The Federal Home Loan Bank of New York said Derek Bryson Park has been elected to a two-year term as a public-interest director.

He was named by the Federal Housing Finance Board, the bank's regulator.

Mr. Park is a senior vice president at Cohane Rafferty Securities in Harrison, N.Y., a mortgage finance firm that he joined in 1988. He is also on the board of Southwest Security Inc., which owns $96.5 million-asset United Mississippi Bank in Natchez.

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