Acting Prez Named by Chicago FHLBank

The Chicago Federal Home Loan Bank has named Charles A. Huston to serve as the acting president of the $95 billion cooperative bank while a search continues for a permanent replacement for Alex Pollock.On June 8, Mr. Pollock unexpectedly announced he would step down as president on June 30 to take a position as a resident fellow at a Washington think tank. Mr. Huston joined the Chicago FHLBank in 1991. He most recently served as executive vice president of membership relationship management, where he played a central role in the growth and success of the Mortgage Partnership Finance program. Meanwhile, Chicago FHLBank chairman Allen Koranda said a search committee has been formed to find a permanent replacement. "We have begun a search to identify the best candidate and will conduct it as quickly as possible, but there is no deadline for the completion of this process," Mr. Koranda said.