Director Maddy leaves FHLB Pittsburgh board after merger of his bank holding company

Federal Home Loan Bank of Pittsburgh

H. Charles Maddy III no longer eligible as West Virginia Member Director due to merger of Summit Financial Group with Burke & Herbert Financial Services Corp.
His term was to expire December 31, 2026; vacancy triggered by change in employment status.
Board of Directors will elect a replacement from a West Virginia member institution per FHLB Act.

item 5.02

Executive movements

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Departed

H. Charles Maddy, III

West Virginia Member Director

Federal Home Loan Bank of Pittsburgh

Effective: 2024-05-03
Filed: May 3, 2024, 7:59 PM ET

On May 3, 2024, the Federal Home Loan Bank of Pittsburgh (“Bank”) determined that Mr. H. Charles Maddy, III is no longer eligible to serve as a director on the Bank’s Board of Directors as a result of the merger of bank holding company Summit Financial Group, Inc. with bank holding company Burke & Herbert Financial Services Corp.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

H. Charles Maddy, III departed as West Virginia Member Director at Federal Home Loan Bank of Pittsburgh.

Action: departed
Role: West Virginia Member Director

Exact text from the filing

On May 3, 2024, the Federal Home Loan Bank of Pittsburgh (“Bank”) determined that Mr. H. Charles Maddy, III is no longer eligible to serve as a director on the Bank’s Board of Directors as a result of the merger of bank holding company Summit Financial Group, Inc. with bank holding company Burke & Herbert Financial Services Corp.

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Source: SEC EDGAR

accession 0000950170-24-052764

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