancer Treatment Centers of America, Eastern Region

"25 Most Influential Evangelicals," Time magazine (2005)

Pamela H. Godwin

Current Position
Change Partners, Inc.
Havertown, Pennsylvania

B.A. with Phi Beta Kappa, Pennsylvania State University
Chartered Property and Casualty Underwriter

Member, Board of 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.
Former President, Forum of Executive Women, Philadelphia
Member, Board of Pathways PA

Brian A. Hudson

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

B.A., Pennsylvania State University
Certified Public Accountant
Certified Treasury Professional

President, National Council of State Housing Agencies
Chair, Commonwealth Cornerstone Group
Member, National Housing Trust
Former 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, Pennsylvania

B.S., Business Administration/Accounting, Clarion University of Pennsylvania
Certified Public Accountant

Chairman of the Board of Directors, Pennsylvania Bankers Association
Advisory Board Member, Federal Reserve Bank of Cleveland’s Community Depository Institutions Advisory Council
Advisory Board Member, Clarion University of Pennsylvania College of Business Administration Advisory Council
Director, Community Development Corporation of Butler County.
Member, Butler County Community College Foundation Capital Campaign Steering Committee, Pennsylvania Association of Community Bankers, American Institute of Certified Public Accountants, Pennsylvania Institute of Certified Public Accountants, American Bankers Association, Financial Managers Society and Allegheny-Clarion Valley Kiwanis

Charlotte B. McLaughlin

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

B.S., Pennsylvania State University
MBA, University of Pittsburgh

Director, ABA Securities Association, Inc.

Lynda A. Messick

Current Positions
County Bank
Rehoboth Beach, Delaware

Stonier Graduate School of Banking
Bank Administration Institute
Bank Management School

Chair Elect, Nanticoke Health Services
Nanticoke Health Services Governance Committee Chair, Compensation Committee Chair
Audit/Risk Management Committee Chair
American Red Cross Volunteer
Chair Elect, Delaware Bankers Association
Member ABA Community Bankers’ Council
Consumer Financial Protection Bureau, Community Bankers Council
Board Member, Atlantic Community Bankers Bank

VICA National Public Speaking Award
Russell W. Peterson Award
American Bankers Association Public Speaking Award
Delaware Technical & Community College, Woman of the Year
DTCC Commencement Address
American Red Cross Exceptional Volunteer Award
Delaware Women’s Conference Community Impact Award
American Red Cross Lamont DuPont Award

John S. Milinovich

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

B.S., Accounting, Duquesne University
Graduate, ACB-National School of Banking, Fairfield University
Certified Public Accountant

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

Chairman’s Award, America’s Community Bankers, National School of Banking (2002)

Charles J. Nugent

Current Position:
Vice President
Fulton Bank, N.A.
Lancaster, Pennsylvania

B.S., Business Administration, LaSalle University
Certified Public Accountant

Former Senior Executive Vice President and CFO, Fulton Financial Corporation
Former Chief Financial Officer, First Peoples Financial Corporation
Prior employment with Philadelphia National Corporation, PriceWaterhouse
Board  of St. Joseph’s Hospital of Lancaster
Board of United Way of Lancaster County
Board of Susquehanna Association for the Blind and Vision Impaired
Board of YMCA of Lampeter-Strasburg
Board of Lancaster Symphony Orchestra


Gerald P. Plush

Current Position
Chief Financial Officer
Santander Holdings USA, Inc
Senior Executive Vice President
Santander Bank, N.A.
Wilmington, Delaware

B.S., Accounting, St. Joseph’s University
Certified Public Accountant
Certified Management Accountant


James R. Reske

Current Position
Executive Vice President, Chief Financial Officer and Treasurer
First Commonwealth Bank and
First Commonwealth Financial Corporation
Indiana, Pennsylvania

B.S./M.S. The Ohio State University
J.D., Georgetown University Law Center
Chartered Financial Analyst

Bradford E. Ritchie

Current Position
Summit Community Bank
Moorefield, West Virginia

B.S., Business Administration/Accounting, West Virginia University
Certified Public Accountant

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

Frederick E. Schea

Current Positions
Penn Community Bank
Pennswood Consulting LLC
Chalfont, Pennsylvania

B.A., Finance, Lehigh University
MBA, Lehigh University
Certified Public Accountant
Certified Management Accountant

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




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