Member Bulletin

• November 12, 2019
• Bulletin No: 2019-25

*Updated to include total number of eligible votes and the number of members voting in the director election for the Texas member seat.

The Federal Home Loan Bank of Dallas (Bank) is pleased to announce the results of the 2019 election for four positions on the Bank's Board of Directors, which consisted of one member director seat representing the state of Texas and three independent directorships, including one public interest directorship. All director seats being filled have a four-year term commencing January 1, 2020 and expiring December 31, 2023. There were no member director seats to be filled this year for Arkansas, Louisiana, Mississippi or New Mexico.  

There were seven candidates for the Texas member director seat. Robert M. Rigby was re-elected as a Texas member director. Patricia P. Brister was the sole candidate for the public interest director seat. John P. Salazar and Margo S. Scholin were the sole candidates for the other two independent director seats. All were re-elected as described below.

The total number of votes eligible to be cast in this election for independent directors was 5,501,177. A total of 195 ballots were received for the independent director seats; however, some of those ballots were blank for one or two of the three candidates. Consequently, 181 valid ballots were counted. *The total number of votes eligible to be cast for the Texas member director seat was 3,417,055. For the Texas member director seat, a total of 114 valid ballots were received.

The detailed results of the election were as follows:

Member Director                                              Number of Votes Cast

Robert M. Rigby                                                                         371,749
Regional President, EVP
Legend Bank
6851 NE Loop 820
N. Richland Hills, TX 76180

Thomas E. Turner                                                                      186,087
Chairman & CEO
The First State Bank
402 9^th Street
Abernathy, TX 79311

S. David Deanda Jr.                                                                   142,120
President
Lone Star National Bank
206 West Ferguson Avenue
Pharr, TX 78577

Jerry Don "J.D." Williams                                                            102,865
CFO/COO/Director
FirstBank Southwest
2401 Georgia
Amarillo, TX 79109

Oscar Temblador                                                                       44,698
President & CEO
Spectra Bank
2000 Handley Ederville Road
Fort Worth, TX 76118

Brett Seybold                                                                            271,222
SVP, Treasurer
USAA
9800 Fredericksburg Road
San Antonio, TX 78288

Robert S. Zearfoss                                                                    245,564
EVP/CFO
Randolph-Brooks Federal Credit Union
1 Randolph Brooks Parkway
Live Oak, TX 78233

Independent Director                                       Number of Votes Cast

Patricia P. Brister                                                                    1,680,033
President
St. Tammany Parish
21490 Koop Drive
Mandeville, LA  70471

John P. Salazar                                                                      1,548,820
Attorney and Director
Rodey, Dickason, Sloan, Akin & Robb, P.A.
201 Third Street NW
Suite 2200
Albuquerque, NM 87102

Margo S. Scholin                                                                     1,696,515
Retired Partner
Baker Botts L.L.P.
1 Southside Circle
Houston, TX 77025

As required, Ms. Brister, Mr. Salazar and Ms. Scholin each 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:

Patricia P. Brister

Patricia P. Brister serves as president of St. Tammany Parish in Mandeville, Louisiana, and has served in that capacity since December 2011. Since March 2006, she has served on the board of directors of Habitat for Humanity St. Tammany West and from March 2007 to March 2009 she served as its chairman. From January 2009 to September 2011, she served as executive director of the Northshore Business Council. In 2007 and 2008, Ms. Brister served as a director of Volunteers of America – Greater New Orleans. From June 2006 to January 2008, she served as the United States Ambassador to the United Nations Commission on the Status of Women. She previously served as a councilwoman for St. Tammany Parish from 2000 to 2007 and is a past chairman of the Women's Build Habitat for Humanity. From 1975 to 2000, Ms. Brister served as secretary/treasurer of Brister-Stephens, Inc., a privately owned mechanical contracting company in the New Orleans area. Ms. Brister currently serves as chairman of the Compensation and Human Resources Committee of the Federal Home Loan Bank of Dallas (Bank) Board of Directors. She previously served as a director of the Bank from 2002 to 2004 and was vice chairman of the Bank's Board of Directors in 2004.

John P. Salazar

John P. Salazar is an attorney and director with Rodey, Dickason, Sloan, Akin & Robb, P.A. in Albuquerque, New Mexico, where he specializes in real estate-related matters, including land use and development law. He has been with Rodey, Dickason, Sloan, Akin & Robb, P.A. since 1968 and has represented single-family residential and multifamily housing developers and builders. Mr. Salazar currently serves as a member of the Advisory Council of the Inter-American Foundation and he is a past chairman of the foundation's board of directors. He is a member of the Albuquerque Economic Forum, the Greater Albuquerque Chamber of Commerce, the Albuquerque Hispano Chamber of Commerce and the Albuquerque Chapter of the National Association of Office and Industrial Parks. Mr. Salazar previously served on the board of directors of the Greater Belen Economic Development Corporation, the board of trustees of the Albuquerque Community Foundation and the board of directors of the KIMO Foundation.  Further, he is a past board chairman of the Albuquerque Hispano Chamber of Commerce, the Greater Albuquerque Chamber of Commerce, and the University of New Mexico Alumni Association. Mr. Salazar currently serves as Chairman of the Government and External Affairs Committee of the Federal Home Loan Bank of Dallas' Board of Directors.

Margo S. Scholin

Margo S. Scholin is a retired partner of the law firm of Baker Botts L.L.P. in Houston, Texas. As a member of the law firm's Corporate Section, she specialized in corporate and securities law, including securities law reporting, corporate transactions and governance, corporate finance and the issuance of debt and equity securities. Ms. Scholin joined Baker Botts L.L.P. in 1983 and was a partner from 1991 until her retirement in December 2010. From 1997 to 2004, she served as chair of the Regulatory Committee of the Texas State Board of Health. Ms. Scholin is a past chairman of the board of directors of the Houston Area Women's Center, a nonprofit agency serving victims of domestic violence and sexual abuse and has served on numerous other nonprofit boards. She currently serves as chairman of the Strategic Planning, Operations and Technology Committee of the Federal Home Loan Bank of Dallas Board of Directors.