leadership
confidence high
sentiment neutral
materiality 0.25
FHLBNY deems Labozzetta and Robbins elected as NJ Member Directors
Federal Home Loan Bank of New York
- Anthony Labozzetta, CEO of Provident Bank (PFS), and Ira Robbins, CEO of Valley National Bank (VLY), deemed elected to FHLBNY Board as New Jersey Member Directors.
- Terms start Jan 1, 2027; Robbins (incumbent) serves 4-year term to Dec 31, 2030; Labozzetta serves 1-year term to Dec 31, 2027.
- Election was uncontested (two nominees for two seats) under FHFA regulations; no ballot held for NJ seats.
- Ballots for two open Districtwide Independent Director seats (4-year terms) to be distributed to eligible members in October 2026.
- Robbins currently chairs Risk Committee; 2027 committee assignments not yet determined.