• November 03, 2026
• Bulletin No: 2026-25

The Federal Home Loan Bank of Dallas (Bank) is pleased to announce the results of the 2026 election for four positions on the Bank’s Board of Directors (Board), which consisted of one member director seat in Mississippi, one member director seat in New Mexico and two independent director seats. Each seat has a four-year term commencing January 1, 2027 and expiring December 31, 2030. There were no member director seats to be filled this year for Arkansas, Louisiana or Texas. 

Max S. Yates, Director at BankPlus in Ridgeland, Mississippi, was elected as a member director representing Mississippi. He will fill the outgoing seat of A. Fred Miller Jr., Director of Hope Enterprise Corporation in Jackson, Mississippi. Christopher G. Palmer, Director, President and CEO of Pioneer Bank in Roswell, New Mexico, was re-elected as a member director representing New Mexico. Mr. Yates and Mr. Palmer were the sole nominees for the member directorships representing the states of Mississippi and New Mexico, respectively. Such nominees were deemed elected without further action and therefore members were not required to cast votes for those positions. Austin, Texas-based incumbent Lorraine Palacios, Senior Managing Director and Co-Head of Public Finance for Samuel A. Ramirez & Co., Inc., was re-elected to a public interest independent director seat. James D. Goudge was elected to an independent director seat. Mr. Goudge retired as Chief Executive Officer of Broadway National Bank, a member of the Bank, in San Antonio, Texas, in 2016 and as Chairman of its board of directors in 2019. Subsequent to his retirement, he continued to serve Broadway National Bank as an Executive Vice President and consultant to its Chief Executive Officer until early 2026.   

The total number of votes eligible to be cast in the independent director election was 7,446,920, of which 158 member institutions cast a total of 1,948,694 votes for Mr. Goudge and 141 member institutions cast a total of 1,701,243 votes for Ms. Palacios.   

The detailed results of the election were as follows: 

As required, both Mr. Goudge and Ms. Palacios received at least 20 percent of the votes eligible to be cast in the election to fill the directorship for which they were nominated. Biographical information on the independent directors is provided below.  

If you have any questions regarding the election process, please contact Bre Chapman, Corporate Secretary, at 214.441.8459. 

Sincerely,  
 
Sanjay K. Bhasin 
President and Chief Executive Officer 

Biographical Information for the Independent Directors: 

James D. Goudge   
Mr. Goudge, 72, is a retired banker with more than 42 years of experience in the banking industry at the time of his retirement in 2019. He retired as Chief Executive Officer of Broadway National Bank in San Antonio, Texas, in 2016 and as Chairman of its board of directors in 2019. Subsequent to his retirement, he continued to serve Broadway National Bank, a member of the Bank, as an Executive Vice President and a consultant to its Chief Executive Officer until early 2026. He previously served as a member director of the Bank from April 2014 to December 2025. Mr. Goudge is a past chairman of the Texas Bankers Association and has served on the American Bankers Association’s Membership and Government Relations committees. He currently serves on the KLRN Public Television Endowment Committee, University of Texas Chancellor’s Council Executive Committee, United Way of San Antonio’s Tocqueville Cabinet as the event co-chair, Southwest Research Institute Board of Trustees and the University of Texas at San Antonio Development Board Committee. 

Lorraine Palacios   
Based in Austin, Texas, Ms. Palacios, 48, serves as Senior Managing Director and Co-Head of Public Finance for Samuel A. Ramirez & Co., Inc. She has served as a director of the Bank since January 2023. She provides investment banking coverage to state and local issuers across Texas as a senior banker and in the Midwest as Head of the Midwest Region for the firm. She joined Ramirez in January 2011 and has 25 years of public finance experience. In 2001, she began her career in structured finance with a focus on single family and multifamily housing issuers while at her prior firms of UBS and RBC. Ms. Palacios currently serves on the Board of Directors’ Risk Management Committee, Affordable Housing and Economic Development Committee (for which she serves as Vice Chairman) and Government and External Affairs Committee. Ms. Palacios is an active member of the Women in Public Finance (National, Texas and Chicago chapters) and participates in the mentoring and scholarship committees. She is a past board member of the Municipal Advisory Council of Texas and is a member of the Hispanic Scholarship Fund’s Austin Advisory Council.