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FHLB of New York Names New President, CEO

Effective April 1, José R. González will lead the Federal Home Loan Bank of New York (FHLBNY) as president and CEO, the bank announced.

González served as vice chairman of FHLBNY’s board of directors from 2008 through 2013, was chair of the Compensation and Human Resources Committee in 2008, and has served as an elected industry director since 2004. Prior to joining the bank, he was senior EVP of banking and corporate development for OFG Bancorp.

He is also a former member of the board of directors of Santander BanCorp, serving as vice chairman, president, and CEO from 2002 through 2008.

“From leading a local member-lender to serving as our Board’s vice chairman to his most recent role as the FHLBNY’s executive vice president, José is a proven leader at every level of community banking,” said Michael M. Horn, chairman of the bank’s board of directors. “José brings a keen understanding of not only the Home Loan Bank, but also the environment in which our members operate.”

González, meanwhile, said he is “honored to have the trust of the Board” and “excited to take on this new responsibility.”

“The FHLBNY plays an important role in local lending, one I have experienced from both sides,” González said. “I look forward to working with the Board, our members and the talented staff at the FLHBNY to continue our mission of advancing housing opportunities.

Leaving the bank is outgoing president Alfred A. DelliBovi, who submitted his resignation in late March following a 21-year career in its leadership. He joined the FHLBNY as president and CEO in November 1992.

“Al helped shape an organization that is the strongest among the Home Loan Banks, as well as a vital supporter of community lending and affordable housing across New Jersey, New York, Puerto Rico and the U.S. Virgin Islands, and his retirement is well-earned,” Horn commented.

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