The Federal Home Loan Bank of New York (FHLBNY) announced a leadership transition on October 22, 2026. The Board of Directors confirmed that Randolph C. Snook has resigned as President and Chief Executive Officer, effective October 20, 2026. Mr. Snook will remain with the institution as a senior advisor through December 31, 2026, to assist with the leadership transition.
To ensure continuity during the search for a permanent replacement, the Board has named Jonathan West as Interim President and CEO, also effective October 20, 2026. Mr. West, age 69, joined the FHLBNY in May 2015 as Senior Vice President and Chief Legal Officer. He most recently served as Chief of Staff/Senior Advisor since February 2026. Prior to his tenure at the New York Bank, Mr. West served as Executive Vice President and Chief Operating Officer of the Federal Home Loan Bank of Indianapolis.
The FHLBNY serves 337 financial institutions across New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands. The Bank is part of a national wholesale banking network of 11 regional, stockholder-owned banks. The Board of Directors has initiated a process to identify a permanent successor to Mr. Snook.
