leadership
confidence high
sentiment neutral
materiality 0.25
Federal Home Loan Bank of Dallas elects three member directors and one independent director effective Jan 1, 2025
Federal Home Loan Bank of Dallas
- J. Mark Riebe (TexasBank Chairman) and Jeff Austin III (Austin Bank Texas Chairman) elected as member directors for Texas.
- Stephen Panepinto (Plaquemine Bank and Trust CEO) re-elected as Louisiana member director; sole nominee, deemed elected.
- Rufus Cormier, Jr. (retired Baker Botts partner) re-elected as independent director after receiving 4,300,602 votes.
- Vote results: Riebe received 3,101,797 votes; Austin 2,058,801; Cormier exceeded 20% threshold for independent seat.
- Terms begin Jan 1, 2025; committee assignments for new directors not yet determined.