FHLBank San Francisco names Alanna McCargo as President and CEO, effective June 10, 2024

Federal Home Loan Bank of San Francisco

Alanna McCargo, former Ginnie Mae President, appointed President and CEO effective June 10, 2024.
Teresa Bryce Bazemore will step down as CEO on June 10, become EVP Special Advisor through June 30, then consultant through August 2024 at $50,000 fee.
McCargo's employment agreement provides $890,000 base salary, SERP contributions of 25%-35% of total compensation, and severance terms tied to term expiration or without-cause termination.
McCargo has extensive housing finance experience including HUD, Urban Institute, CoreLogic, JP Morgan Chase, and Fannie Mae.

item 5.02 item 7.01 item 9.01

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Appointed

Alanna McCargo

President and Chief Executive Officer

Federal Home Loan Bank of San Francisco

Effective: 2024-06-10
Filed: May 8, 2024, 7:59 PM ET

On May 8, 2024, the Federal Home Loan Bank of San Francisco (the "Bank") announced the appointment of Alanna McCargo as President and Chief Executive Officer of the Bank, effective June 10, 2024.

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Executive change SEC 8-K Item 5.02 confidence 1.0

Alanna McCargo was appointed as President and Chief Executive Officer at Federal Home Loan Bank of San Francisco.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On May 8, 2024, the Federal Home Loan Bank of San Francisco (the "Bank") announced the appointment of Alanna McCargo as President and Chief Executive Officer of the Bank, effective June 10, 2024.

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Source: SEC EDGAR

accession 0001316944-24-000093

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