FHLBank San Francisco CEO Alanna McCargo steps down; CFO Joseph Amato named interim CEO

Federal Home Loan Bank of San Francisco

McCargo resigns effective Jan 30, 2025, becomes Special Policy Advisor through Dec 31, 2025.
Separation includes $1.48M cash payment plus advisory fees ($80K upfront, $15K monthly, $250K completion).
Joseph Amato (EVP & CFO) appointed interim President and CEO; will continue as CFO.
Board initiates search for permanent CEO; McCargo had been CEO since June 2024.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Alanna McCargo

President and Chief Executive Officer

Federal Home Loan Bank of San Francisco

Effective: 2025-01-30
Successor: Joseph Amato
Filed: January 30, 2025, 6:59 PM ET

On January 30, 2025, the Federal Home Loan Bank of San Francisco (the “Bank”) and Alanna McCargo, the Bank’s President and Chief Executive Officer, mutually agreed to terms pursuant to which Ms. McCargo will depart the Bank as an employee, effective January 30, 2025

Appointed (interim)

Joseph Amato

Interim President and Chief Executive Officer

Federal Home Loan Bank of San Francisco

Effective: 2025-01-30
Filed: January 30, 2025, 6:59 PM ET

the Bank appointed Joseph Amato, the Bank’s current Executive Vice President and Chief Financial Officer, to additionally serve as the Bank’s Interim President and Chief Executive Officer, effective on the Transition Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

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

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

On January 30, 2025, the Federal Home Loan Bank of San Francisco (the “Bank”) and Alanna McCargo, the Bank’s President and Chief Executive Officer, mutually agreed to terms pursuant to which Ms. McCargo will depart the Bank as an employee, effective January 30, 2025

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph Amato was appointed as Interim President and Chief Executive Officer at Federal Home Loan Bank of San Francisco.

Action: appointed
Role: Interim President and Chief Executive Officer

Exact text from the filing

the Bank appointed Joseph Amato, the Bank’s current Executive Vice President and Chief Financial Officer, to additionally serve as the Bank’s Interim President and Chief Executive Officer, effective on the Transition Date.

View on SEC.gov

Source: SEC EDGAR

accession 0001316944-25-000023

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