New York Life Insurance Company has joined the Federal Home Loan Bank of New York as a new member, the FHLBank said. "New York Life is one of the premier financial institutions in the United States, and we are pleased to welcome them as a new member to the Home Loan Bank family of community financial institutions," said FHLB president Alfred DelliBovi. New York Life is a Fortune 100 company founded in 1845 and the largest mutual life insurance company in the U.S. "We are happy to partner with such a strong wholesale lender with over 75 years of service to the financial industry and we look forward to a long and prosperous relationship," said New York Life executive vice resident and chief financial officer Michael Sproule.
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