S.F. Home Loan Bank President Plans to Retire Next Year

Nonconforming

Print

Email

Reprints

Comment

Twitter

LinkedIn

Facebook

Google+

SourceMedia’s Partner Insights program enables marketers to deliver relevant content and insights directly to the National Mortgage News audience via SourceMedia’s digital media platforms. Partner Insights content is produced by the marketer. To find out more, contact Tim Murphy at timothy.murphy@sourcemedia.com or 212-803-8760.

WASHINGTON — Dean Schultz, the long-time head of the Federal Home Loan Bank of San Francisco, is planning to retire next spring once his successor has been appointed, the bank said Friday.

Schultz has served as the president and chief executive for 23 years. The San Francisco bank’s board of directors has selected executive search firm Spencer Stuart to begin the search for a new president and CEO.

Schultz plans to step down “after April 30, 2015 once his successor has been appointed,” the bank said.

Schultz became president and CEO of the Home Loan Bank in April 1991.

The announcement comes after the Seattle and Des Moines Home Loan Banks have reached a tentative agreement for a voluntary merger. If completed, it would to be the first voluntary merger in the history of the FHLB System.

Leave a Reply