David W. Lindstrom, president and chief executive officer of Franklin Bank, has been elected to a two-year term as chairman of the board of the Federal Home Loan Bank of New York. In addition, Michael M. Horn has been elected to serve the remaining term, through Dec. 31, of the current vice chair. Mr. Lindstrom has been serving as vice chair since 2005. Mr. Horn has been a partner since 1990 in the Newark, N.J., office of the McCarter & English LLP law firm, the FHLBank said. The New York FHLBank provides services to financial institutions in New York, New Jersey, Puerto Rico, and the U.S. Virgin Islands. It can be found on the Web at http://www.fhlbny.com.
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