Bulletin No.: 2018-24
November 13, 2018
SUBJECT: 2018 Director Election Results
The Federal Home Loan Bank of Dallas (Bank) is pleased to announce the results of the 2018 election for four positions on the Bank's Board of Directors, which consisted of one member director seat representing the state of New Mexico, one member director seat representing the state of Mississippi, and two independent directorships, including one public interest directorship. All director seats being filled have a four-year term commencing January 1, 2019 and expiring December 31, 2022. There were no member director seats to be filled this year for Arkansas, Louisiana or Texas.
Ron G. Wiser was the sole candidate for the New Mexico member director seat, and A. Fred Miller was the sole candidate for the Mississippi member director seat, so they were both deemed elected without further action. Dianne W. Bolen was the sole candidate for the public interest director seat and Mary E. Ceverha was the sole candidate for the other independent director seat, and both were re-elected as described below.
The total number of votes eligible to be cast in this election for independent directors was 5,250,353. A total of 192 ballots were received for the independent director seats; however, some of those ballots were blank for one or the other of the two candidates. Consequently, 168 valid ballots were applied for Ms. Bolen and 176 valid ballots were applied for Ms. Ceverha, and the number of valid votes cast for each independent director candidate is noted below.
The detailed results of the election were as follows:
Number of votes
Ron G. Wiser
President and CEO
Bank of the Southwest
226 N. Main Street
Roswell, NM 88201
A. Fred Miller
Bank of Anguilla
130 Holland Street
Anguilla, MS 38721
Number of votes cast
Dianne W. Bolen
Retired Executive Director of the
Mississippi Home Corporation
Mary E. Ceverha
As required, Ms. Bolen and Ms. Ceverha 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.
Sanjay K. Bhasin
President and Chief Executive Officer
Biographical Information for the Independent Directors:
Dianne W. Bolen
Dianne W. Bolen served as Executive Director of the Mississippi Home Corporation in Jackson, Mississippi from 1997 until her retirement on December 31, 2014.The Mississippi Home Corporation is a state housing finance agency that provides rental and homeownership programs to persons of low to moderate income. Ms. Bolen joined the Mississippi Home Corporation in 1990. From 1990 to 1992, she served as Finance Director and from 1992 to 1997, she served as Deputy Executive Director. Ms. Bolen also served as Assistant Secretary Treasurer from 1990 until June 2014. From April 2015 to April 2017, she served as a consultant to the Mississippi Home Corporation.
Ms. Bolen previously served on the board of directors of the National Council of State Housing Agencies (NCSHA) and, until December 31, 2014, she co-chaired the NCSHA's Municipal Disclosure Task Force. Prior to her retirement, Ms. Bolen also served as a member of the National Mortgage Bankers Association and the Affordable Housing Tax Credit Coalition. She currently serves as Chairman of the Affordable Housing and Economic Development Committee of the Bank's Board of Directors. Ms. Bolen previously served on the Bank's Affordable Housing Advisory Council from 1998 through 1999 and from 2007 through 2009.
Mary E. Ceverha
Mary E. Ceverha, a civic volunteer who resides in Dallas, Texas, has served as a director of the Bank since 2004. Ms. Ceverha is also a current director and past president of Trinity Commons Foundation, Inc. Founded by Ms. Ceverha in 2001, this not-for-profit organization coordinates fundraising and other activities relating to the construction of the Trinity River Project, a public works redevelopment project in Dallas, Texas. Previously, she served on the steering committee of the President's Research Council for the University of Texas Southwestern Medical Center, which raises funds for medical research, and as a member of the Greater Dallas Planning Council. Ms. Ceverha is also a former board member and president of Friends of Fair Park, a nonprofit citizens group dedicated to the preservation of Fair Park, a national historic landmark in Dallas, Texas, and she is a former Commissioner of the Dallas Housing Authority. From 1995 to 2004, she served on the Texas State Board of Health.
Ms. Ceverha currently serves as Vice Chairman of the Compensation and Human Resources Committee of the Bank's Board of Directors. She previously served as Vice Chairman of the Bank's Board of Directors from December 2005 to December 2014 and as Acting Vice Chairman of the Bank's Board of Directors from January 2005 to December 2005.