Stephen Panepinto, chairman, president and CEO of Louisiana-based Plaquemine Bank and Trust Co., was recently elected to the Federal Home Loan Bank of Dallas (FHLB Dallas) board of directors. He will serve a four-year term representing Louisiana financial institutions, community development organizations and insurance companies, which are members of the FHLB Dallas.
The FHLB Dallas district serves New Mexico, Texas, Louisiana, Arkansas and Mississippi members. The Federal Home Loan Bank System was created by Congress and signed into law in 1932 to provide affordable and flexible sources of funding for some 7,000 financial institutions. The FHLB Dallas is one of these 11 banks.
“I am honored to serve in this capacity and look forward to assisting fellow members with products and services offered by the Federal Home Loan Bank System,” Panepinto says.
Plaquemine Bank and Trust Co. is a locally owned and operated full-service financial institution established in 1968.