PRESS RELEASES
CONTACT: FOR IMMEDIATE RELEASE
John Byczkowski, FHLBank Cincinnati December 22, 2009
513-852-7085 (office) or 513-382-7615 (cell)
FEDERAL HOMEF LOAN BANK OF CINCINNATI
ANNOUNCES RESULTS OF DIRECTOR ELECTIONS
Two re-elected from Kentucky, one from Ohio
Cincinnati, OH (December 22, 2009) – The Federal Home Loan Bank of Cincinnati’s Board of Directors announced the results of the FHLBank’s 2009 director elections. Re-elected were two directors from Kentucky and one from Ohio. Each director will serve a four-year term beginning January 1, 2010.
Elected from Kentucky were B. Proctor Caudill Jr. and Billie W. Wade. Mr. Caudill is Director of Kentucky Bank in Paris, Kentucky, and is currently Vice Chairman of the FHLBank’s Board. He is former Chairman, President and CEO of Peoples Bank, Morehead and Sandy Hook, Kentucky. He is a past President of the Kentucky Bankers Association and has also served as Chairman of the Morehead State University Foundation board of trustees. Mr. Caudill has served on the local hospital and several other community boards of directors. This will be his third term,having been elected previously in 2003 and 2006.
Mr. Wade is CEO of Citizens Union Bank in Shelbyville, Kentucky, and is currently chair of the FHLBank’s Audit Committee. He is also Board Chairman of First Farmers Bank, Owenton, Kentucky, and Board Member of Dupont State Bank, Dupont, Indiana. He is a licensed CPA and a Board Member of the Shelby County Industrial Foundation, Chairman Elect of the Housing PartnershipInc.,inLouisville, and Board Member of the Regional Leadership Coalition in the Louisville area. He is also a member of the Board of Directors of Middlefork Financial Group in Hyden, Kentucky. This will be his second term, having been elected in 2006.
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FHLBank Cincinnati director elections
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Elected from Ohio was William J. Small, Chairman of First Federal Bank of the Midwest in Defiance, Ohio, and also Chairman, President and CEO of the holding company, First Defiance Financial Corp. Mr. Small was elected to his first term on the FHLBank’s Board of Directors in 2006. He is on the board of the American Bankers Association and is past Chairman of The Ohio
League of Financial Institutions and also served on the board of the Ohio Bankers League. He is past president and board member of the Defiance Area Chamber of Commerce, the Defiance City Schools Foundation, the Defiance Area Foundation, and the Defiance Area YMCA. He is a trustee of The Defiance College.
The FHLBank is a $77 billion congressionally-chartered wholesale regional bank providing financial services for residential housing and economic development to 738 member financial institutions located in Kentucky, Ohio and Tennessee. It has contributed $301 million for the creation of 42,000 units of lower-income housing through its Affordable Housing Program since 1990, and $11.4 million to help 1,236 persons become first-time homebuyers through the American Dream Homeownership Challenge. The FHLBank System includes 12 district Banks, is wholly owned by its 8,100 member institution stockholders and does not use taxpayer dollars.
# # #
This news release may contain forward-looking statements that are subject to risks and uncertainties including, but not limited to, the effects of economic market conditions on demand for the FHLBank’s products, legislative or regulatory developments concerning the FHLBank System, competitive forces and other risks detailed from time to time in the FHLBank’s filings with the Securities and Exchange Commission. The forward-looking statements speak as of the date made and are not guarantees of future performance. Actual results or developments may differ materially from the expectations expressed or implied in the forward-looking statements, and the FHLBank undertakes no obligation to update any such statements.
www.fhlbcin.com
The FDIC Issues Tips to Help Consumers Manage Their Money in Good Times and Bad. Timely Strategies in a Difficult Economy
FOR IMMEDIATE RELEASE
March 11, 2009 | |
The Federal Deposit Insurance Corporation today issued tips to help consumers spend less, save more, protect against fraud and borrow wisely at any time, but especially during a difficult economy. The advice was published as a special edition of the FDIC Consumer News (the Winter 2008/2009 issue) entitled "Managing Your Money in Good Times and Bad."
The new publication can be read or printed at
www.fdic.gov/consumers/consumer/news/cnwin0809. To order up to two free paper copies, consumers can use the online form on that same Web page or call the Federal Citizen Information Center toll-free at 1-888-8-PUEBLO (1-888-878-3256) weekdays from 8:00 a.m. to 8:00 p.m. Eastern Time and ask for Department 92.
Among the topics covered:
- Simple ways to cut back on spending;
- Tips on how to continue adding money to savings accounts;
- Ways to be sure that deposits are fully protected within the FDIC's insurance limits;
- Proactive measures for consumers to consider taking if they're having problems managing a loan, credit card or other expenses;
- The new assistance program for many distressed mortgage borrowers announced by the Obama Administration;
- Tips for avoiding frauds and rip-offs that target distressed homeowners, consumers who are late paying their bills, people who have lost their jobs, and others facing financial troubles in a slow economy; and
- Ways to get a good loan and save money on existing loans and credit cards, including how to improve a credit score.
The goal of FDIC Consumer News is to deliver timely, reliable and innovative tips and information about financial matters, free of charge. Current and past issues of FDIC Consumer News, including previously published special editions, are online at
www.fdic.gov/consumernews.
There are two ways to subscribe to the quarterly FDIC Consumer News. To receive an e-mail about each new issue with links to stories, go to
www.fdic.gov/about/subscriptions/index.html. To receive the newsletter in the mail, free of charge, call the FDIC toll-free at 1-877-275-3342, send an e-mail to
publicinfo@fdic.gov or write to the FDIC Public Information Center, 3501 North Fairfax Drive, Room E-1002, Arlington, VA 22226.
The FDIC encourages financial institutions, government agencies, consumer organizations, educators, the media and anyone else to help make the tips and information in FDIC Consumer News widely available. The publication may be reprinted in whole or in part without advance permission. Organizations also may link to or mention the FDIC Web site.
# # #
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 8,305 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars – insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at
www.fdic.gov, by subscription electronically (go to
www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-38-2009
Emergency Economic Stabilization Act of 2008 Temporarily Increases Basic FDIC Insurance Coverage from $100,000 to $250,000 Per Depositor
FOR IMMEDIATE RELEASE
October 7, 2008 | Media Contact:
Andrew Gray (202) 898-7192 |
On October 3, 2008, President George W. Bush signed the Emergency Economic Stabilization Act of 2008, which temporarily raises the basic limit on federal deposit insurance coverage from $100,000 to $250,000 per depositor. The temporary increase in deposit insurance coverage became effective upon the President's signature. The legislation provides that the basic deposit insurance limit will return to $100,000 after December 31, 2009.
"This temporary increase in deposit insurance coverage should go far to help consumers maintain confidence in the banking system and the marketplace," said FDIC Chairman Sheila C. Bair. "And clearly the public's confidence is key to a healthy and stable economy."
By letter dated October 3, 2008 (Financial Institution Letter 102-2008), the FDIC advised insured institutions they should inform depositors that the coverage increase is temporary and effective only until December 31, 2009. The legislation did not increase coverage for retirement accounts; it continues to be $250,000.
The FDIC has authorized insured institutions to use this statement to augment bank signage and customer information materials as of October 3, 2008:
On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2009.
# # #
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 8,451 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars – insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at
www.fdic.gov, by subscription electronically (go to
www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-93-2008
The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish to receive this service, please
unsubscribe.
Update your subscriptions, modify your password or e-mail address, or stop subscriptions at any time on your
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Hosparus and Citizens Union Bank host Shelbyville “Pennies From Heaven” fundraiser - August 4, 2008
Push, pull or drag in your pennies or other loose change to one of the Hosparus “Pennies from Heaven” Round Up Receptions in Shelbyville, Ky.:
Friday, September 12
9 a.m. – 3 p.m.
Hosparus
540 Main St.
or
Sunday, September 14
1 – 4 p.m.
Customer Appreciation Day
Citizens Union Bank Corporate Office
1854 Midland Trail
If you don’t want to carry “all those pennies,” Hosparus will accept your check. For information, contact Annie Russell at 502-719-8946 or arussell@hospices.org.
Billie Wade, president and Chief Executive Officer at Citizens Union Bank, says that the “Pennies” fundraiser blends well with the bank’s campaign to make a difference in people’s lives. He adds, “I know a number of people who have been impacted by Hosparus. Along with helping patients, they do so much for the families as well.”
Phil Marshall, President and Chief Executive Officer at Hosparus says, “We’re excited about this opportunity to partner with Citizens Union Bank to raise funds for our patients and families and to increase awareness of our services in Shelby and surrounding counties.”
Proceeds from these events will benefit Hosparus patients and their families.
For 30 years, Hosparus, a fully accredited non-profit organization, has provided care, comfort and counseling for people facing life-limiting illnesses in 23 Kentucky and Southern Indiana counties. Delivering care through Hospice of Louisville, Southern Indiana and Central Kentucky, Hosparus cares for more than 4,500 patients and their families each year. To learn more about Hosparus services, visit
www.hosparus.org.
Fill these jars! Hosparus and Citizens Union Bank invite the community to fill these and many other jars with coins. Look for jars at Citizens Union banks and at businesses throughout the community. (Left): Billie Wade, the Cubby Bear and Phil Marshall.
Indian Trail CUB Branch Co-Branding As A Nuestro Banco Branch - August 1, 2008
Citizens Union Bank, Shelbyville, Kentucky, announced today that they are co-branding their Indian Trail CUB branch location as both a Citizens Union Bank branch and a Nuestro Banco branch, which is a division of Citizens Union Bank.
Nuestro Banco is staffed entirely with Spanish speaking bilingual employees; half of the Indian Trail employees are bilingual, and the remaining half is currently learning Spanish as their second language.
CUB’s Nuestro Banco branch has been such a huge success, and the Bank decided to expand the logo to another of their locations. This will be the second branch of CUB to use the Nuestro Banco logo.
In making the announcement, Citizens Union Bank CEO, Billie W. Wade, stated “We are excited about the opportunities that this renaming of the branch will give us.”
The Indian Trail location will also have new hours beginning August 4th, to better serve their customers. The new hours are:
Lobby
Monday – Thursday 9 am – 5 pm
Friday 9 am – 6 pm
Drive-Thru
Monday – Thursday 9 am – 5 pm
Friday 9 am – 7 pm
Saturday 9 am – 12 noon
First Farmers Bank and Citizens Bank of New Liberty to Merge- March 26, 2008
Citizens Union Bancorp, Shelbyville, Kentucky, and Golden Triangle Bancshares, New Liberty, Kentucky, have agreed to merge their wholly owned subsidiary banks, First Farmers Bank and Trust Company, Owenton, and Citizens Bank of New Liberty. First Farmers has three locations in Owenton and Gallatin Counties, with total assets of 82,000,000. Citizens has one location with assets of $17,000,000.
In making the announcement, First Farmers Bank President and CEO, Darryl Traylor, stated, "We are excited about the opportunity to merge with a very well managed bank, in Citizens. We have very similar banking philosophies and look forward to providing quality service to the New Liberty community."
David Lyons, President and CEO of Citizens Bank, commenting on the transaction; " The merger of these two community banks will allow our customers to reap the benefits of new and expanded services, while still receiving the excellent customer service that Citizens is known for. Even though our name will change our customers will still enjoy the same familiar employees that they have known and trusted over the years."
The transaction, which is subject to regulatory approval, is expected to be completed in the third quarter of 2008.
Announcement of New Executive of Oldham County Market- March- 2008
Billie W. Wade, CEO of Citizens Union Bank, Shelbyville, KY, is pleased to announce that Jim Zimmerman has joined Citizens Union Bank as the Bank's Oldham County Market Executive. Jim will be working out of CUB's main office until the bank's new branch located on Hwy 53, next to Kroger in LaGrange, KY, opens in late 2008.
Mr. Zimmerman is a graduate of Morehead State University where he earned his BS degree with majors in Economics, Sociology, and Art. After serving in th Armed Forces he started his professional career with Louisville Trust Bank, and then worked for 20 years marketing equipment to financial institutions throughout Kentucky. He served as a State Representative for Oldham and Trimble counties for 10 years; and while in capasity served on a number of committees including Economic Development & Tourism, Natural Resources, Labor and Industry, Education, Military Affairs and Banking and Insurance.
In January 2005 Zimmerman accepted a position with the Department of Labor as Director of the Division of Employment Standards, Apprenticeship & Training, and December 2006 was promoted to the position of Executive Director of the Office of Workplace Standards, where he served as the primary legislative liaison for the Department of Labor. Jeff resides in Frankfort, KY with his wife Bette, and also maintains a home in LaGrange, KY.
Billie Wade Elected to Serve on Federal Home Loan Bank Board of Directors
The Federal Home Loan Bank of Cincinnati announced on October 19th that Billie W. Wade, President and CEO of Citizens Union Bank in Shelbyville, KY., has been elected to serve as Director on their board. The FHLBank Board 16 members, 10 of whom are elected by member institutions, and six "public interest" Directors who are appointed by the Federal Housing Finance Board. FHLB members voted for one Director from Ohio and two from Kentucky. Each Director will serve a three-year term beginning in 2007. The FHLBank is a $78.2 billion congressionally-chartered wholesale regional bank providing financial services for residential housing and economic development to 738 member financial institutions located in Kentucky, Ohio, and Tennessee. It has contributed $223.5 million for the creation of 37,717 units of lower-income housing through its Affordable Housing Program since 1990, and $4.5 million to help 879 persons become first-time homebuyers through the American Dream Homeownership Challenge. The FHLBank System includes 12 district Banks, is wholly owned by its 8,100 member institution stockholder and does not use taxpayer dollars.
Announcement of a New Branch Location
Citizens Union Bank (CUB), Shelbyville, KY, is pleased to announce the opening of their fourth Louisville location. The Branch is located at 11601 Bluegrass Parkway, next to the Ashley Furniture Store.
Citizens Union Bank Winner of the Annual Pegasus Award
Billie W. Wade, President and CEO of Citizens Union Bank (CUB) is proud to announce that CUB has been named the winner of the annual Pegasus Award for Group 5 of the Kentucky Bankers Association (KBA). The awards are presented in conjunction with KBA’s Education Alliance Program. The awards recognize financial institutions for their outstanding contributions to their communities, which provide financial education through an alliance between the institution and the community.
CUB won in their group for their CUB in the Classroom Program, which is a partnership with the Kentucky Council of Economic Education, which currently provides financial education program for teachers and students in Shelby and Spencer Counties. Through the program CUB provides classroom visits by CUB employees to teach students about making good money decisions; personal finance lessons, literature, and sponsorships of personal finance workshops for teachers, as well as partial scholarships for teachers. The bank plans to extend the program into other counties they are located in over the next year.
Kentucky Banker's Association Teach Children to Save Award
Billie W. Wade, President and CEO of Citizens Union Bank (CUB) is proud to announce that CUB has been named the winner of the annual Pegasus Award for Group 5 of the Kentucky Bankers Association (KBA). The awards are presented in conjunction with KBA’s Education Alliance Program. The awards recognize financial institutions for their outstanding contributions to their communities, which provide financial education through an alliance between the institution and the community.
CUB won in their group for their CUB in the Classroom Program, which is a partnership with the Kentucky Council of Economic Education, which currently provides financial education program for teachers and students in Shelby and Spencer Counties. Through the program CUB provides classroom visits by CUB employees to teach students about making good money decisions; personal finance lessons, literature, and sponsorships of personal finance workshops for teachers, as well as partial scholarships for teachers. The bank plans to extend the program into other counties they are located in over the next year.
Equal Housing
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