FHLB Des Moines, FHLB Seattle finalize merger

The federal home loan Bank of Seattle and the much bigger federal home Loan Bank of Des Moines announced Thursday that they’ve agreed to merge. The banks had said in July that they were exploring a merger that would result in the national finance network’s largest cooperative by membership. The.

DES MOINES, Iowa, June 01, 2015 (GLOBE NEWSWIRE) — The Federal Home Loan Bank of Des Moines (“FHLB Des Moines”) announced today that it has successfully completed its merger with the Federal Home Loan Bank of Seattle (“FHLB Seattle”). Additional details will be included in.

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The FHLBank System Completes First Merger in 80-Year History. – "The paperwork has been formally approved and signed and the merger of the Federal Home Loan Bank of Des Moines with the Federal Home Loan Bank of Seattle is now official," said Melvin L. Watt.

This is a secured site for customers of the Federal Home Loan Bank of Des Moines.

Seattle's Federal Home Loan Bank, Midwest FHLB to merge – The FHLB of Des Moines had $82.2 billion in assets and serves about 1,200 members in five states in the Midwest. The closing of the merger requires approval by the Federal Housing Finance Agency.

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The Increased Role of the Federal Home Loan Bank System in Funding Markets, Part 1: Background 1.. the bank was merged into FHLB Des Moines after several unsuccessful attempts to restore FHLB Seattle’s capital. 6 Hence, after FHLB Seattle’s merger into FHLB Des Moines in 2015.

The plan is funded by $1 million in bond money and $400,000 from the city’s Affordable housing trust fund and the Federal Home Loan Bank of Atlanta. A state report details numerous problems at a.

DES MOINES, Iowa (9/26/14)–The Federal Home Loan Banks (FHLB) of Des Moines and Seattle have agreed to merge, according to a joint announcement Thursday. The merger has been unanimously approved by their boards.

DES MOINES, Iowa and SEATTLE, July 31, 2014 (GLOBE NEWSWIRE) — The Federal Home Loan Bank of Des Moines (FHLB Des Moines) and the Federal Home Loan Bank of seattle (fhlb seattle) announced today that they have entered into an exclusivity arrangement regarding a potential merger of the two Banks. A.

Map of FHLB territories since the merger of the Seattle and Des Moines banks in 2015. The Federal Home Loan Banks ( FHLBanks , or FHLBank System ) are 11 U.S. government-sponsored banks that provide reliable liquidity to member financial institutions (not individuals) to support housing finance and community investment.