ALBUQUERQUE, N.M., Jan. 13, 2010 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Dallas (Bank) is pleased to announce that John P. Salazar has commenced his service on the Bank's Board of Directors as of January 1, 2010.
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Mr. Salazar was elected by the Bank's at-large membership to fill a two-year term that will expire December 31, 2011. Mr. Salazar is an attorney with the law firm Rodey, Dickason, Sloan, Akin & Robb, P.A., in Albuquerque, New Mexico. He specializes in real estate, land use, and development law, and has represented single-family residential and multifamily housing developers and builders.
"I believe the Federal Home Loan Bank of Dallas performs a vital function in providing liquidity to our nation's community banks. This is especially important now, as we strive to strengthen the American economy and create jobs," Mr. Salazar said. "The fact that the Bank is involved in affordable housing and community economic development initiatives demonstrates that the Bank is committed to make certain that other deserving segments of our society are also given the opportunity to participate in improving their economic condition. I am very pleased to have the opportunity to participate in the discussions on how best to advance these and other worthwhile goals of the Bank."
Mr. Salazar is chairman of the board of the Inter-American Foundation, an independent government agency that provides grants to nongovernmental and community-based organizations in Latin America and the Caribbean. He has just completed his term as a member of the board of trustees of the Albuquerque Community Foundation, a publicly supported philanthropic organization. Mr. Salazar has also served as chairman of the board of the Albuquerque Hispano Chamber of Commerce and of the Greater Albuquerque Chamber of Commerce, and is a member of the American College of Real Estate Lawyers, American Bar Association, New Mexico Bar Association, and the New Mexico Hispanic Bar Association. He has been included in the 1989 - 2009 editions of "The Best Lawyers in America" in the area of real estate law.
Mr. Salazar completed his undergraduate studies at the University of New Mexico, and received his law degree at Stanford Law School. He resides in Los Ranchos, New Mexico, with his wife, Terri.
The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHLBank System created by Congress in 1932. The Dallas Bank, with total assets of $67.3 billion as of September 30, 2009, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to more than 900 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit the Bank's web site at fhlb.com.
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