Lynda Messick, President & CEO, Community Bank Delaware, 302-226-3333
Neil Cotiaux, FHLBank Pittsburgh, 412-335-9488; Neil.email@example.com
Community Bank Delaware CEO Named to FHLBank Pittsburgh Board;
Lynda A. Messick to Fill the Unexpired Term of David R. Gibson
Pittsburgh, PA, – June 16, 2011 – Lynda A. Messick, President and Chief Executive Officer of Community Bank Delaware, has been appointed by the Board of Directors of the Federal Home Loan Bank (FHLBank) of Pittsburgh to fill the unexpired term of director David R. Gibson, following his resignation effective June 15, 2011. Mr. Gibson, the Executive Vice President and Chief Financial Officer of Wilmington Trust Company, has served on the Board since January 2007.
Mr. Gibson’s term expires on December 31, 2011. The seat is one of two currently allocated to Delaware on the Bank’s Board.
Messick, a graduate of the Stonier School of Banking, has served as President and CEO of Community Bank Delaware since 2005. Community Bank Delaware, headquartered in Lewes, DE, operates offices in Lewes and Rehoboth Beach.
In addition to her responsibilities as CEO, Messick is a member of the American Bankers Association (ABA) Community Bankers’ Council, ABA Bank Card Board of Directors, and the Third Federal Reserve District’s Depository Institution Advisory Council.
Active in the community, Messick also serves as a board member of the American Red Cross of the Delmarva Peninsula, Nanticoke Memorial Hospital, and Friends of the Lewes Canal Front Park. She sits on the Nanticoke Hospital Governance Committee, Compensation Committee, and chairs its Risk Management Committee. In addition, Messick is a member of the Advisory Council of Heart and Soul of Sussex County, an organization dedicated to the area’s sustainable development.
FHLBank Pittsburgh is a wholesale bank that serves the housing finance and community and economic development needs of its owner-members. FHLBank Pittsburgh provides reliable access to low-cost funds, competitive pricing in the purchase of mortgage loans, correspondent banking, technical assistance, affordable housing grants and other programs so members can better serve their own communities. FHLBank Pittsburgh is privately capitalized and funded, does not use taxpayer dollars, and enjoys a triple-A rating. At March 31, 2011, it had 306 members in its district of Delaware, Pennsylvania and West Virginia and approximately $52 billion in assets. FHLBank Pittsburgh is one of twelve Banks in the Federal Home Loan Bank System, established by Congress in 1932 to support the residential mortgage and community development activities of local financial institutions.