Directors Named for Dallas Home Loan Bank

The Federal Housing Finance Board has appointed three experienced directors for three-year terms at the Federal Home Loan Bank of Dallas. The Dallas bank announced Friday that its vice chairman, Mary E. Ceverha of Dallas, and Bobby L. Chain of Hattiesburg, Miss., will serve another term. And Patricia P. Brister of St. Tammany Parish, La., who was vice chairman before leaving in 2004 at the end of her first three-year term, is to return to the board. The Dallas bank announced merger discussions with the Home Loan Bank of Chicago in August after American Banker learned of the talks. In October the Finance Board gave the merger discussions more momentum when it completed a cease-and-desist order against the Chicago bank, imposing capital requirements and dividend restrictions. The talks could result in a combination as soon as early 2008, observers say.