BNET Industries

Last Fiscal Year Sales:$2.6B
  • Public
  • US
Dow Jones Description

To help families afford housing by working with member financial institutions located in Indiana and Michigan to meet their funding needs for both residential mortgage loans and loans to support the economic growth of their communities. The FHLBI also provides grants for building and rehabilitating low-income housing. The FHLBI expects to deliver a market return on the equity investment by its member/owner institutions. The Federal Home Loan Bank of Indianapolis is a wholesale bank that provides loans, grants, and business services to member financial institutions in Indiana and Michigan. We are one of twelve such banks in the Federal Home Loan Bank System established in 1932. FHLBanks are privately capitalized and funded, and receive no Congressional appropriations. Our credit programs provide funding to help members with liquidity and asset/liability management, interest rate risk, profitability enhancement, and mortgage pipeline funding. In addition to funding, we provide various correspondent services, such as securities safekeeping and wire transfers. The FHLBI also helps to meet the economic and housing needs of communities and families through grants and low-cost advances that help support affordable housing and economic development initiatives.

CEO & Senior Vice President
Brian Fike
Number of Employees 152
Contact Information

8250 Woodfield Crossing Blvd

Indianapolis, Indiana 46240

fhlbi.com

(317) 465-0200

NAICS Code Commercial Banking: 522110

Recent Events

  • Federal Home Loan Bank of Indianapolis Announces 2009 Third Quarter Financial Results

    10/29/09 - Financial Announcement - View Story

News & Analysis

federal home loan bank of indianapolis - All News and Analysis

Decision Makers

Name (plus bio) Position
Brian Fike CEO & Senior Vice President
Christine A Coady President and CEO, Michigan Interfaith Trust Fund
Larry A. Swank President and CEO, The Sterling Group
Maurice F. Winkler III President and CEO, Peoples Federal Savings Bank of Dekalb County
Milton J. Miller II President, Chief Executive Officer
Michael J. Hannigan President, the Hannigan Company, Llc
Christopher A. Wolking Senior Executive Vice President and CFO, Old National Bancorp
Cindy L Konich Senior Vice President, Chief Financial Officer
Douglas J. Iverson Senior Vice President Acting Chief Operating Officer
Gregory F. Ehlinger Senior Vice President and Cfo, Irwin Financial Corporation
Gregory L Teare Senior Vice President, Chief Banking Officer
Jim Logue Senior Vice President and Coo, Great Lakes Capital Fund
John L Skibski Executive Vice President and Chief Financial Officer of Monroe Bank and Trust In Monroe
Paul D. Borja Executive Vice President and Cfo, Flagstar Bank, Fsb
Vincent J Otto Executive Vice President and Chief Financial Officer of Waterfield Mortgage Company
Jeffrey A. Poxon Senior Vice President Investments
Jonathan R. West Senior Vice President, Administration, General Counsel and Corporate Secretary
Ray D. Tooker Senior Vice President of Macatawa Bank
Vincent A Cera Senior Vice President Information System and Operations
Bradley A. Burnett First Vice President Controller
Mary Beth Wott Vice President, Community Investment Officer
Mary Beth Wott Vice President, Ci Officer
Jon Griffin Credit Services Director
William McDowell Director of Sales
Bill Davis Member Link Manager
Brian McCoy Advances Manager
Debora Conley Compliance Manager, Homeownership
Dennis Haworth Underwriting Manager
Scott Stansberry Collateral Manager
Shannon Fountain Community Lending Manager
Trish Lewis Compliance Manager, Rental
Becca Young Collateral Operations, Coordinator
Carl E. Liedholm Prof of Economics at Michigan State University In East Lansing
Casey Horoho Database Administrator
Doug Houck Commercial Loan Analyst
Elliot Spoon Professor of Law In Residence at Michigan State University College of Law In East Lansing
John Bingham Senior Credit Analyst
Jonny Childress Database Administrator
Kathryn Crumpton Operations & Information Coordinator
Mark Pascarella Lending Officer
Matt Fix Lending Officer
Rebecca Henderson Compliance Analyst
Robert Graves Database Administrator
Ronna Edwards Compliance Analyst
Rosemarie Roberts Compliance Analyst
Kevin Slaughter Member Link Operations

Board of Directors

Name (plus bio) Position
Charles L. Crow Vice Chair, Chairman, President and CEO, Community Bank
Paul C. Clabuesch Chair, Chairman and CEO, Thumb National Bank & Trust
Robert D. Long Corporate Director and Audit Committee Chair, Kenra, Ltd.
Thomas R. Sullivan Hr Committee Chairman
James D Macphee Board of Directors
Jonathan P. Bradford Board of Directors
Michael H. Price Board of Directors
Paul J. Weaver Board of Directors
Teresa S. Lubbers Board of Directors
Timothy P. Gaylord Board of Directors
Valde Garcia Board of Directors

Organization Position Status
Federal Home Loan Bank of Indianapolis CEO & Senior Vice President Current
Federal Home Loan Bank of Indianapolis Senior Vice Presidentmember Services Former

Organization Position Status
Community Bancshares, Inc President Current
Federal Home Loan Bank of Indianapolis Vice Chair, Chairman, President and CEO, Community Bank Current
Federal Home Loan Bank of Indianapolis Chairman Current
Community Bancshares, Inc Chairman Current

Organization Position Status
Federal Home Loan Bank of Indianapolis President and CEO, Michigan Interfaith Trust Fund Current
Federal Home Loan Bank of Indianapolis Board of Directors Current

Organization Position Status
Federal Home Loan Bank of Indianapolis President and CEO, The Sterling Group Current
Federal Home Loan Bank of Indianapolis Board of Directors Current

Organization Position Status
Peoples Federal Savings Bank CEO Current
Federal Home Loan Bank of Indianapolis President and CEO, Peoples Federal Savings Bank of Dekalb County Current
Peoples Federal Savings Bank President Current
Peoples Financial Corporation Director Current
Federal Home Loan Bank of Indianapolis Board of Directors Current
Peoples Bancorp CEO Former
Peoples Bancorp Director and President of Peoples Bancorp and Peoples Federal Former

Milton Miller began serving as President and CEO on July 16, 2007. Previously, he served as Chief Financial Officer since 1985. In this capacity, Miller was responsible for credit, investments, funding, derivatives, and risk management. During this period, he took a major role in the development of the Mortgage Purchase Program (MPP). Miller began his career at the FHLBI in 1978 as a research associate and subsequently held the roles of assistant economist, cash manager and asset/liability manager prior to his appointment as CFO. Miller received a BS in management and administration and an MBA in finance from Indiana University, and is a Chartered Financial Analyst.

Organization Position Status
Federal Home Loan Bank of Indianapolis President, Chief Executive Officer Current
Federal Home Loan Bank of Indianapolis Principal Executive Officer Current
Federal Home Loan Bank of Indianapolis Senior Vice President Chief Financial Officer Former
Indiana University BS In Management Former
Indiana University MBA In Finance Former
Indiana University BS Former

Organization Position Status
Federal Home Loan Bank of Indianapolis Chair, Chairman and CEO, Thumb National Bank & Trust Current
Federal Home Loan Bank of Indianapolis Board of Directors Current

Organization Position Status
Federal Home Loan Bank of Indianapolis President, the Hannigan Company, Llc Current
Federal Home Loan Bank of Indianapolis Hr Committee Vice Chairman Current
Federal Home Loan Bank of Indianapolis Board of Directors Current
The Precedent Companies, Inc. Executive Vice President Former
The Precedent Companies, Inc. Director Former

Christopher A. Wolking is currently Senior Executive Vice President and Chief Financial Officer of Old National Bancorp. Christopher began his career at Old National in 1999 as Treasurer and was subsequently promoted to Senior Vice President in 2001 and Executive Vice President in 2005. Previously, Mr. Wolking worked in various roles in the treasury and wealth management units of Old Kent Financial Corporation.

Organization Position Status
Old National Bancorp Chief Financial Officer & Senior Executive Vice President Current
Federal Home Loan Bank of Indianapolis Senior Executive Vice President and CFO, Old National Bancorp Current
Federal Home Loan Bank of Indianapolis Board of Directors Current
Old National Bancorp Treasurer Former

Organization Position Status
Federal Home Loan Bank of Indianapolis Senior Vice President, Chief Financial Officer Current
Federal Home Loan Bank of Indianapolis Board of Directors Current
Federal Home Loan Bank of Indianapolis Principal Financial Officer Former
Indiana University MBA Former
Indiana University BS In Economics Former

Douglas J. Iverson Senior Vice President - Director of Marketing Iverson oversees the sales and marketing department. His duties include collaborating with other departments on new product design and development and overseeing preparations for annual member meetings. Iverson began his career at the FHLBI in 2005 as the manager of the Mortgage Purchase Program. His prior banking experience includes serving as CEO of Ottawa Savings/AmeriBank and later as a senior officer with Fifth Third Bank. Iverson earned a BA in economics and management from Hope College in Holland, Michigan, and an MBA from Western Michigan University.

Organization Position Status
Federal Home Loan Bank of Indianapolis Senior Vice President Acting Chief Operating Officer Current
Federal Home Loan Bank of Indianapolis Board of Directors Current
Fifth Third Bank Executive Vice President, Retail Former
Western Michigan University MBA Former
Western Michigan University BA In Economics Former
Hope College BA In Economics Former

Organization Position Status
Irwin Financial Corp. Cfo Current
Irwin Financial Corp. Senior Vice President Former
Federal Home Loan Bank of Indianapolis Audit Committee Chairman Current
Federal Home Loan Bank of Indianapolis Board of Directors Current
MADE2MANAGE Systems, Inc. past director Former
MADE2MANAGE Systems, Inc. Director Former
Columbus Economic Development Board Board Member Former
Irwin Financial Corp. Treasurer Former
Darden Graduate School of Business Administration Masters In Business Administration Former
University of Virginia Masters in Business Administration Former
University of Virginia Bachelor of Arts Degrees In Economics and Psychology Former

Organization Position Status
Federal Home Loan Bank of Indianapolis Senior Vice President, Chief Banking Officer Current
Federal Home Loan Bank Vice President Former
Federal Home Loan Bank of Indianapolis Vice President Former
Federal Home Loan Bank Seattle Vice President Former
Federal Home Loan Bank Director of Mortgage Purchase Former
Federal Home Loan Bank of Indianapolis Director of Mortgage Purchase Former
Federal Home Loan Bank Seattle Director of Mortgage Purchase Former
The University of Akron MBA Former
The Ohio State University Undergraduate Degree Former

Organization Position Status
Federal Home Loan Bank of Indianapolis Senior Vice President and Coo, Great Lakes Capital Fund Current
Great Lakes Capital Fund Chief Operating Officer for Glcf Current
Great Lakes Capital Fund Senior Vice President Current
The Habitat Company Inc. Board Member Current
Federal Home Loan Bank of Indianapolis Board of Directors Current
Great Lakes Capital Fund Regional President Former

Organization Position Status
Monroe Family Ymca President Current
Monroe Bancorp Inc. Chief Financial Officer Former
MBT Financial Corp. Executive Vice President & Cfo Current
Monroe Bancorp Inc. Executive Vice President Former
Federal Home Loan Bank of Indianapolis Board of Directors Current
Monroe Bancorp Inc. Director Current
MBT Financial Corp. Director Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Executive Vice President and Cfo, Flagstar Bank, Fsb Current
Flagstar Bank Chief Financial Officer Current
Flagstar Bancorp, Inc. Cfo Current
Flagstar Bancorp, Inc. Executive Vice President Current
Flagstar Bank Executive Vice President of the Company Current
Federal Home Loan Bank of Indianapolis Board of Directors Current
Kutak Rock Llp Partner Former
The George Washington University Law Degree Former
Georgetown University Master S Degree In Tax Law Former
University of Notre Dame Bachelor S Degree In Accounting Former
The George Washington University Degree Former

Organization Position Status
Federal Home Loan Bank of Indianapolis Executive Vice President and Chief Financial Officer of Waterfield Mortgage Company Current
Union Federal Bank Chief Financial Officer Former
Waterfield Mortgage Company Incorporated Chief Financial Officer Former
Union Federal Bank Executive Vice President Former
Waterfield Mortgage Company Incorporated Executive Vice President Former

Organization Position Status
Federal Home Loan Bank of Indianapolis Senior Vice President Investments Current
Lafayette Life Insurance Co. Inc. Senior Vice President Investments and Chief Investment Officer Current
Lafayette Indiana Director Current
Indiana, Inc. Director Current
Federal Home Loan Bank of Indianapolis Board of Directors Current
LSB Financial Corp. Director Current

Mr. West elected to defer $6,618 of his non-equity incentive compensation while receiving the remaining $37,499 in cash. The amounts included in the Change in Pension Value and Nonqualified Deferred Compensation Earnings column are 100% attributable to the change in pension value for the NEOs from December 31, 2005 to December 31, 2006 as we do not pay above market earnings to any employee in the nonqualified deferred compensation plan. The change in pension values for Mr. Heger, Mr. Miller, and Mr. Cera include an additional three years of service and an additional three years of age as part of the early retirement incentive package that they each received.

Organization Position Status
Federal Home Loan Bank of Indianapolis Senior Vice President, Administration, General Counsel and Corporate Secretary Current
Federal Home Loan Bank of Indianapolis Board of Directors Current
Indiana University School of Law Jd Former
Kelley School of Business Bloomington MBA Former

Array

Organization Position Status
Macatawa Bank Corporation Senior Vice President, Loan Administration Current
Federal Home Loan Bank of Indianapolis Hr Committee Vice Chairman Current
Federal Home Loan Bank of Indianapolis Board of Directors Former

Organization Position Status
Federal Home Loan Bank of Indianapolis Senior Vice President Information System and Operations Current

Mr. Burnett was appointed as First Vice President Controller effective March 13, 2009. Since Mr. Weaver s resignation on February 27, 2009, Mr. Burnett has served as the Bank s principal accounting officer. Prior to his appointment as First Vice President Controller, Mr. Burnett served as Vice President Assistant Controller of the Bank since September 2007 and Assistant Vice President Director of SEC Reporting and Accounting Policy, since joining the Bank in February 2006. Prior to coming to the Bank, Mr. Burnett was an Audit Manager at PricewaterhouseCoopers LLP in Indianapolis, Indiana where he worked from September 1997 until February 2006.

Organization Position Status
Federal Home Loan Bank of Indianapolis First Vice President Controller Current
Federal Home Loan Bank of Indianapolis Principal Accounting Officer Former

Organization Position Status
Federal Home Loan Bank of Indianapolis Vice President, Community Investment Officer Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Vice President, Ci Officer Current
Federal Home Loan Bank of Indianapolis Community Investment Officer Former

Organization Position Status
Federal Home Loan Bank of Indianapolis Credit Services Director Current

Robert D. Long, CPA, retired from KPMG, LLP on December 31, 2006, where he was the Office Managing Partner in the Indianapolis, Indiana office since 1999 and had served as an Audit Partner for KPMG since 1988. Mr. Long serves as Board Chairman for Kenra, Ltd.

Organization Position Status
Federal Home Loan Bank of Indianapolis Corporate Director and Audit Committee Chair, Kenra, Ltd. Current
Federal Home Loan Bank of Indianapolis Audit Committee Vice Chairman Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Director of Sales Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Member Link Manager Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Advances Manager Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Compliance Manager, Homeownership Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Underwriting Manager Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Collateral Manager Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Community Lending Manager Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Compliance Manager, Rental Current
Federal Home Loan Bank of Indianapolis Compliance Analyst Former

Organization Position Status
Federal Home Loan Bank of Indianapolis Collateral Operations, Coordinator Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Prof of Economics at Michigan State University In East Lansing Current
Federal Home Loan Bank of Indianapolis Board of Directors Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Database Administrator Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Commercial Loan Analyst Current

Elliot is "of counsel" to the Firm. He has expertise in the areas of mortgage banking, general corporate law, securities, mergers and acquisitions and non-profit law. He was previously on the Firm's Executive Committee and Chair of its Business Transactions Group. Elliot is a Professor and Assistant Dean at Michigan State University College of Law where he teaches contracts, securities regulation, corporate finance and mortgage banking. Elliot was appointed in February 2008 by the Federal Housing Finance Board to the Board of Directors of the Federal Home Loan Bank of Indianapolis. He is also on the Board of Directors of The Children's Center of Wayne County and MSU Hillel.

Organization Position Status
Michigan State University College of Law Prof Current
Federal Home Loan Bank of Indianapolis Professor of Law In Residence at Michigan State University College of Law In East Lansing Current
Michigan State University Professor Current
Jaffe Raitt Heuer & Weiss Attorney Current
Childrens Center Board of Directors Current
Federal Home Loan Bank of Indianapolis Board of Directors Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Senior Credit Analyst Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Database Administrator Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Operations & Information Coordinator Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Lending Officer Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Lending Officer Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Compliance Analyst Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Database Administrator Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Compliance Analyst Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Compliance Analyst Current

Organization Position Status
Firstbank Corporation Chief Executive Officer Former
Keystone Community Bank Director Current
Federal Home Loan Bank of Indianapolis Board of Directors Current
Federal Home Loan Bank of Indianapolis President and CEO, Firstbank Corporation Former
Firstbank Corporation Board of Directors Former
Firstbank Corporation President Former

Organization Position Status
Kalamazoo County State Bank Chief Executive Officer Current
Federal Home Loan Bank of Indianapolis Board of Directors Current
Kalamazoo County State Bank Director Current
Federal Home Loan Bank of Indianapolis CEO, Kalamazoo County State Bank Former

Organization Position Status
Inner City Christian Federation CEO Current
Inner City Christian Federation Executive Director Former
Federal Home Loan Bank of Indianapolis Board of Directors Current
Federal Home Loan Bank of Indianapolis President and CEO of Inner City Christian Federation of Grand Rapids Former
Inner City Christian Federation President Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Board of Directors Current
Federal Home Loan Bank of Indianapolis President and Chief Executive Officer Former

Organization Position Status
Federal Home Loan Bank of Indianapolis Board of Directors Current
Great Lakes Capital Fund Glcf Board Member Current
Indiana University MBA Former
Purdue University BS Former
Federal Home Loan Bank of Indianapolis Research Associate Former

Organization Position Status
Federal Home Loan Bank of Indianapolis Board of Directors Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Board of Directors Current
Federal Home Loan Bank of Indianapolis Audit Committee Vice Chairman Current
Federal Home Loan Bank of Indianapolis President and Chief Executive Officer of Capital Directions, Inc. Former

Organization Position Status
Federal Home Loan Bank of Indianapolis Board of Directors Current

Organization Position Status
Federal Home Loan Bank of Indianapolis Member Link Operations Current

Executive News

  • Irwin Financial Corporation Q2 2009 Earnings Call Transcript

    Seeking Alpha - 8/25/09 - View Story

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