Indianapolis FHLBank Picks New CEO

The Federal Home Loan Bank of Indianapolis has selected its former chief financial officer Milton J. Miller II to be the bank's new president and chief executive officer.Mr. Miller first joined the Indianapolis bank in 1978 and served as CFO from 1985 to December 2006, when he retired. He is expected to assume his new duties July 16. "Miller's extensive experience in the financial markets will be a tremendous asset as the bank continues to address the challenges of the evolving financial and mortgage product marketplace," board chairman Paul Chabuesch said. The Indianapolis FHLBank has a mortgage purchase program and a $9.96 billion mortgage portfolio. Brian Fike has served as interim president and CEO since last November, when Martin Heger retired after 15 years as the bank's top executive. The FHLBank can be found on the Web at http://www.fhlbi.com.