Federal Home Loan Bank of Topeka has announced newly elected members to their board of directors. Barry Lockard, President/CEO of Cornhusker Bank, is the Nebraska member representative and will serve a term from January 1, 2019 through December 31, 2022.
FHLBank Topeka is a privately owned, federally chartered corporation which promotes housing and homeownership by providing wholesale products, services and programs that help member financial institutions expand the availability of mortgage credit, compete more effectively in their markets and foster strong and vibrant communities. With approximately $51.8 billion in assets and more than $2.4 billion in capital, FHLBank serves 722 banks, thrifts, credit unions and insurance companies throughout Colorado, Kansas, Nebraska and Oklahoma. FHLBank is located in Topeka, Kansas.
Congress established the system of home loan banks in 1932 to relieve financial strains on thrift institutions and to promote homeownership. There are 11 Federal Home Loan Banks located throughout the United States and they are regulated by the Federal Housing Finance Agency in Washington, D.C.
Barry noted, “I am honored to serve all the members of the FHLBank Topeka and am humbled by the trust instilled in me by the community banks, credit unions and insurance companies in Nebraska. It is a privilege to serve and represent our team at Cornhusker Bank and all of the members of our great state.” Mr. Lockard currently serves on the NBISCO board of directors, has previously served on the NBA Board of directors, and is a trustee on the board of the Colorado Graduate School of Banking.