First Bank & Trust’s Managing Director and Chief Lending Officer Owen E. Beacom has been re-elected to serve on the Board of Directors for the Federal Home Loan Bank of Chicago. This $69.8 billion wholesale bank is one of 11 district banks chartered in 1932 by the U.S. Congress to improve the availability of funds to support home ownership. First Bank & Trust is both a customer and a member of the FHLB of Chicago. Mr. Beacom’s second four-year term as a board member begins Jan. 1.
Mr. Beacom said, “I am honored to continue representing Illinois member institutions in my service on the board. Federal Home Loan Bank of Chicago President and CEO Matt Feldman and the management team are a very talented and hard working group. I am lucky to be a part of the organization.”
“As a community bank, it is part of our mission to promote affordable housing and community development in Chicagoland,” said First Bank & Trust Managing Director and CEO Robert Yohanan. “We are proud to be a partner with the FHLB.”