SAN FRANCISCO, Jan. 28, 2016 (GLOBE NEWSWIRE) -- The Board of Directors of the Federal Home Loan Bank of San Francisco has elected member director Douglas H. (Tad) Lowrey as Chair and independent director Melinda Guzman as Vice Chair.
Photos accompanying this announcement are available at:
http://www.globenewswire.com/NewsRoom/AttachmentNg/424e4ddf-a737-448e-8bbf-f5fa86914b68
http://www.globenewswire.com/NewsRoom/AttachmentNg/64be2663-27c0-4153-b5e8-bb01fceecfe2
Tad Lowrey has served as chairman of Pacific Western Bank and director of PacWest Bancorp since the merger of PacWest Bancorp and CapitalSource in 2014. He served as CEO of CapitalSource Bank from its founding in 2008 until the merger and as chairman from 2012 to 2014. He also serves as a senior advisor for Alliance Partners, a bank advisory, lending, and asset management firm; on the board of directors of Real Estate Equity Exchange, Inc.; and as chair of the California Bankers Association. Mr. Lowrey previously served on the Federal Home Loan Bank of San Francisco’s Board of Directors from 1996 to 2003. He rejoined the Bank’s board of directors in 2006, and his current four-year term began in 2014. He served as Vice Chair of the board in 2003 and from 2013 to January 2016.
Melinda Guzman is Attorney and CEO of Melinda Guzman Professional Corporation. She was previously a partner at Freeman & Guzman, LLP, and before that, at Diepenbrock, Wulff, Plant & Hannegan, LLP. She currently serves as Chair of the California Insurance Diversity Task Force for California’s Department of Insurance. She has served as a Trustee of the California State University system, Commissioner for the California Post-Secondary Commission, Governor for the California Community Colleges, and director of Pac-West Telecomm, Inc. In addition, Ms. Guzman has served as General Counsel of the United States Hispanic Chamber of Commerce, as Chairman of the California Hispanic Chambers of Commerce, and as Chairman of the Sacramento Hispanic Chamber of Commerce. She has served on the Bank's Board of Directors since 2007, and her current four-year term began in 2013.
About the Federal Home Loan Bank of San Francisco
The Federal Home Loan Bank of San Francisco delivers low-cost funding and other services that help member financial institutions make home mortgages to people of all income levels and provide credit that supports neighborhoods and communities. The Bank also funds community programs that help members create affordable housing and promote community economic development. The Bank’s members are headquartered in Arizona, California, and Nevada and include commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions.