Manhattan Bridge Capital Supports FHLB Board's Focus on Affordable Housing Initiatives

FHLB Board Elections Signal Commitment to Affordable Housing Initiatives

In a significant development for community financial services, the Federal Home Loan Bank of Cincinnati (FHLB) announces its newly elected board members, emphasizing a continued focus on affordable housing and economic development. The elections, which took place on November 21, 2025, resulted in the selection of J. Wade Berry, Timothy E. Barnes, and Danny J. Herron as new directors. Each will serve a four-year term beginning January 1, 2026, which indicates a strategic shift towards enhancing the bank's leadership in supporting member institutions and their communities.

J. Wade Berry, the President and CEO of Farmers Bank & Trust Company, brings a wealth of experience as a seasoned Member Director. He has been actively involved in the FHLB's Risk Committee, underscoring his commitment to managing the financial health of the institution while enhancing its role in community investment programs. Timothy E. Barnes, the newly elected President and CEO of Hometown Bank, joins the board with fresh perspectives that may invigorate the FHLB's operations and outreach. Danny J. Herron, who leads Habitat for Humanity of Greater Nashville, adds a non-profit viewpoint to the board, which is crucial for aligning FHLB's objectives with grassroots housing initiatives.

The leadership transition also sees Michael P. Pell stepping in as board chair for a one-year term, supported by Lewis Diaz as vice chair. Pell's history with the board since 2019 positions him well to guide the FHLB through the complexities of funding mechanisms that support affordable housing. Meanwhile, Diaz's legal expertise and focus on human resources and inclusion may enhance the FHLB's internal governance and outreach efforts. This new board composition reflects a broader commitment to fostering sustainable economic growth and affordable housing solutions across the regions served by the FHLB.

In addition to the election results, the FHLB maintains a strong position in the financial landscape, being rated AA+ and owned by 601 member financial institutions across Kentucky, Ohio, and Tennessee. The bank offers critical products and services that include low-cost funding options and community investment programs. These tools are instrumental in helping member institutions finance affordable housing projects, thereby directly impacting the economic development of their communities.

Overall, the recent board elections at the FHLB signal a proactive approach to enhancing affordable housing and economic development initiatives, aligning the bank’s leadership with its mission to support community financial well-being.