Click here to close now.




















Welcome!

News Feed Item

Jose R. Gonzalez Named President and Chief Executive Officer of the Federal Home Loan Bank of New York

-Alfred A. DelliBovi retires after 21-year career leading the FHLBNY-

NEW YORK, March 20, 2014 /PRNewswire-USNewswire/ -- The Federal Home Loan Bank of New York announced today that José R. González has been named president and chief executive officer of the FHLBNY effective April 1, 2014.  Current president Alfred A. DelliBovi announced his retirement, and submitted his resignation to the Board on March 20, 2014.

"From leading a local member-lender to serving as our Board's vice chairman to his most recent role as the FHLBNY's executive vice president, José is a proven leader at every level of community banking," said Michael M. Horn, chairman of the Bank's Board of Directors.  "José brings a keen understanding of not only the Home Loan Bank, but also the environment in which our members operate.  With José at the helm, the FHLBNY is well-positioned to achieve strong results, grow our business and continue to be a reliable partner for our region's local lenders.  The Board also expresses its deepest gratitude to Al DelliBovi for his two decades of tremendous commitment to our organization and dedication to our membership.  Al helped shape an organization that is the strongest among the Home Loan Banks, as well as a vital supporter of community lending and affordable housing across New Jersey, New York, Puerto Rico and the U.S. Virgin Islands, and his retirement is well-earned."

"I am honored to have the trust of the Board, and excited to take on this new responsibility," said Mr. González.  "The FHLBNY plays an important role in local lending, one I have experienced from both sides.  I look forward to working with the Board, our members and the talented staff at the FHLBNY to continue our mission of advancing housing opportunities.  I am especially honored to assume the position of president of the FHLBNY because of the legacy of my predecessor, Al DelliBovi.  Over the past 21 years, Al has led a team that has grown our advances tenfold, increased our assets by more than $100 billion, and developed community-focused housing initiatives that have created homes for thousands of families.  He is a true community banker, and the FHLBNY is all the stronger for his leadership."

"The FHLBNY will thrive under José's leadership," said Mr. DelliBovi.  "His integrity, his knowledge of the banking and regulatory environments and his deep understanding of the partnership between the Home Loan Bank and our membership will strengthen our cooperative for years to come.  It has been the greatest honor of my career to lead the FHLBNY, and I look forward to watching it grow under José's direction.  Though I will no longer be a member of the FHLBNY, I remain a member of the community, and I know that the community has a strong partner in the Home Loan Bank."

Mr. González served as vice chairman of the Board of Directors of the FHLBNY from 2008 through 2013, as the chair of the Compensation and Human Resources Committee in 2008, and has served as an elected industry director since 2004.  Prior to joining the FHLBNY, he served as senior executive vice president, Banking & Corporate Development for OFG Bancorp (formerly Oriental Financial Group, Inc.).  Mr. González is a former member of the Board of Directors of Santander BanCorp ("Santander"), a bank holding company, since 2000.  From 2002 to 2008, he was vice chairman of the Board, president and CEO of Santander.  After joining Santander in 1996 as president and CEO of its securities broker dealer, Mr. González was named senior executive vice president and chief financial officer of the holding company in 2001.

Mr. González began his career in banking in the early 1980s as vice president, Investment Banking, for Credit Suisse First Boston ("CSFB") and, from 1989 through 1995, served as president and CEO of CSFB's Puerto Rico operations.  He served as president and CEO of the Government Development Bank for Puerto Rico, a government instrumentality that acts as the Commonwealth's fiscal agent, from 1986 to 1989.  He is a past president of both the Puerto Rico Bankers Association and the Securities Industry Association of Puerto Rico.  Mr. González has a B.A. in Economics from Yale University and an M.B.A. and Juris Doctor from Harvard University.

Alfred A. DelliBovi joined the FHLBNY as president and chief executive officer in November 1992.  Mr. DelliBovi has earned national recognition as an authority on banking, the lending industry, housing, and public finance.  In December 2011, he was named to the Housing Commission of the Bipartisan Policy Center in Washington, D.C.  He is a Board Member of the Regional Plan Association and of the Pentegra Defined Benefit Plan for Financial Institutions and Vice Chair of the Board of Pentegra Defined Contribution Plan for Financial Institutions.  Previously, Mr. DelliBovi served as Deputy Secretary of the U.S. Department of Housing and Urban Development, from 1989 until 1992.  In May 1992, President Bush appointed Mr. DelliBovi Co-Chairman of the Presidential Task Force on Recovery in Los Angeles.  Mr. DelliBovi served as a senior official at the U.S. Department of Transportation in the Reagan Administration.  Mr. DelliBovi was elected to four terms in the New York State Assembly.

Federal Home Loan Bank of New York
The Federal Home Loan Bank of New York is a Congressionally chartered, wholesale Bank.  It is part of the Federal Home Loan Bank System, a national wholesale banking network of 12 regional, stockholder-owned banks.  The FHLB of New York currently serves more than 340 financial institutions in New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands.  The Federal Home Loan Banks support the efforts of local members to help provide financing for America's homebuyers.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This report contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. These statements may use forward-looking terms, such as "projected," "expects," "may," or their negatives or other variations on these terms. The Bank cautions that, by their nature, forward-looking statements involve risk or uncertainty and that actual results could differ materially from those expressed or implied in these forward-looking statements or could affect the extent to which a particular objective, projection, estimate, or prediction is realized. These forward-looking statements involve risks and uncertainties including, but not limited to, regulatory and accounting rule adjustments or requirements, changes in interest rates, changes in projected business volumes, changes in prepayment speeds on mortgage assets, the cost of our funding, changes in our membership profile, the withdrawal of one or more large members, competitive pressures, shifts in demand for our products, and general economic conditions. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.

CONTACT: Eric Amig
(212) 441-6807
Brian Finnegan
(212) 441-6877

SOURCE Federal Home Loan Bank of New York

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Containers are not new, but renewed commitments to performance, flexibility, and agility have propelled them to the top of the agenda today. By working without the need for virtualization and its overhead, containers are seen as the perfect way to deploy apps and services across multiple clouds. Containers can handle anything from file types to operating systems and services, including microservices. What are microservices? Unlike what the name implies, microservices are not necessarily small,...
The Internet of Things is in the early stages of mainstream deployment but it promises to unlock value and rapidly transform how organizations manage, operationalize, and monetize their assets. IoT is a complex structure of hardware, sensors, applications, analytics and devices that need to be able to communicate geographically and across all functions. Once the data is collected from numerous endpoints, the challenge then becomes converting it into actionable insight.
Red Hat is investing in Tesora, the number one contributor to OpenStack Trove Database as a Service (DBaaS) also ranked among the top 20 companies contributing to OpenStack overall. Tesora, the company bringing OpenStack Trove Database as a Service (DBaaS) to the enterprise, has announced that Red Hat and others have invested in the company as a part of Tesora's latest funding round. The funding agreement expands on the ongoing collaboration between Tesora and Red Hat, which dates back to Febr...
ElasticBox, the agile application delivery manager, announced freely available public boxes for the DevOps community. ElasticBox works with enterprises to help them deploy any application to any cloud. Public boxes are curated reference boxes that represent some of the most popular applications and tools for orchestrating deployments at scale. Boxes are an adaptive way to represent reusable infrastructure as components of code. Boxes contain scripts, variables, and metadata to automate proces...
Enterprises can achieve rigorous IT security as well as improved DevOps practices and Cloud economics by taking a new, cloud-native approach to application delivery. Because the attack surface for cloud applications is dramatically different than for highly controlled data centers, a disciplined and multi-layered approach that spans all of your processes, staff, vendors and technologies is required. This may sound expensive and time consuming to achieve as you plan how to move selected applicati...
In their Live Hack” presentation at 17th Cloud Expo, Stephen Coty and Paul Fletcher, Chief Security Evangelists at Alert Logic, will provide the audience with a chance to see a live demonstration of the common tools cyber attackers use to attack cloud and traditional IT systems. This “Live Hack” uses open source attack tools that are free and available for download by anybody. Attendees will learn where to find and how to operate these tools for the purpose of testing their own IT infrastructu...
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, will introduce the technologies required for implementing thes...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading in...
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
The 3rd International WebRTC Summit, to be held Nov. 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 15th International Cloud Expo, 6th International Big Data Expo, 3rd International DevOps Summit and 2nd Internet of @ThingsExpo. WebRTC (Web-based Real-Time Com...
Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is designed for their business. In 2015, organizations such as United Airlines, Sony...
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes ab...
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding bu...
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the ...
SYS-CON Events announced today that the "Second Containers & Microservices Expo" will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.