By Bob Zimberoff
The Federal Home Loan Bank of Atlanta recently announced that Kim C. Liddell, chairman, president and CEO of the National Bank of Cambridge, was elected to the 14-member board of directors Oct. 3.
Liddell’s four-year term begins Jan. 1, according to a news release from the Cambridge bank.
“I am honored to represent Maryland and our 95 institutional members on the Federal Home Loan Bank of Atlanta,” Liddell said in the release. “As a banking industry executive in the Mid-Atlantic for 30 years, I know firsthand the important role the FHLB system plays to help financial institutions manage liquidity, fund affordable mortgages and loans and meet community credit needs.”
One of 12 regional banks in the FHLB system chartered by Congress in 1932 to support mortgage lending, each bank operates as an independent organization governed by a board of directors elected by member institutions. FHBA raises funds in the global financial markets and distributes the proceeds to members and local communities. Members of the FHBA include commercial banks, credit unions, insurance companies and community development financial institutions in seven Mid-Atlantic and Southeast states and Washington, D.C, according to the release.