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Management & Our Board

Executive Bios

John R. Price became President and Chief Executive Officer of the Bank on January 2, 2006. Prior to joining the Bank, Mr. Price was a senior advisor to the Institute of International Finance. Mr. Price also held several senior-level positions at JP Morgan Chase & Co. in New York (formerly Manufacturers Hanover Trust Co. which later merged into Chemical Bank and Chase Manhattan Bank). Mr. Price was responsible for the mortgage banking and consumer finance subsidiaries; led the team advising the U.S. government on the securitization on $5 billion of community development and rural low-income housing loans, and earlier served as corporate secretary. Mr. Price graduated from Grinnell College in Iowa, was named a Rhodes Scholar, earned advanced degrees in Development Economics and Diplomatic History from Queens College at Oxford University and received his law degree from Harvard Law School. Mr. Price was a member of the Board and chair of the Audit Committee of the Principal Financial Corporation, is a life trustee of Grinnell College and was the founding chairman of Americans for Oxford. Mr. Price also served as president of the Bankers Association for Finance and Trade. He currently serves as a member of the board of the Pittsburgh Symphony Orchestra.

Winthrop Watson became Chief Operating Officer effective November 18, 2009. As COO, Mr. Watson is responsible for the Bank’s core business activities, which include advances, the Mortgage Partnership Finance^® Program, letters of credit, community investment, safekeeping and product development; balance sheet management, which includes investments, funding and hedging; operations and technology; and strategic planning. Mr. Watson served as Managing Director at J.P. Morgan in Hong Kong from 2007-2009 after serving the 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 (GSEs), including FHLBanks. His background also includes several financial advisory assignments on behalf of FHLBanks. Mr. Watson holds an MBA from Stanford University and a BA from the University of Virginia.

John J. Bendel, Director of Community Investment, is responsible for directing the Bank’s Housing, Economic and Community Development Programs: the Affordable Housing Program, Community Lending Program, Banking On Business, First Front Door and the Blueprint Communities leadership and capacity-building initiative. He serves as Community Investment liaison with the Bank’s Board of Directors, the Affordable Housing Advisory Council, the Federal Housing Finance Agency and the other FHLBanks nationwide. Prior to joining the Bank in 1995, Mr. Bendel was a consultant with Mullin & Lonergan, an affordable housing and community development consulting firm in Philadelphia. Mr. Bendel holds a Bachelor of Science degree in Business Administration from St. Vincent College and a Master of Science degree in Public Administration from the University of Pittsburgh.

Dale N. D’Alessandro joined the Bank in April, 2008 as Managing Director of Human Resources. Prior to joining the Bank, Mr. D’Alessandro was vice president of Human Resources at Mylan Pharmaceuticals and prior to that, directed Human Resources and Labor Relations at Dominion Resources. With experience in organizational development, compensation and benefits, contract negotiation, recruiting and performance assessment, Mr. D’Alessandro is responsible for managing all aspects of Human Resources at the Bank in addition to serving as Secretary of the Human Resources Committee of the Board of Directors. Mr. D’Alessandro holds a Bachelor of Science degree in Human Resource Management from Geneva College.

Teresa M. Donatelli joined the Bank in 1992, and held several managerial positions in Administration and Information Technology prior to assuming the position of Chief Information Officer in May 2004. In February 2007, she was named head of the Bank's newly formed Technology and Operations Services Group. Prior to joining the Bank, Ms. Donatelli held a variety of technical and managerial positions at Alcoa, Deloitte & Touche and Mellon Bank. Ms. Donatelli has a Bachelor of Arts degree in English from Duquesne University and a Masters degree in Business Administration from the University of Pittsburgh.

Craig C. Howie joined the Bank in 1990, and is the Group Director of the Bank’s Member Services department which includes Member Money Desk, Sales and Marketing, Mortgage Partnership Finance, Bank4Bank and Collateral Operations. Before joining the Bank, Mr. Howie worked for Chemical Bank in New York as an Assistant Vice President in Mortgage Capital Markets. Prior to that, Mr. Howie worked for GMAC as an Assistant Vice President in Secondary Marketing. Mr. Howie received a Bachelors degree in Finance and Marketing from Susquehanna University and a Masters degree in Business Administration with a concentration in Finance from Drexel University.

Peter Rubinsky is the Bank’s Treasurer and Acting Managing Director of Capital Markets. Mr. Rubinsky joined FHLBank in 1991 after serving two Pittsburgh financial institutions as a portfolio manager and senior financial analyst, respectively. At FHLBank, he worked as a portfolio manager, mortgage backed securities portfolio manager and as assistant treasurer before being named Treasurer in 1999. In his current position, Mr. Rubinsky oversees the Bank’s mortgage finance and treasury activities. He holds a BA in Psychology from the University of Chicago and an MBA from the University of Pittsburgh. Mr. Rubinsky is a member of the Association for Financial Professionals (AFP).

Kristina K. Williams joined the Bank on December 31, 2004 as Chief Accounting Officer. Ms. Williams became Chief Financial Officer February 1, 2006. She added Acting Chief Risk Officer to her responsibilities on December 2, 2009. Ms. Williams most recently was the Chief Financial Officer of Wholesale Banking for PNC Financial Services Group. Ms. Williams also spent time in SEC and Regulatory Reporting and served as Director of Accounting Policy for PNC. Ms. Williams previously spent several years in public accounting with PricewaterhouseCoopers and Deloitte & Touche. Ms. Williams graduated magna cum laude from West Liberty State College and received her Masters in Professional Accountancy from West Virginia University. Ms. Williams is a C.P.A. and 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.

Dana A. Yealy joined the Bank in 1986, and has served as General Counsel since August 1991. Mr. Yealy 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 his Bachelors degree in Economics from Westminster College, his Juris Doctorate from Pennsylvania State University’s Dickinson School of Law, and his 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

Dennis S. Marlo, Chairman

Current Position
Managing Director, Sanctuary Group LTD
Malvern, PA

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 Hospital 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

H. Charles Maddy III, Vice Chairman

Current Position
President and CEO, Summit Financial Group, Inc.
Moorefield, WV

Education
BS, Business Administration, Concord College

Affiliations
Director, Summit Financial Group, Summit Community Bank,
Shenandoah Valley National Bank and Capital State Bank
Director, West Virginia Bankers Association
Director, Hardy County Child Care Center
Past President and Director, West Virginia Association of Community Bankers

Patrick A. Bond

Current Position
Founding General Partner, Mountaineer Capital, LP
Charleston, WV

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

Rev. Luis A. Cortés Jr.

Current Position
President, Esperanza
Philadelphia, PA

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

Walter D'Alessio

Current Position
Vice Chairman, NorthMarq Capital
President, NorthMarq real estate consulting group
Philadelphia

Education
BS, Pennsylvania State University
MS, University of Illinois

Affiliations
Former Chairman & CEO, Legg Mason Real Estate Services
Former Project Director, Redevelopment Authority of the City of Philadelphia
Director, Philadelphia Industrial Development Corporation
Former Director, Independence Seaport Museum
Former Adjunct Professor, Wharton School, University of Pennsylvania
Edward deLuca Memorial Award, National Council for Urban Economic Development
Citizen of the Year, American Red Cross

John K. Darr

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

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 & 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

David R. Gibson

Current Position
Executive Vice President and Chief Financial Officer, Wilmington Trust Company
Wilmington, DE

Education
BA, University of Delaware
MBA, Vanderbilt University
Certified Managerial Accountant

Affiliations
Member, Financial Executives Institute
Member, National Association of Accountants
Member, Finance Committee, Board of Christiana Care Health Systems
Former member, Board of Directors, Delaware Workforce Investment Board
Former member, Board of Directors, St. Edmond's Academy
Former member, Board of Directors, Junior Achievement of Delaware

Brian A. Hudson

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

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

Affiliations
Member, Board of National Council of State Housing Agencies
Member, Board of Lackawanna College
Chair, Commonwealth Cornerstone Group
Former Chair, Harrisburg Public School Foundation

Glenn B. Marshall

Current Position
President and CEO, First Resource Bank
Exton, PA

Education
BS, Drexel University
MBA, St. Joseph’s University

Affiliations
Vice Chairman, Audit Committee, West Whiteland Township, PA
Board member, Radnor Hunt Foundation

John C. Mason

Current Position
Chief Investment Officer & Treasurer, ING DIRECT USA
ING Bank fsb
Wilmington, DE

Education
BS, Business Economics, Indiana University, Bloomington

Affiliations
Former Head of Market Risk Management, ING DIRECT
Treasury and Capital Markets positions: KeyCorp, First Fidelity Bancorporation,
BancOhio National Bank, Crocker National Bank
Participant, Junior Achievement Titan and Economics for Success

John S. Milinovich

Current Position
EVP/Treasurer & CFO, Washington Financial Bank
Washington, PA

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 & 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

Edward J. Molnar

Current Position
Chairman of the Board,
Harleysville Savings Bank
Harleysville, PA

Education
Graduate diploma, Institute of Financial Education

Affiliations
Past Member, Board of Directors, America's Community Bankers
Past Chairman, Pennsylvania Association of Community Bankers
Past Chairman, Bank Advisory Council, Federal Reserve Bank of
Philadelphia
Past President, Montgomery County Savings and Loan League and the
Insured Financial Institutions of Delaware Valley
Past President, Harleysville Lions Club
Past Member, Stockholder Study Committee (mandated by Congress to
study the FHLBank System
Past Member, TIAC (advisory committee to the Federal Reserve Board)

Awards
1984 Person of the Year Award, Savings and Loan Mortgage Officers
Society of Philadelphia

Charles J. Nugent

Current Positions:
Vice President, Fulton Bank, N.A.
Lancaster, PA

Senior Executive Vice President and Chief Financial Officer, Fulton Financial Corporation
Lancaster, PA

Education:
B.S., 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

Patrick J. Ward

Current Position
Chairman of the Board and Chief Executive Officer, Penn Liberty Bank
Wayne, PA

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

Affiliations
Member, Board of Directors, Philadelphia Police Athletic League
Member, Board of Directors, Phoenixville Area YMCA
Member, Board of Directors, Elmwood Park Zoo
Member, Board of Directors, EconomicsPennsylvania
Member, Board of Directors, Chester County Chamber of Commerce

Robert W. White

Current Position
Chairman, President & CEO, Abington Bank
Jenkintown, PA

Education
Bachelor of Science in Finance, The Pennsylvania State University

Affiliations
Appointed President of Abington Bank, 1991; named to the additional positions of
Chairman & CEO, 1994
Also Chairman, President & CEO of Abington Community Bancorp, Inc.
Director: Abington Educational Foundation, Jenkintown Rotary Board, Abington Memorial Hospital Foundation Board, Penn State Abington Advisory Board
First Lieutenant, United States Army, 1967-1969