BNET Industries

Last Fiscal Year Sales:$3.3B
  • Private
  • US
Dow Jones Description

FHLBank Pittsburgh provides readily available low-cost funding and opportunities for affordable housing and community development to 320 member financial institutions in Delaware, Pennsylvania and West Virginia. It ensures the availability of funds for housing and enhances the quality of the communities it serves. FHLBank Pittsburgh is one of twelve FHLBanks nationwide. Congress created this national network of privately owned wholesale banks in 1932 to ensure available funding for mortgages. Today, as the only wholesale source of community-building funds for neighborhood banks, the FHLBanks fill a critical vacuum by providing liquidity for small business, community development, rural and agricultural loans as well as home mortgage financing. The FHLBanks are a unique combination of private and public resources: - Private capital drives the engine and bears the risk - Public sponsorship provides favorable access to financial markets - There is not one dime of public money in the FHLBanks - Each Bank is a cooperative whose member institutions own the capital stock and receive dividends on their investments - The Banks are regulated by the Federal Housing Finance Agency, an independent agency in the executive branch of the U.S. government Every day, FHLBank Pittsburgh's employees work creatively with member institutions and other partners to help build thriving communities throughout the three-state region.

President and CEO of Fhlbank Pittsburgh and Chair
John R. Price
Number of Employees 226
Contact Information

601 Grant St

Pittsburgh, Pennsylvania 15219

fhlb-pgh.com

(412) 288-3400

NAICS Code Real Estate Credit: 522292

Recent Events

  • Federal Home Loan Bank of Pittsburgh loses $40.4 million

    10/30/09 - Financial Announcement - View Story

  • FHLBank Pittsburgh Announces Second Quarter 2009 Financial Results

    8/12/09 - Financial Announcement - View Story

News & Analysis

federal home loan bank of pittsburgh - All News and Analysis

Decision Makers

Name (plus bio) Position
J Michael Hemphill Chief Risk Officer
Kristina K Williams Chief Accounting Officer
Teresa M Donatelli Chief Information Officer
William G. Batz Chief Operating Officer
Dale N D'Alessandro Managing Director of Human Resources
Dale N. D. Alessandro Managing Director, Human Resources
Paul H Dimmick Managing Director, Capital Markets
Craig C. Howie Group Director, Member Market Access
John Bendel Director of Community Investment
Robert J. Snyder Controller
Bill Cross
Dana A. Yealy General Counsel
Maurice Clark
Neil Cotiaux Media Coordinator
Craig W Jordan Director
Walter D Alessio Director

Board of Directors

Name (plus bio) Position
John R. Price President and CEO of Fhlbank Pittsburgh and Chair
Brian A. Hudson Chair
David R. Gibson Chair
Dennis S. Marlo Chairman
Edward J. Molnar Vice Chair
Luis A. Cortes Chair
Marvin N. Schoenhals Chairman of the Board
Patrick A Bond Chair
Basil R. Battaglia Board of Directors
David W. Curtis Board of Directors
Frederick A Marcell Jr Board of Directors
Gerard M Thomchick Board of Directors
Glenn Marshall Board of Directors
H Charles Maddy Vice Chairman
John K. Darr Board of Directors
John Mason Board of Directors
John S. Milinovich Board of Directors
Nueva Esperanza Board of Directors
Patrick J Ward Vice Chair
Paul E. Reichart Board of Directors
Robert W. White Board of Directors
Sarah E. Peck Vice Chair
Walter D'Alessio Board of Directors

Organization Position Status
Federal Home Loan Bank Pittsburgh President and CEO of Fhlbank Pittsburgh and Chair Current
Fhlbanks Community Investment Liaison Current
Grinnell College Board of Directors Current
Grinnell College Trustee Current
Americans.Com Chairman Former
Queens College Degrees In Development Economics and Diplomatic History Former
Harvard Law School Degree Former

J. Michael Hemphill joined the Bank in 2000 as Audit Director. In June 2004, Mr. Hemphill became the Chief Risk Officer for the Bank. Mr. Hemphill was Director of Internal Audit at the Federal Home Loan Bank of Dallas from January 1998 through March 2000, and was the Controller from 1986 to 1997. Mr. Hemphill earned a Bachelors degree in Accounting from Texas A&M University and is a graduate of the University of Wisconsin's School of Bank Administration. Mr. Hemphill also holds a C.P.A. Mr. Hemphill is a member of the American Institute of Certified Public Accountants, Institute of Internal Auditors, and the National Association of Financial Services Auditors.

Organization Position Status
Federal Home Loan Bank Pittsburgh Chief Risk Officer Current
American Institute of Certified Public Accountants Board of Directors Current
American Institute of Certified Public Accountants Member Current
Federal Home Loan Bank of Dallas Director of Internal Audit Former
Texas A&M University Bachelors Degree In Accounting Former

Organization Position Status
Federal Home Loan Bank Pittsburgh Chief Accounting Officer Current
Pennsylvania Institute of Certified Public Accountants Board of Directors Current
The PNC Financial Services Group Inc. Chief Financial Officer Former
Deloitte & Touche LLP Former
West Virginia University Masters In Professional Accountancy Former
West Liberty State College Former

Array

Organization Position Status
Federal Home Loan Bank Pittsburgh Chief Information Officer Current
Federal Home Loan Bank of Dallas Director of Internal Audit Former
Texas A&M University Bachelors Degree In Accounting Former
University of Pittsburgh Masters Degree In Business Administration Former
Duquesne University Bachelor of Arts Degree In English Former

William G. Batz has held the position of Chief Operating Officer since joining the Bank in 1988. Previously, Mr. Batz was Senior Vice President of Finance for Mellon Bank, and held positions with Society Corporation and Peat, Marwick, Mitchell & Co. Mr. Batz is a C.P.A., holds an M.B.A. from the University of Chicago and a doctorate from the University of Minnesota. Mr. Batz is a frequent public speaker on behalf of the Bank, and is active with trade associations, Wall Street counterparties and the political sector. Mr. Batz has served as a director of the Pennsylvania Bankers Association.

Organization Position Status
Federal Home Loan Bank Pittsburgh Chief Operating Officer Current

Organization Position Status
Federal Home Loan Bank Pittsburgh Managing Director of Human Resources Current
Mylan Pharmaceuticals Inc. Vice President of Human Resources Former
Geneva College Bachelor of Science Degree In Human Resource Management Former

Dale N. D Alessandro joined the Bank in 2008 as the Managing Director of Human Resources. Prior to joining the Bank, Mr. D Alessandro was the Vice President Human Resources for Mylan Pharmaceuticals from 2003 to 2005. Before joining Mylan, Mr. D Alessandro spent 27 years at Dominion Resources Pittsburgh office where he served in a variety of capacities. Mr. D Alessandro earned a bachelor degree in Human Resource Management from Geneva College, and attended St. Francis University for a Masters degree in Human Resources and Industrial Relations. Mr. D Alessandro is a member of the Pittsburgh Human Resources Association, Society of Human Resources Management and Leadership Pittsburgh.

Organization Position Status
Federal Home Loan Bank Pittsburgh Managing Director, Human Resources Current
Pittsburgh Human Resources Association Board of Directors Current
Federal Home Loan Bank Pittsburgh Board of Directors Current
Leadership Pittsburgh Inc Board of Directors Current
Geneva College Bachelor Degree In Human Resource Management Former
St Francis University Former

Organization Position Status
Federal Home Loan Bank Pittsburgh Managing Director, Capital Markets Current
Federal Home Loan Bank Pittsburgh Board of Directors Current
Capital Markets Managing Director Former
Chemical Banking Corporation Senior Managing Director Former
Federal Reserve Bank of New York Examiner Former
Lafayette College Bachelors Degree In Economics Former

Craig C. Howie joined the Bank in 1990, and is the Group Director of the Bank's Member Market Access department which includes Member Money Desk, Sales and Marketing, Mortgage Partnership Finance, Bank4Bank and Collateral Operations. Before joining the Bank, Mr. Howie worked for Chemical Bank in New York as an Assistant Vice President in Mortgage Capital Markets. Prior to that, Mr. Howie worked for GMAC as an Assistant Vice President in Secondary Marketing. Mr. Howie received a Bachelors degree in Finance and Marketing from Susquehanna University and a Masters degree in Business Administration with a concentration in Finance from Drexel University.

Organization Position Status
Federal Home Loan Bank Pittsburgh Group Director, Member Market Access Current
GMAC Assistant Vice President Former
Chemical Banking Corporation Assistant Vice President Former
Drexel University Masters Degree In Business Administration Former
Susquehanna University Bachelors Degree In Finance and Marketing Former
Drexel University Business Administration With A Concentration In Finance Former

Organization Position Status
Federal Home Loan Bank Pittsburgh Director of Community Investment Current
Fhlbanks Community Investment Liaison Current
Federal Home Loan Bank Pittsburgh Board of Directors Current
Mullin & Lonergan Associates, Inc Former
University of Pittsburgh Master of Science Degree In Public Administration Former

Organization Position Status
Federal Home Loan Bank Pittsburgh Controller Current

Mr. Cross has been a Commissioner serving the Seventh Ward for the last 8 years. Currently, he is Chairman of the Water Committee and is a member of the Parks and Recreation, Finance Committee. Personnel Committee and Information Technology Committee. He is also an alternate representative to the North Hills Council of Governments. He has previously served as Chairman of the Public Safety Committee and Public Works Chairman. Mr. Cross is employed by the Federal Home Loan Bank of Pittsburgh where he holds the position of Service and Compliance Manager. Mr. Cross is a graduate of University of Pittsburgh, where he earned his Bachelor's Degree in Computer Science. Bill is a lifelong resident of Shaler, where he resides with his wife Karen and their four daughters. They are members of St. Mary's Church congregation of Glenshaw.

Organization Position Status
Shaler Township Seventh Ward Commissioner Current
Federal Home Loan Bank Pittsburgh Current
Shaler Township Board of Directors Current
Public Works Chairman Former
University of Pittsburgh Bachelor's Degree In Computer Science. Former

Organization Position Status
Federal Home Loan Bank Pittsburgh General Counsel Current
Society of Corporate Secretaries & Governance Professionals Board of Directors Current
Federal Home Loan Bank Pittsburgh Board of Directors Current
Federal Home Loan Bank Attorney Former
Federal Home Loan Bank of Dallas Attorney Former
Dickinson School of Law Juris Doctorate Former
Boston University School of Law Ll.M In Banking Law Former
Westminster College Bachelors Degree In Economics Former

Organization Position Status
Federal Home Loan Bank Pittsburgh Current
Huntington Federal Savings Bank Chief Executive Officer Former

Organization Position Status
Federal Home Loan Bank Pittsburgh Media Coordinator Current

Organization Position Status
Federal Home Loan Bank Pittsburgh Chair Current
National Council of State Housing Agencies Board of Directors Current
Federal Home Loan Bank Pittsburgh Board of Directors Current
The Pennsylvania State University BA Former

Organization Position Status
Federal Home Loan Bank Pittsburgh Chair Current
Vanderbilt University MBA In Finance and Accounting Former
University of Delaware Undergraduate Degree Former

Organization Position Status
Sovereign Bancorp, Inc. Chief Risk Mgmt Officer Current
Sovereign Bank Executive Vice President Current
EnerSys Inc. Executive Vice President Current
Federal Home Loan Bank Pittsburgh Chairman Current
Federal Home Loan Bank Chairman of The Board of Directors Current
Harcum College Board of Directors Current
Nova Savings Bank Board of Directors Current
EnerSys Inc. Board of Directors Current
Sovereign Bank Treasurer Current
NOVA Financial Holdings, Inc. Director Current
Financial Managers Society, Inc Board of Directors Current
Financial Managers Society, Inc Member Current
Sovereign Bank President, Pennsylvania Division Former
Sovereign Bank Chief Financial Officer Former
Sovereign & Co. Chief Financial Officer Former
Sovereign Bancorp, Inc. Executive Vice President Former
KPMG International partner Former
Sovereign Bancorp, Inc. Officer Former
Federal Home Loan Bank Pittsburgh Vice Chair Former
The University of Texas at Austin Graduate School of Community Bank Management Former
La Salle University Bachelor of Science Degree In Accounting Former
The University of Texas at Austin Graduate School of Community Bank Management Former

Organization Position Status
Harleysville Savings Financial Corporation Fourth President of The Bank Current
Harleysville Savings Bank Chairman Current
Federal Home Loan Bank Pittsburgh Vice Chair Current
Harleysville Savings Financial Corporation Board of Directors Current
Harleysville Savings Financial Corporation Chairman, CEO Former

Organization Position Status
Nueva Esperanza, Inc. CEO Current
Nueva Esperanza, Inc. President Current
Federal Home Loan Bank Pittsburgh Chair Current
Cancer Treatment Centers of America Board of Directors Current

Organization Position Status
Wilmington Savings Fund Society FSB Chairman Current
WSFS Financial Corporation CEO Former
WSFS Financial Corporation Chairman & President Former
WSFS Financial Corporation Board of Directors Former
University of Michigan BA Former

Patrick Bond joined the Board of Directors of the Bank in May 2007. He is a Founding General Partner of Mountaineer Capital, LP in Charleston, West Virginia. He graduated with a BS in Industrial Engineering and an MS in Industrial Engineering from West Virginia University. He is President of the West Virginia Symphony Orchestra, a member of the Board of Charleston Area Alliance, a member of the Board of Clay Center for the Arts and Sciences of West Virginia, a former President of Charleston Renaissance Corporation and a former member of the FHLBank Pittsburgh s Affordable Housing Advisory Council.

Organization Position Status
West Virginia Symphony Orchestra President Current
Federal Home Loan Bank Pittsburgh Chair Current
Charleston Area Alliance Board of Directors Current
West Virginia Symphony Orchestra Board of Directors Current

Mr. Battaglia joined the Bank s Board of Directors in 2004 as an Appointed Director. Mr. Battaglia is the owner of Beckworth Title Company and Beckworth Consulting, both sole proprietorships which provide services to the Delaware legal community in various research projects, primarily involving property transfers and not-for-profit organizations. From 1988 to 2001, he was the chairman of the Republican State Committee in Delaware. From 1977 to 1993, Mr. Battaglia was director of the Delaware Turnpike, a state division.

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

Organization Position Status
Federal Home Loan Bank Pittsburgh Director Current

Mr. Curtis joined the Bank s Board of Directors in March 2006. He is a member of the board of directors of Citizens Bank Delaware. Mr. Curtis is the executive vice president of Leon N. Weiner & Associates, Inc., a multi-faceted real estate development firm which has long been recognized as an industry leader and innovator in the finance and development of affordable housing. Mr. Curtis is also the president of Arbor Management, LLC, a multifamily residential management company with a portfolio of more than 4,500 units in 56 properties throughout the Mid-Atlantic States. Mr. Curtis currently serves as the Co-Chairman of the Mortgage Roundtable, a blue ribbon panel of 50 leaders from the housing finance industry.

Organization Position Status
Arbor Management, Inc President Current
Leon N. Weiner & Associates Executive Vice President Current
Citizens Financial Group, Inc. Board of Directors, Delaware Current
Federal Home Loan Bank Pittsburgh Board of Directors Current

Organization Position Status
Federal Home Loan Bank Pittsburgh Board of Directors Current
Willow Grove Foundation Director Current
Willow Grove Bank Director Former
La Salle University Undergraduate Degree Former

Mr. Thomchick has served on the Board of Directors of the Bank since 2005. Mr. Thomchick is president and chief executive officer of First Commonwealth Bank. Mr. Thomchick is also senior executive vice president and chief operating officer of First Commonwealth Financial Corporation. In his past role as chairman of its mergers and acquisition team, he directed the negotiations and due diligence of 11 acquisitions and mergers. He is a director of First Commonwealth Bank.

Organization Position Status
Federal Home Loan Bank Pittsburgh Board of Directors Current
First Commonwealth Financial Corporation Chief Operating Officer Former
First Commonwealth Financial Corporation Senior Executive Vice President Former
First Commonwealth, Inc. Former
Harvard Business School BS Former
The Pennsylvania State University Member Former

Glenn Marshall is President & CEO of First Resource Bank and has over 25 years of banking experience with 20 of those in Chester County. Mr. Marshall graduated from Drexel University with a BS in Accounting and Marketing. He has his MBA from St Joseph's University with a concentration in Finance and Banking. In the past, Mr. Marshall has served as a Supervisor in West Whiteland Township, the Treasurer of the Exton Chamber of Commerce, Treasurer of West Chester United Soccer Club, and a Member of the Board of Directors of the West Whiteland Fire Company. He is currently a Member of the West Whiteland Township Audit Committee, a Member of the West Whiteland Township Pension Board and Member of the Radnor Hunt Club Foundation Board.

Organization Position Status
First Resource Bank President & CEO Current
West Whiteland Township Board of Directors Current
Federal Home Loan Bank Pittsburgh Board of Directors Current
West Whiteland Fire Company Member of the Board of Directors Former
St. Joseph's University Master of Business Administration Former
Drexel University Bs In Accounting and Marketing. Former

Array

Organization Position Status
West Virginia Bankers Association, Inc Director Current
Summit Financial Group, Inc. Board of Directors Current
Federal Home Loan Bank Pittsburgh Vice Chairman Current
West Virginia Association of Community Bankers, Inc. President Former
West Virginia Association of Community Bankers, Inc. Director Former
Federal Home Loan Bank Pittsburgh Board of Directors Former
Concord College Former

Organization Position Status
Federal Home Loan Bank Pittsburgh Board of Directors Current
Federal Home Loan Bank Pittsburgh Vice Chair Current

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

John Milinovich was elected to the Board of Directors of the Bank and began his term January 1, 2009. Mr. Milinovich is Executive Vice President, Treasurer and CFO of Washington Federal Savings Bank. Mr. Milinovich has 35 year s experience including 10 years banking experience and 25 years of public accounting experience. Mr. Milinovich holds a Bachelor of Science degree in Accounting from Duquesne University and has continuously maintained his CPA license in Pennsylvania from 1976 to present. He has completed the graduate-level America s Community Bankers National School of Banking program at Fairfield University, where he received the prestigious Chairman s Award for leadership ability and academic excellence. Mr. Milinovich serves on the Washington County Chamber of Commerce s Board and Executive Committee, holding the office of Past Chairman. Mr. Milinovich has served on the Steering Committee of the Southwestern PA Growth Alliance, the Board of Directors of the Southwest Corner Workforce Investment Board, the Board of Governors of the Pennsylvania Economy League Western Division, as Chairman of the Washington County Branch of the Pennsylvania Economy League, as Treasurer and Board Member of the United Way of Washington County, as Chairman of the PICPA State Continuing Professional Education Committee and as a Committee member of the PICPA State Education Committee.

Organization Position Status
Washington Federal Savings Bank, Inc. CFO Current
Washington Federal Savings Bank, Inc. Executive Vice President Current
Washington Federal Savings Bank, Inc. Treasurer Current
Federal Home Loan Bank Pittsburgh Board of Directors Current
Duquesne University Bachelor of Science Degree In Accounting Former

Organization Position Status
Federal Home Loan Bank Pittsburgh Board of Directors Current
Federal Home Loan Bank Pittsburgh President Former

Organization Position Status
Penn Liberty Bank Chief Executive Officer Current
Penn Liberty Bank Chairman Current
Federal Home Loan Bank Pittsburgh Board of Directors Current
The Phoenixville Area Ymca Board of Directors Current
Philadelphia Police Athletic League Board of Directors Current
Carnegie Mellon University Degree In Economics Former

Organization Position Status
CCFNB Bancorp Inc. Chief Executive Officer Current
Danville Chief Executive Officer Current
Columbia County Farmers National Bank President Current
Danville President Current
Oriental Lodge Board of Directors Current
Federal Home Loan Bank Pittsburgh Board of Directors Current
Federal Home Loan Bank Pittsburgh Chair Former
Bloomsburg University of Pennsylvania Former
CCFNB Bancorp Inc. Chairman Former

Organization Position Status
Abington Bank Chairman, President and Chief Executive Officer Current
Federal Home Loan Bank Pittsburgh Board of Directors Current
Abington Community Bancorp, Inc. CEO Former
Abington Community Bancorp, Inc. President Former
Abington Community Bancorp, Inc. Chairman of The Board Former

Organization Position Status
Progressive Housing Ventures LLC President Current
Federal Home Loan Bank Pittsburgh Vice Chair Current
Progressive Housing Ventures LLC Owner Former
West Chester University Adjunct Professor Former
The London School of Economics MS Former
Yale University BA Former

Organization Position Status
Independence Blue Cross Director Current
Federal Home Loan Bank Pittsburgh Director Current
Pennsylvania Real Estate Investment Trust Director Current
Legg Mason Real Estate Services, Inc. Chief Executive Officer Former
Philadelphia Industrial Development Corp Executive Vice President Former
Legg Mason Real Estate Services, Inc. Chairman Former
Northmarq Capital, Inc. Vice Chairman Former

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

Executive News

  • Congressman Gerlach Marks 20th Anniversary of Affordable Housing Program: Community Celebration...

    Forbes.com - 8/28/09 - View Story

  • Congressman Gerlach Marks 20th Anniversary of Affordable Housing Program: Community Celebration Cites $17.3 Million for More Than 3,500 Housing Units

    Business Wire - 8/28/09 - View Story

  • Abington Bancorp, Inc. Announces Quarterly Dividend

    Sys-Con Canada - 8/27/09 - View Story

  • FHLBank Pittsburgh Announces Second Quarter 2009 Financial Results

    Business Wire - 8/12/09 - View Story

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