The Federal Home Loan Bank of Chicago has announced the results of its 2026 election for member and independent directors. The newly elected directors will serve four-year terms beginning January 1, 2027, and ending December 31, 2030.
The Bank reported that 133 member institutions in Illinois cast a total of 5,447,854 votes for the single member director seat representing Illinois. Betsy A. Johnson, Chairman and Chief Executive Officer of Solutions Bank in Forreston, Illinois, received 1,145,596 votes and was re-elected to the Board.
For the single member director seat representing Wisconsin, James H. Hegenbarth, President and Director of Bank CMG in Madison, Wisconsin, ran unopposed. He was declared elected on September 15, 2026, and will begin his term in 2027.
In the election for the public interest independent director seat, 181 members cast a total of 9,269,188 votes. Kevin L. Newell, Founder and CEO of Royal Capital Group in Milwaukee, Wisconsin, received 3,453,874 votes and was re-elected to the Board.
The filing notes that the Board has not yet determined which committees the newly elected directors will serve on in 2027. Additionally, the directors are expected to receive compensation under the Bank's 2027 Board of Directors Compensation Policy, which has not yet been approved.
