not featured
11/12/2024
News Release
published
We are proud of Mark’s being elected to this prestigious position,” Greg Dodds, TexasBank President and CEO, said. “Mark was elected to the FHLB Board by his peers by a large margin, which is indicative of the respect that he has earned from his peers over his long and successful tenure with both TexasBank and the Texas banking industry.
Mark Riebe, Chairman of TexasBank in Fort Worth, Texas was elected to the Federal Home Loan Bank of Dallas (FHLB Dallas) as a member director representing Texas, which was announced Tuesday, November 12 in an FHLB Dallas Director Election Announcement. The total number of votes eligible to be cast in this election was 6,616,799 with a total of 272 ballots received. Riebe received the most votes of any candidate.
“We are proud of Mark’s being elected to this prestigious position,” Greg Dodds, TexasBank President and CEO, said. “Mark was elected to the FHLB Board by his peers by a large margin, which is indicative of the respect that he has earned from his peers over his long and successful tenure with both TexasBank and the Texas banking industry. He will serve as a great representative of all FHLB Dallas member institutions.”
Both Riebe and Jeff Austin III, Chairman of Austin Bank Texas, were elected to fill two open member director positions. They will fill the seats of outgoing directors Tim H. Carter (Director of Southside Bank in Fort Worth, Texas) and W. Wesley Hoskins (Chairman, President and CEO of First Community Bank in Corpus Christi, Texas), who will each reach their term limit on the Board as of December 31, 2024. A Louisiana member director seat and an independent direct seat were also filled in this election.
“I am honored for the opportunity to represent all member institutions of the FHLB,” Riebe said. “I look forward to serving on the FHLB Dallas Board and contributing to the strength provided by the FHLB to member institutions.”
FHLB Dallas, with total assets of $124.9 billion as of September 30, 2024, serves approximately 800 members and associated institutions across our five-state District of Arkansas, Louisiana, Mississippi, New Mexico and Texas. FHLB Dallas provides financial products and services including advances (loans to members) and grant programs for affordable housing and economic development. FHLB Dallas is a part of the Federal Home Loan Bank System, created by an Act of Congress and signed into law by President Herbert Hoover on July 22, 1932, to provide capital for mortgage funding during the Great Depression.
TexasBank is a multi-generational, full-service community bank with 15 locations serving the DFW Metroplex, Central Texas, and West Texas. The bank is a member of the FDIC and an Equal Housing Lender.