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Volume 10 - Number 28

January 27, 2012

FHLB Cincinnati CEO Retires, Board Names Replacement

The Federal Home Loan Bank of Cincinnati last week announced a changing of the guard among top management as the Bank’s president and CEO will step down this summer to retire.

David Hehman will step down effective June 1 after 35 years at the Bank, including nine years as its president and CEO. Hehman, 63, is credited with leading the FHLBank of Cincinnati through the 2008 financial crisis when banks of all sizes were forced to turn to the Cincinnati FHLBank for liquidity.

The FHLBank’s board appointed Andrew Howell to replace Hehman. Howell joined the FHLBank of Cincinnati in 1989 and is currently its executive vice president and chief operating officer.

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