ATLANTA, Feb. 16 /PRNewswire/ -- The Federal Home Loan Bank of Atlanta
today announced that Executive Vice President and Chief Financial Officer Lee
Puschaver has resigned to pursue other interests.
"FHLBank Atlanta is appreciative of Lee's leadership and numerous
contributions to the Bank, in particular its registration efforts with the
Securities and Exchange Commission," said Ray Christman, President and CEO.
"Lee has led the Bank through its restatement and the process that will soon
result in our Form 10 filing with the SEC. We wish him the best in his future
endeavors."
Christman noted that the Bank expects to file its Form 10 registration
statement with the SEC during the first quarter of 2006, upon completion of
its 2005 audit.
Puschaver said, "I am grateful to have helped guide the Bank this year in
its registration efforts. It has made tremendous progress in the pursuit of
SEC registration and stands well positioned to reach that goal."
The Bank expects to begin a search promptly to fill the position of CFO.
About FHLBank Atlanta
FHLBank Atlanta is a $135 billion financial services organization that
provides low-cost financing, community development grants, and other banking
services to more than 1,200 financial institutions in Alabama, Florida,
Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District
of Columbia. FHLBank Atlanta is one of 12 district banks in the Federal Home
Loan Bank System, which since 1990 has contributed more than $2 billion to
affordable housing development in the United States.
Some of the statements made in this press release may be "forward-looking
statements," which include statements with respect to the Bank's beliefs,
plans, objectives, goals, expectations, anticipations, assumptions, estimates,
intentions, and future performance, including the Bank's expectations about
the filing of its registration statement, and involve known and unknown risks,
uncertainties and other factors, many of which may be beyond the Bank's
control, and which may cause the Bank's actual results, performance or
achievements to be materially different from future results, performance or
achievements expressed or implied by the forward-looking statements.
The forward-looking statements may not be realized due to a variety of
factors, including: future economic and market conditions; changes in demand
for advances or consolidated obligation; changes in interest rates;
legislative and regulatory changes; the registration process with the SEC;
political, national and world events; and adverse developments or events
affecting or involving other FHLBanks or the FHLBank System in general.
Additional factors that might cause the Bank's results to differ from these
forward-looking statements are contained in the Bank's annual and quarterly
reports, available on the Bank's website at http://www.fhlbatl.com.
SOURCE Federal Home Loan Bank of Atlanta
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Related links:
http://www.fhlbatl.com
Company News On-Call:
http://www.prnewswire.com/comp/149931.html
CONTACT:
Christopher McEntee of Federal Home Loan Bank
of Atlanta, +1-404-888-8158, or cmcentee@fhlbatl.com
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