Michael P. Pell
Michael P. Pell
CINCINNATI – The Federal Home Loan Bank of Cincinnati’s Board of Directors is pleased to welcome two new members to the board.

In addition, three board members were re-elected. Each director will serve a four-year term that began Jan. 1. The board also elected Dr. Donald J. Mullineaux to his third term as chairman.

Newly elected as a member director from Ohio is Michael P. Pell, president and CEO of First State Bank in Winchester.

Pell is a 35-year veteran of the banking industry and currently serves as chairman of the Ohio Bankers League. First State Bank is a $460 million community bank with 13 locations across six counties in southern Ohio.

Prior to First State Bank, Pell was vice president of Fifth Third Bank, where he was responsible for retail administration for the Fifth Third Ohio Valley affiliate which managed 26 offices in Ohio, Kentucky and West Virginia.

Re-elected as member directors from Tennessee were James A. England and William S. “Sammy” Stuard. Both were re-elected to their third terms on the FHLB Board.

Newly elected as independent director was April Miller Boise of Cincinnati. Boise is senior vice president, chief legal officer and corporate secretary of Meritor Inc. in Troy, Mich.

Re-elected as independent director was Nancy Uridil of Avon. Uridil is a retired global consumer products senior executive with experience building global branded businesses, corporate governance, personnel matters as a result of leading large multi-national organizations, developing competitive advantage in customer experience, product development, business operations and systems. She held leadership positions in several highly valued consumer products companies – Moen, Estee Lauder, Mary Kay and Procter & Gamble.

The FHLB is a $100 billion congressionally-chartered regional wholesale bank providing financial services for residential housing and economic development to 652 member financial institutions located in Kentucky, Ohio and Tennessee.