Federal Home Loan Bank of San Francisco announces 2021

SAN FRANCISCO, December 02, 2021 (GLOBE NEWSWIRE) – The Federal Home Loan Bank of San Francisco today announced the results of the election of its directors in 2021.

FHLBank San Francisco members elected David Adame and Banafsheh Akhlaghi as independent non-member directors.

David Adame is President and CEO of Chicanos Por La Causa (CPLC), one of the largest community development companies in the country. Mr. Adame was Chief Operating Officer and Chief Financial Officer before assuming the role of President and Chief Executive Officer. Under his leadership, CPLC experienced significant growth and expansion in Arizona, Nevada, New Mexico, California, Texas and Mexico. Mr. Adame has served on the Bank’s Affordable Housing Advisory Board since 2016.

Banafsheh Akhlaghi has over 20 years of experience as the founder of a non-profit civil rights organization, consultant to the United Nations, regional director of Amnesty International and founder of a private international law firm. . His expertise includes environment, social, governance (ESG), risk management, legal and business strategy, diversity and inclusion and public policies. Currently, she is the co-chair and member since 2010 of the California State Bar Legal Services Trust Fund Commission, focusing on legal advocacy for underserved and under-represented populations and homelessness prevention.

The California members of the Bank also re-elected Marangal (Marito) I. Domingo and Joan C. Opp as California member directors. Mr. Domingo is CFO and Director of Credit, First Technology Credit Union, San Jose, California. Ms. Opp is President and CEO of Stanford Federal Credit Union in Palo Alto, California.

Each of these four positions has a four-year term starting January 1, 2022 and ending December 31, 2025.

Federal Mortgage Bank of San Francisco

The Federal Home Loan Bank of San Francisco is a member-driven cooperative that helps local lenders in Arizona, California, and Nevada build strong communities, create opportunity, and change lives for the better. The tools and resources we provide to our member financial institutions – commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies and community development financial institutions – promote home ownership, expand access to quality housing, create or support small businesses, and revitalize entire neighborhoods. Together with our members and other partners, we make the communities we serve more vibrant and resilient.

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