Federal House Mortgage Financial institution of San Francisco Pronounces 2021

SAN FRANCISCO, December 2, 2021 (GLOBE NEWSWIRE) – The Federal Home Loan Bank of San Francisco today announced the results of its 2021 director election.

FHLBank San Francisco members elected David Adame and Banafsheh Akhlaghi to non-member independent directorships.

David Adame is President and CEO of Chicanos Por La Causa (CPLC), one of the largest community development companies in the country. Mr. Adame served as COO and CFO before assuming the position of President and CEO. Under his leadership, CPLC has seen significant growth and expansion in Arizona, Nevada, New Mexico, California, Texas, and Mexico. Mr. Adame has been a member of the Bank’s Affordable Housing Advisory Council since 2016.

Banafsheh Akhlaghi has over 20 years of experience as the founder of a civil rights not-for-profit organization, advisor to the United Nations, regional director at Amnesty International and founder of an international private law firm. Her expertise includes environment, social issues, governance (ESG), risk management, legal and business strategy, diversity and inclusion, and public order. She is currently co-chair and, since 2010, a member of the State Bar of California’s Legal Services Trust Fund Commission, which focuses on advocacy for underserved and underrepresented populations and homelessness prevention.

The Bank’s California members also re-elected Marangal (Marito) I. Domingo and Joan C. Opp as California directors. Mr. Domingo is the chief financial officer and chief credit officer of First Technology Credit Union, San Jose, California. Ms. Opp is President and Chief Executive Officer of Stanford Federal Credit Union, Palo Alto, California.

Each of these four positions has a four-year term from January 1, 2022 to December 31, 2025.

Federal Home Loan Bank of San Francisco

The Federal Home Loan Bank of San Francisco is a member-operated cooperative that helps local lenders in Arizona, California, and Nevada build strong communities, create opportunities, and change lives for the better. The tools and resources we make available to our member financial institutions – commercial banks, credit unions, industrial credit companies, savings institutions, insurance companies, and community development financial institutions – promote home ownership, expand access to quality housing, start or support small businesses, and revitalize entire neighborhoods. Together with our members and other partners, we make the communities we serve more vibrant and resilient.

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