Press Release

San Francisco—The board of directors of the Federal Home Loan Bank of San Francisco has elected Robert N. Barone as Chairman and Timothy R. Chrisman as Vice Chairman. In addition, the Federal Housing Finance Board (Finance Board) has reappointed Scott C. Syphax and has appointed Monte L. Miller to the Bank’s board of directors. Mr. Syphax will serve a three-year term as a community interest director and Mr. Miller will serve a three-year term as a public interest director. The Finance Board has also designated John T. Wasley, who is currently serving a three-year term on the board of directors, as a community interest director.

Mr. Barone is a director of Nevada Security Bank in Reno, Nevada. He served as a director of First Security Bank of Nevada prior to its merger with Wells Fargo. He was also Chairman and CEO of Comstock Bank/Bancorp from 1984 to 1999 and is currently Chairman of Adagio Trust Company, a multi-client family office trust company in Reno, Nevada. Mr. Barone is a director of the California State Automobile Association; sits on the board of managers of InTo Homes, LLC, a northern Nevada mortgage company; is a director of Allied Mineral Products in Columbus, Ohio; and is a member of the Reno South Rotary Club.

Mr. Chrisman is Chairman of the Board of Hawthorne Savings, FSB, and Hawthorne Financial Corporation in El Segundo, California. As the founder and Chief Executive Officer of Chrisman & Company, Inc., a retained executive search firm, Mr. Chrisman has provided board of director and executive management placement and human capital consulting to organizations and corporations for the past 23 years. He is on the board of directors of Operation HOPE, Inc., a nonprofit investment-banking firm for inner-city urban development, and of WATTSHealth Charities, the fund-raising arm of the WATTSHealth Foundation, Inc. Mr. Chrisman is also a mayor appointed executive committee member of the board of directors of the Workforce Investment Board of Los Angeles.

Since becoming President and CEO of Nehemiah Corporation of America in 2000, Mr. Syphax has managed the growth of the company’s flagship program, The Nehemiah Program®. Today, The Nehemiah Program is the largest privately funded, nonprofit provider of homebuyer downpayment assistance. The program has provided downpayment assistance to more than 167,000 individuals and families nationwide. He previously served as Manager of Public Affairs for Eli Lilly & Company. Mr. Syphax serves as the Chairman of the Financial Solvency Board of California.

Mr. Miller is CEO of KeyState Corporate Management, which provides corporate management services to more than 450 Nevada Investment Holding Companies with approximately $50 billion in intangible assets. He also oversees and manages $2 billion in fixed-income investment portfolios for financial institutions from the Midwest that have formed Nevada Investment Holding Companies. Mr. Miller has been involved in trust banking and capital markets for 30 years, and serves as a board member of the Community College of Southern Nevada Foundation, as well as the Nevada Community Foundation.

Mr. Wasley is a partner in the Los Angeles offices of Heidrick & Struggles, a retained executive search firm with more than 1,400 executive search professionals and employees operating from more than 50 locations around the world. Before beginning his recruiting career in 1997, he served as Senior Vice President of the People’s Bank of California, where he was responsible for managing commercial lending, special assets, loan servicing, and corporate real estate. He is Chairman of the Los Angeles Business Council and of Chrysalis, a nonprofit organization that works to help people achieve self-sufficiency through employment.

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 investment programs that help members create affordable housing and promote community economic development. The Bank serves and is owned by 353 commercial bank, savings institution, credit union, thrift and loan, and insurance company members headquartered in Arizona, California, and Nevada.

Contact:
Tracy Fine, (415) 616-2707
finet@fhlbsf.com

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