About Us « Our Board & Management »

Management & Our Board

Executive Bios

Winthrop Watson was appointed by the Board of Directors as President and Chief Executive Officer, effective January 1, 2011. Previously, he was Chief Operating Officer of FHLBank Pittsburgh, a position that he assumed in November 2009. Mr. Watson served as Managing Director at J.P. Morgan in Hong Kong from 2007-2009 after serving that company in various capacities in New York for 22 years. In Hong Kong, he served as senior client executive for J.P. Morgan’s Asia Pacific central banks and sovereign wealth funds, head of its Asia Pacific debt capital markets, and as chairman of its Asia Pacific investment banking business evaluation committee. Earlier, Mr. Watson was Managing Director of J.P. Morgan in New York, where he helped build the company’s investment and commercial banking franchise for U.S. government-sponsored enterprises (GSEs), including FHLBanks. His background also includes several financial advisory assignments on behalf of FHLBanks. Mr. Watson holds an MBA from Stanford University and a BA from the University of Virginia.

Kristina K. Williams joined the Bank on December 31, 2004 as Chief Accounting Officer. Ms. Williams became Chief Financial Officer February 1, 2006. In August 2010, she was promoted to Executive Vice President and Chief Financial Officer with additional responsibility for oversight of Technology and Operating Services, and was named Chief Operating Officer in addition to her other responsibilities on June 21, 2011. Prior to joining FHLBank, Ms. Williams served as Chief Financial Officer of Wholesale Banking for PNC Financial Services Group. Ms. Williams also spent time in SEC and Regulatory Reporting and served as Director of Accounting Policy for PNC. Ms. Williams previously spent several years in public accounting with PricewaterhouseCoopers and Deloitte & Touche. Ms. Williams graduated magna cum laude from West Liberty State College and received her Master's in Professional Accountancy from West Virginia University. Ms. Williams is a CPA and a member of the American Institute of Certified Public Accountants, Pennsylvania Institute of Certified Public Accountants and the Board of Directors for the West Liberty State College Foundation.

Craig C. Howie joined the Bank in 1990, and is the Group Director of the Bank’s Member Services department which includes Relationship Management, Marketing Services, Mortgage Partnership Finance, Community Investment and Product Delivery. Before joining the Bank, Mr. Howie worked for Chemical Bank in New York as an Assistant Vice President in Mortgage Capital Markets. Prior to that, Mr. Howie worked for GMAC as an Assistant Vice President in Secondary Marketing. Mr. Howie received a Bachelor's degree in Finance and Marketing from Susquehanna University and a Master's degree in Business Administration with a concentration in Finance from Drexel University.

Michael A. Rizzo is the Bank’s Chief Risk Officer. Mr. Rizzo served as the Chief Risk Officer of Residential Finance Group, the U.S. residential mortgage lending unit of GMAC ResCap. He was a member of ResCap’s Executive Committee, chaired the company’s major credit and operational risk committees, and served on its valuations and asset/liability management committees. In addition, Mr. Rizzo served as Chief Credit Officer for Ally (GMAC) Bank mortgage operations. Prior to joining GMAC Bank in 2006, Mr. Rizzo was a leader in GMAC Residential’s operational risk management function. Previous experience includes approximately 15 years with Provident Bank in Cincinnati, FleetBoston Financial Corporation and BankBoston. During his seven years with the Office of the Comptroller of the Currency (OCC), Mr. Rizzo was a commissioned national bank examiner. He holds a Bachelor of Science degree in Accounting from Bucknell University and holds the Certified Public Accountant (CPA) designation.

Dana A. Yealy joined the Bank in 1986, and has served as General Counsel since August 1991. Mr. Yealy is responsible for the legal, government relations, corporate secretary and ethics functions of the Bank. Prior to joining the Bank, he was an attorney with the Federal Home Loan Bank of Dallas. Mr. Yealy earned his Bachelor's degree in Economics from Westminster College, his Juris Doctorate from Pennsylvania State University’s Dickinson School of Law, and his LL.M in Banking Law from the Boston University School of Law. Mr. Yealy is an active member of the Association of Corporate Counsel, the American Society of Corporate Secretaries, and the Society of Corporate Compliance and Ethics. Mr. Yealy is also a member of several committees of the American, Pennsylvania and Allegheny County Bar Associations. Mr. Yealy serves on the Board of Directors of the Pittsburgh Civic Light Opera. Mr. Yealy was appointed Director on the board of the Intergovernmental Cooperation Authority, one of Pittsburgh's fiscal oversight boards, by the Republican leadership in Pennsylvania’s House of Representatives.

Board of Directors

Dennis S. Marlo, Chairman

Current Position
Managing Director, Sanctuary Group LTD
Malvern, Pennsylvania

Education
BS, Accounting, LaSalle University
Graduate School of Community Bank Management,
University of Texas at Austin
Licensed CPA (PA)

Affiliations
Member, Financial Managers Society, Financial Executive International and the American and Pennsylvania Institutes of Certified Public Accountants; National Association of Corporate Directors
Chairman, Development Committee, Past Chairman of the Board, Board of Trustees, Harcum College
Member, Investment and Operations Committees, Board of Trustees, Lankenau Medical Center Foundation
Member, Council of the President's Associates, LaSalle University
Member, Board of Directors, Main Line Health Real Estate, LP
Chairman of the Audit Committee, Board of Directors, EnerSys
Past Chairman, National Board of Directors, Financial Managers Society
Past Chairman, Community Banking Advisory Council, Federal Reserve Bank of Philadelphia
Past Chairman, Regulatory and Legislative Committee and Past
Member, Board of Directors, Pennsylvania Association of Community Bankers
Past Member, Governing Council, Pennsylvania Bankers Association
Past Member, Governmental Affairs Council, America's Community Bankers
Past President, Insured Financial Institutions of Delaware Valley

Awards
Outstanding Achievement in Accounting Award, LaSalle University
First PAC Chairman's Award, Pennsylvania Association of Community
Bankers

John K. Darr, Vice Chairman

Current Position
Director, Manna, Inc.
Washington, D.C.

Trustee, The Advisors' Inner Circle Fund
Oaks, PA

Education
AB, Lafayette College
Public Finance Institute, University of Michigan
Advanced Management Program, Harvard Business School

Affiliations
Former CEO and Managing Director, FHLBanks Office of Finance
Former Director, Mortgage IT
Former President and CEO, Ryland Acceptance Advisers
Former Managing Director, Prudential Bache Capital Funding
Former Vice Chairman, CityFed Financial Corp
Former CFO, Financial Corporation of America
Former EVP/CFO-CAO, Sallie Mae
Former CFO, No. California Savings
Former Treasurer, FHLBank of San Francisco
Lieutenant, JG, United States Navy

Patrick A. Bond

Current Position
Founding General Partner, Mountaineer Capital, LP
Charleston, West Virginia

Education
BS, Industrial Engineering, West Virginia University
MS, Industrial Engineering, West Virginia University

Affiliations
President, West Virginia Symphony Orchestra
Member, Board of Charleston Area Alliance
Member, Board of Clay Center for the Arts and Sciences of West Virginia
Former President, Charleston Renaissance Corporation
Former member, FHLBank Pittsburgh Affordable Housing Advisory Council

Maureen Breakiron-Evans

Current Position
Self-Employed
Villanova, Pennsylvania

Education
BBA, Stetson University
MBA, Harvard Business School
Master of Liberal Arts, Stanford University
Certified Public Accountant designation

Affiliations
Director and Audit Committee member, Cognizant Technology Solutions Corporation
Former CFO, Towers Perrin Foster & Crosby
Former Director and Audit Committee member, ING Direct – USA
Chair, Stetson University School of Business Advisory Board
Member, Board of Trustees, Stetson University
Board Member, World Affairs Council of Philadelphia
Founder and Chair of Philadelphia Chapter, Women Corporate Directors

Rev. Luis A. Cortés Jr.

Current Position
President, Esperanza
Philadelphia, Pennsylvania

Education
BA, City College of New York
MDiv, Union Theological Seminary
MS, New Hampshire College
Doctorates, Moravian Theological Seminary and Palmer Theological Seminary

Affiliations
Former member and vice chair, Board of Directors, FHLBank Pittsburgh
Founder and executive director, Hispanic Clergy of Philadelphia
Founding member, United Bank
Member, Pennsylvania Minority Business Development Authority
Member, Philadelphia Workforce Investment Board
Member, Cancer Treatment Centers of America (Eastern Region) Board

Awards
"25 Most Influential Evangelicals," TIME magazine

Brian A. Hudson

Current Position
Executive Director and CEO, Pennsylvania Housing Finance Agency (PHFA)
Harrisburg, Pennsylvania

Education
BA, Pennsylvania State University
Accreditations: Certified Public Accountant (CPA), Certified Treasury Professional (CTP)

Affiliations
Vice President, National Council of State Housing Agencies
Member, Board of Lackawanna College
Chair, Commonwealth Cornerstone Group
Former Chair, Harrisburg Public School Foundation

William C. Marsh

Current Position
Chairman, President and CEO
Emclaire Financial Corporation
The Farmers National Bank of Emlenton
Emlenton, PA

Education
BS, Business Administration/Accounting, Clarion University of Pennsylvania
Certified Public Accountant designation

Affiliations
Member, Federal Reserve Bank of Cleveland Community Depository Institution Advisory Council
American Institute of Certified Public Accountants
Director, Community Development Corporation of Butler County
Member, Pennsylvania Bankers Association Professional Development Policy Committee
Member, Advisory Board, Beaver Steel Services, Inc.
Member, Clarion University of Pennsylvania College of Business Administration Advisory Council

John C. Mason

Current Position
Chief Investment Officer and Treasurer, ING DIRECT USA
ING Bank fsb
Wilmington, Delaware

Education
BS, Business Economics, Indiana University, Bloomington

Affiliations
Former Head of Market Risk Management, ING DIRECT
Treasury and Capital Markets positions: KeyCorp, First Fidelity Bancorporation,
BancOhio National Bank, Crocker National Bank
Participant, Junior Achievement Titan and Economics for Success

Charlotte B. McLaughlin

Current Position
Executive Vice President, PNC Bank, N.A.
President and CEO, PNC Capital Markets, Inc.
Pittsburgh, Pennsylvania

Education
BS, Pennsylvania State University
MBA, University of Pittsburgh

Affiliations
Director, ABA Securities Association, Inc., Washington, DC

John S. Milinovich

Current Position
Executive Vice President, Treasurer and CFO, Washington Financial Bank
Washington, Pennsylvania

Education
BS, Accounting, Duquesne University
Graduate, ACB-National School of Banking, Fairfield University
Licensed Certified Public Accountant (CPA) 1976-present

Affiliations
Past Chairman and current Director, Washington County Chamber of Commerce
Past Member, Steering Committee, Southwestern PA Growth Alliance
Past Director, Southwest Corner Workforce Investment Board
Past Member, Board of Governors, Pennsylvania Economy League-Western Division
Past Chairman, Washington County Branch, Pennsylvania Economy League
Past Treasurer and Board Member, United Way of Washington County
Past Director, PICPA Foundation for Education & Research
Past Chairman, PICPA State Continuing Professional Education Committee
Past Member, PICPA State Education Committee

Awards
Chairman’s Award, America’s Community Bankers, National School of Banking - 2002

Charles J. Nugent

Current Positions:
Senior Executive Vice President and CFO, Fulton Financial Corporation
Lancaster, Pennsylvania

Vice President, Fulton Bank, N.A.
Lancaster, Pennsylvania

Education:
B.S., Business Administration, LaSalle University
Designated Certified Public Accountant (CPA)

Affiliations:
Current Vice Chairman, Risk Management Committee, Fulton Financial Corporation
Former Chief Financial Officer, First Peoples Financial Corporation, New Jersey
Prior employment with Philadelphia National Corporation, PriceWaterhouse
Board affiliations: St. Joseph’s Hospital of Lancaster, United Way of Lancaster County, Susquehanna Association for the Blind and Vision Impaired, YMCA of Lampeter-Strasburg, Lancaster Symphony Orchestra

Bradford E. Ritchie

Current Position
West Virginia President, Summit Community Bank
Moorefield, West Virginia

Education
BS, Business Administration/Accounting, West Virginia University
Certified Public Accountant designation

Affiliations
Member, Board of Directors of the West Virginia Society of Certified Public Accountants
Chair, Accounting and Auditing Committee, WV Society of CPAs
Past Director, United Way of Central West Virginia
Past Director, The Community Council of Charleston
Trustee, University of Charleston
Advisory Board, Graduate School of Business, University of Charleston

Patrick J. Ward

Current Position
Chairman of the Board and CEO, Penn Liberty Bank
Wayne, Pennsylvania

Education
BS, Carnegie Mellon University
MBA, University of Notre Dame

Affiliations
Member, Board of Directors, Philadelphia Police Athletic League
Member, Board of Directors, Phoenixville Area YMCA
Member, Board of Directors, Elmwood Park Zoo
Member, Board of Directors, EconomicsPennsylvania
Member, Board of Directors, Chester County Chamber of Commerce

Robert W. White

Current Position
Director, Susquehanna Bancshares, Inc.
Senior Executive Vice President and Director, Susquehanna Bank
Lititz, Pennsylvania

Education
BS in Finance, The Pennsylvania State University

Affiliations
Appointed President of Abington Bank, 1991; named to the additional positions of
Chairman and CEO, 1994
Also Chairman, President and CEO of Abington Community Bancorp, Inc.
Director: Abington Educational Foundation, Jenkintown Rotary Board, Abington Memorial Hospital Foundation Board, Penn State Abington Advisory Board
First Lieutenant, United States Army, 1967-1969