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Member Bulletin

  • November 15, 2022
  • Bulletin No: 2022-25

2022 Federal Home Loan Bank of Dallas Director Election Results

The Federal Home Loan Bank of Dallas (Bank) is pleased to announce the results of the 2022 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, an independent director seat and a public interest independent director seat. Each seat has a four-year term commencing January 1, 2023 and expiring December 31, 2026. There were no member director seats to be filled this year for Arkansas, Louisiana or Texas.  
 
A. Fred Miller, Jr. was re-elected as a member director representing Mississippi, and Christopher G. Palmer was elected as a member director representing New Mexico. Because both were sole candidates for their respective states, they were deemed elected without further action and therefore members were not requested to cast votes for those positions. Incumbent public interest independent director Dianne W. Bolen was re-elected. Lorraine Palacios was elected as an independent director. Both were the sole candidates for their seats. Mr. Miller, Mr. Palmer, Ms. Bolen and Ms. Palacios were elected as described below.
 
The total number of votes eligible to be cast in the election for the independent director seats was 4,569,452. A total of 152 ballots were received for each of the independent director seats; however, some of those ballots were blank. Consequently, 137 valid ballots were counted for the public interest independent director seat and 142 valid ballots were counted for the independent director seat.  
 
 
The detailed results of the election were as follows:
 
Mississippi Member Director                         Number of Votes Cast
 
A. Fred Miller, Jr.                                                   Sole Candidate
Director
Bank of Anguilla
130 Holland Street
Anguilla, MS 38721
 
New Mexico Member Director                           Number of Votes Cast
 
Christopher G. Palmer                                         Sole Candidate
President and CEO
Pioneer Bank
3000 N. Main Street
Roswell, NM 88201
 
Independent Directors                                      Number of Votes Cast
 
Dianne W. Bolen                                                    1,247,247
Retired Executive Director
Mississippi Home Corporation
Madison, MS 39110
 
Lorraine Palacios                                                 1,271,663
Managing Director – Co-Head
National Housing Group, Head of Midwest,
and Texas Group Senior Member Samuel A.
Ramirez & Co., Inc. Austin, TX 78749
 
As required, Ms. Bolen and Ms. Palacios 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:
 
Dianne W. Bolen
 
Dianne W. Bolen is a retired Executive Director of the Mississippi Home Corporation (MHC) in Jackson, Mississippi. MHC is a state housing finance agency that provides rental and homeownership programs to persons of low to moderate income. From 1998 through 1999 and from 2007 through 2009, Ms. Bolen served as a member of the Bank’s affordable housing Advisory Council, which advises the Bank’s Board of Directors regarding opportunities for community revitalization through specialized community investment and affordable housing programs. She has served as a public interest director of the Bank since November 2012. Ms. Bolen currently serves on the Board of Directors’ Affordable Housing and Economic Development Committee (for which she serves as Chairman), Government and External Affairs Committee, and Executive and Governance Committee.
 
Lorraine Palacios
 
Lorraine Palacios serves as Managing Director, Co-Head National Housing Group, Head of Midwest, and Texas Group Senior Member for Samuel A. Ramirez & Co., Inc. (Ramirez), a nationwide, full-service investment bank, brokerage and advisory firm. Ms. Palacios joined Ramirez in January 2011 and has served in her current role since November 2016. From January 2011 to October 2016, she served as Senior Vice President. In her current role, Ms. Palacios provides investment banking coverage to general market municipal bond issuers in Texas and the Midwest and she co-leads Ramirez's national affordable housing practice which is concentrated in Texas, the Midwest and the Northeast.