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Member Bulletin

  • November 12, 2020
  • Bulletin No: 2020-29

2020 Director Election Results

The Federal Home Loan Bank of Dallas (Bank) is pleased to announce the results of the 2020 election for four positions on the Bank’s Board of Directors, which consisted of three member director seats (one seat for the state of Louisiana and two seats for the state of Texas) and one independent director seat. Each of these director seats has a four-year term commencing January 1, 2021 and expiring December 31, 2024. There were no member director seats to be filled this year for Arkansas, Mississippi or New Mexico.  
There were three candidates for the Louisiana member director seat and Stephen Panepinto was elected to fill that seat. There were eight candidates for the two Texas member director seats. W. Wesley Hoskins and Tim H. Carter were re-elected as Texas member directors. Cheryl D. Alston was the sole candidate for the independent director seat. All were elected as described below.
The total number of votes eligible to be cast in the election for the independent director seat was 5,048,523. A total of 227 ballots were received for the independent director seat; however, some of those ballots were blank. Consequently, 188 valid ballots were counted for the independent director seat. The total number of votes eligible to be cast for each of the Texas member director seats was 3,223,214. For the Texas member director seats, there were no blank ballots and 138 valid ballots were received. The total number of votes eligible to be cast for the Louisiana member director seat was 527,414. For the Louisiana member director seat, there were no blank ballots and a total of 55 valid ballots were received.
The detailed results of the election were as follows:
Louisiana Member Director                                       Number of Votes Cast
Stephen Panepinto                                                                 197,606
Chairman, President and CEO
Plaquemine Bank & Trust Company                                                      
24025 Eden Street
Plaquemine, LA 70764
Martin “Lance” Hall                                                                  64,272
Origin Bank
500 South Service Road East
Ruston, LA  71270
Rafael (Ralph) Rondon                                                                541
President and CEO
Xplore Federal Credit Union
5500 Veterans Blvd.
Metairie, LA 70003
Texas Member Director                                                Number of Votes Cast
W. Wesley Hoskins                                                                    561,231
Chairman, President and CEO
First Community Bank Corpus Christi
416 North Water Street
Corpus Christi, TX 78401
Tim. H Carter                                                                              550,594
EVP, North Texas
Southside Bank
1320 S. University Drive, Ste. 900
Ft. Worth, TX 76107
Brett F. Seybold                                                                          479,324
SVP, Corporate Treasurer
9800 Fredericksburg Road
San Antonio, TX 78288
Ben A. Cunningham                                                                   334,253
Liberty Capital Bank
5055 Keller Springs Road, Ste. 120
Addison, TX 75001
Andrew Tomalin                                                                           205,342
Advancial Federal Credit Union
1845 Woodall Rogers Frwy., Ste. 1300
Dallas, TX 75021
Thomas E. Turner                                                                         164,502
Chairman and CEO
The First State Bank
402 9th Street
Abernathy, TX 79311
S. David Deanda Jr.                                                                      133,901
Lone Star National Bank
206 West Ferguson Avenue
Pharr, TX 78577
Jerry “J.D.” Williams                                                                       68,028
FirstBank Southwest
2401 S. Georgia Street
Amarillo, TX 79109
Independent Director                                                          Number of Votes Cast
Cheryl D. Alston                                                                                   1,576,047
Executive Director and Chief Investment Officer                 Sole Candidate
Employees’ Retirement
Fund of the City of Dallas
1920 McKinney Avenue
10th floor
Dallas, TX 75201
As required, Ms. Alston received at least 20 percent of the votes eligible to be cast in the election to fill the directorship for which she was nominated. Biographical information on the independent director is provided below.
If you have any questions regarding the election process, please contact Bre Chapman, Corporate Secretary, at 214.441.8459.

Sanjay K. Bhasin
President and Chief Executive Officer
Biographical Information for the Independent Directors:
Cheryl D. Alston
Cheryl D. Alston serves as Executive Director and Chief Investment Officer of the Employees' Retirement Fund of the City of Dallas ("ERF"), a $3.6 billion pension plan for the city's civilian employees. Ms. Alston has served in that capacity since October 2004 and is responsible for strategy development, finance, operations, and investments. Prior to joining ERF, Ms. Alston served as Vice President (from October 2002 to April 2004) and Assistant Vice President (from February 1998 to October 2002) of the Retirement & Investment Services Division of Cigna Corporation. From 1988 to 1998, she served in various financial and management roles for Chase Global Securities. In 2011, Ms. Alston was appointed by President Barack Obama to the Pension Benefit Guaranty Corporation (PBGC) Advisory Committee. In 2013, she was reappointed to serve a second term on the PBGC Advisory Committee, which term ended in 2016. Ms. Alston currently serves on the board of directors of CHRISTUS Health, a faith-based international health care system. In addition, she serves on the boards of directors of Blue Cross Blue Shield of Kansas City, TIDES and the Texas Women's Foundation and is a member of both the Dallas Assembly and the International Women's Forum Dallas. On February 26, 2018, Ms. Alston was elected to serve on the board of directors of Globe Life Inc. (formerly known as Torchmark Corporation), a publicly traded financial services holding company specializing in life and supplemental health insurance. Globe Life Inc.'s primary subsidiaries are American Income Life Insurance Company, Liberty National Life Insurance Company, Globe Life and Accident Insurance Company, United American Insurance Company and Family Heritage Life Insurance Company of America.