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CBAI Endorsed Candidates David Pirsein and Michael Steelman Win Election to the FHLB Chicago Board

The Federal Home Loan Bank of Chicago (FHLB) announced the winners for the 2018 Director Election, and CBAI members and endorsed candidates David Pirsein and Michael Steelman were both victorious.

Pirsein and Steelman have provided a strong voice for the community banking profession in their terms as FLHBC Directors. Under their leadership, the FLHBC has flourished and continues to be a strong resource for community banks. Their re-election guarantees that we will continue to have strong champions advocating for our collective interests on the board.

Pirsein is President and CEO of First National Bank in Pinckneyville. Steelman is Chairman and CEO of Farmers & Merchants State Bank of Bushnell. Both were re-elected for additional four-year terms beginning January 1, 2019 and expiring December 31, 2022.

THANK YOU for taking the time to vote for Dave and Mike. This was a closely contested election, but because of your votes, community banks across Illinois will continue to be well represented at the Federal Home Loan Bank of Chicago.