NEW YORK, Nov. 19, 2025 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of New York (“FHLBNY”) announced today the results of the 2025 election for three positions on the FHLBNY’s Board of Directors (“Board”) whose terms will each commence on January 1, 2026. The terms of all the positions will run for four years, expiring on December 31, 2029.

The specific results of the election were as follows:

• Mr. José R. Fernández was re-elected by the FHLBNY’s eligible Puerto Rico and U.S. Virgin Islands members to serve as a Member Director representing Puerto Rico and the U.S. Virgin Islands. Mr. Fernández is the chairman, president and CEO of Oriental Bank. He currently serves on the Board’s Compensation & Human Resources, Risk and Technology committees. His current Board term expires on December 31, 2025.
  
  
• Mr. David Hanrahan was elected by the FHLBNY’s eligible New Jersey members to serve as a Member Director representing New Jersey. Mr. Hanrahan is the president and CEO of Century Savings Bank.
  
  
• Ms. Josie J. Thomas was re-elected by the FHLBNY’s eligible districtwide members to serve as an Independent Director. Ms. Thomas is a retired executive, previously with ViacomCBS. She currently serves as Vice Chair of the Board’s Compensation & Human Resources Committee, and serves on the Corporate Governance and External Affairs and Strategy and Business committees. Her current Board term expires on December 31, 2025.
  

“As stewards of the Federal Home Loan Bank of New York’s foundational liquidity mission, each Director is tasked with ensuring that the FHLBNY remains focused on meeting the needs of our members and the communities we serve,” said Randolph C. Snook, president and CEO of the FHLBNY. “Directors Fernández and Thomas have provided significant contributions to our cooperative, and I know we will benefit from their continued service. I am also excited to welcome David Hanrahan, who has long been a strong proponent of the FHLBNY and our mission. My colleagues and I look forward to continuing to work with all of our Directors to grow and strengthen our franchise.”

Federal Home Loan Bank of New York
The Federal Home Loan Bank of New York is a Congressionally chartered, wholesale Bank. It is part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional, stockholder-owned banks. As of September 30, 2025, the FHLBNY serves 334 financial institutions and housing associates in New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands. The mission of the FHLBNY is to provide members with reliable liquidity in support of housing and local community development.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This report may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. These statements may use forward-looking terms, such as "projected," "expects," "may," or their negatives or other variations on these terms. The Bank cautions that, by their nature, forward-looking statements involve risk or uncertainty and that actual results could differ materially from those expressed or implied in these forward-looking statements or could affect the extent to which a particular objective, projection, estimate, or prediction is realized. These forward-looking statements involve risks and uncertainties including, but not limited to, the Risk Factors set forth in our Annual Reports on Form 10-K and our Quarterly Reports on Form 10-Q filed with the SEC, as well as regulatory and accounting rule adjustments or requirements, changes in interest rates, changes in projected business volumes, changes in prepayment speeds on mortgage assets, the cost of our funding, changes in our membership profile, the withdrawal of one or more large members, competitive pressures, shifts in demand for our products, and general economic conditions. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to revise or update publicly any forward-looking statements for any reason.

CONTACT: Brian Finnegan
(212) 441-6877
brian.finnegan@fhlbny.com