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Media Center | Press Releases « 2003 Press Releases »
2003 Press Releases
FOR IMMEDIATE RELEASE
Contact: Lynn Robb, (412) 288-2851, lynn.robb@fhlb-pgh.com
TWO PUBLIC INTEREST DIRECTORS APPOINTED TO FEDERAL
HOME LOAN BANK OF PITTSBURGH BOARD OF DIRECTORS
PITTSBURGH, PA, January 30, 2003 — The
Federal Home Loan Bank of Pittsburgh announces the appointment
of two public interest directors to its Board of Directors.
The Federal Housing Finance Board (FHFB), which regulates
the twelve FHLBanks in the Federal Home Loan Bank System,
approved the appointments at a January 29 open meeting.
"In addition to their wide range of professional
and personal experience, these new directors serve their
communities in many ways," John T. Korsmo, FHFB
chairman, said. "Quite simply, individuals of accomplishment
whose experience will inform and benefit the Federal
Home Loan Bank of Pittsburgh."
Willard "Bill" Phillips Jr., Elkins, WV
Phillips is president and CEO of The Phillips Group,
a consulting firm that specializes in strategic planning,
corporate management and market research. From 1997
to 2001, he was vice president for development at Davis
Health System, Inc., a regional health care provider.
Phillips has a long career in public service, including
two years as chief of staff to former West Virginia
Gov. Cecil Underwood. He was a national economic development
representative at the Department of Commerce from 1991
to 1993. He served as a Washington-based director of
the Tennessee Valley Authority from 1986 to 1991.
William "Bill" Genge, Pittsburgh, PA
Genge is the retired president and CEO of Ketchum Communications,
Inc., the Pittsburgh-based international communications
company, where he began his career in advertising in
1953. In 2000, he was inducted into the Pittsburgh Advertising
Hall of Fame. He is a trustee of the University of Pittsburgh,
a member of the Katz Graduate School of Business Administration
board of visitors, and serves as a director of the Pittsburgh
Symphony Society. A World War II pilot, Genge was taken
prisoner by the Germans in 1944 after his plane crashed
near Amsterdam while on a bomber-escort mission. Genge
is a recipient of the Purple Heart.
Other FHLBank directors include:
- John T. Connelly, Board chairman
and director of Leesport Bank, Leesport, PA
- K. Scott Baker, government affairs
consultant, Klett Rooney Lieber & Schorling, Pittsburgh,
PA
- The Rev. Luis Antonio Cortés Jr.,
president, Nueva Esperanza, Inc., Philadelphia, PA
- J. Ardie Dillen, chairman, president,
chief executive officer and director, BankPittsburgh,
Pittsburgh, PA
- Russell P. Kanjorski, Esq., vice
president, Cornerstone Technologies, LLC, Wilkes-Barre,
PA
- H. Charles Maddy III, president
and chief executive officer, Summit Financial Group,
Inc., Moorefield, WV
- Dennis S. Marlo, chief risk management
officer and executive vice president, Sovereign Bank,
Reading, PA
- Edwin R. Maus, president, chief
executive officer and director, Laurel Savings Bank,
Allison Park, PA
- Marvin N. Schoenhals, chairman
and president, WSFS Financial Corporation and Wilmington
Savings Fund Society, FSB, Wilmington, DE
- Cecil H. Underwood, chief executive
officer, Cecil H. Underwood Institute, Charleston,
WV
The Federal Home Loan Bank of Pittsburgh, with assets
of nearly $50 billion, serves more than 350 financial
institution members in Delaware, Pennsylvania and West
Virginia. It is one of twelve FHLBanks, all private
cooperatively owned banks that provide wholesale housing
finance, community lending and correspondent banking
services to member banks, savings institutions, credit
unions and insurance companies.
For information about the Federal Housing Finance
Board or the Federal Home Loan Bank System, visit www.fhfb.gov.
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