FOR IMMEDIATE RELEASE
December 7, 2018
Federal Home Loan Bank of Dallas
New Mexico Banker Reelected to FHLB Dallas Board of Directors
Ron Wiser to Begin Third Term on FHLB Dallas Board
ROSWELL, NEW MEXICO, December 7, 2018 – The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce the reelection of Ron Wiser to the FHLB Dallas Board of Directors (Board).
Mr. Wiser was the sole candidate for the New Mexico member director seat and is president and CEO of Bank of the Southwest in Roswell, New Mexico. He has served on FHLB Dallas' Board since January 1, 2011, most recently serving as chairman of the Board's Audit Committee. Mr. Wiser's new, four-year term begins January 1, 2019 and concludes December 31, 2022.
"FHLB Dallas serves a vital role in providing liquidity and economic development funding to members across its five-state District," said Mr. Wiser. "I am proud to work with the executive management team as FHLB Dallas continues to meet the needs of its members."
In addition to serving as president and chief executive officer of Bank of the Southwest, Mr. Wiser is a director and secretary/treasurer of its privately held holding company, New Mexico National Financial, Inc. in Roswell, New Mexico. He has served as president of Bank of the Southwest since 1996 and as its chief executive officer since December 2003. Mr. Wiser also served as chief executive officer of Bank of the Southwest from 1996 to November 2000. Mr. Wiser is a past president of the New Mexico Bankers Association and he previously served on the Community Bankers Council of the American Bankers Association.
"Mr. Wiser is a community banking leader who has made great contributions to the Board over the years," said FHLB Dallas President and CEO Sanjay Bhasin. "We are fortunate to have him on the Board for another term."
Mr. Wiser is a Certified Public Accountant and received his B.A. in Accounting and MBA from Utah State University. Mr. Wiser also attended the Stonier Graduate School of Banking. He and his wife, Cindy have three sons and three granddaughters. He is active in several civic and charitable organizations in Roswell and throughout New Mexico.
About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $73.7 billion as of September 30, 2018, is a member-owned cooperative that supports housing and community development by providing competitively priced advances and other credit products to approximately 825 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas.