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Company Overview of Federal Home Loan Bank of Seattle
Federal Home Loan Bank of Seattle, a member-owned cooperative, provides liquidity, funding, and services to members and housing associates in the United States. It offers variable interest-rate, fixed interest-rate, and structured advances; letters of credit; demand and term deposit products; mortgage loans; and securities safekeeping and other miscellaneous services. The company, through its members and other entities consisting of nonprofit organizations, also provides housing and community economic development funds through direct subsidy grants and low- or no-interest loans for individuals and communities. It serves regulated depositories, insurance companies, and community development f...
1001 Fourth Avenue
Seattle, WA 98154
Founded in 1964
Key Executives for Federal Home Loan Bank of Seattle
Chief Executive Officer and President
Chief Financial Officer and Senior Vice President
Chief Accounting & Administrative Officer and Senior Vice President
Senior Vice President, Chief Counsel and Corporate Secretary
Chief Risk Officer and Senior Vice President
Compensation as of Fiscal Year 2015.
Federal Home Loan Bank of Seattle Key Developments
Federal Home Loan Bank of Seattle Declares Dividend, Payable on April 30, 2015
Apr 29 15
Federal Home Loan Bank of Seattle announced that Board of Directors declared a $0.025 per share cash dividend, to be paid on April 30, 2015.
Federal Home Loan Bank of Seattle Reports Unaudited Preliminary Earnings Results for the First Quarter Ended March 31, 2015
Apr 29 15
Federal Home Loan Bank of Seattle reported unaudited preliminary earnings results for the first quarter ended March 31, 2015. For the year, the company reported net interest income $37.8 million compared to $31.71 million a year ago. Net income was $10.45 million against $10.7 million a year ago.
The Federal Home Loan Bank of Seattle to Cut 100 Jobs as Headquarters Moves After Merger
Apr 2 15
The Federal Home Loan Bank of Seattle is going to lay off 109 employees, or more than two-thirds of its workforce, a FHLB Seattle spokesperson confirmed on April 2, 2015 The news comes after years of financial struggles and declining income, and just weeks before the wholesale lender plans to merge with a much larger bank on May 31, 2015. After next month's merger, the combined organization's headquarters will move to Des Moines and the Seattle location will become a regional office. The layoffs are intended to eliminate duplication, a spokesperson said. Some employees will relocate to Des Moines and about 40 will stay on to staff the Seattle location. Layoffs for the remaining 109 workers will start around June and be complete by January 2016.
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