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FEDERAL HOME LOAN BANK OF PITTSBURGH ELECTS MCCARTHY TO ITS BOARD OF DIRECTORS

 FEDERAL HOME LOAN BANK OF PITTSBURGH ELECTS MCCARTHY
 TO ITS BOARD OF DIRECTORS
 PITTSBURGH, June 22 /PRNewswire/ -- The Federal Home Loan Bank of Pittsburgh announced today that Robert J. McCarthy Jr., has been elected to its board of directors.
 The bank's 14-member board consists of eight industry directors and six public interest directors. McCarthy will serve as an industry director.
 McCarthy is president and chief executive officer of Parkvale Savings Bank PaSa, in Monroeville, Pa. Parkvale has assets of $925 million and 26 branches in the Pittsburgh area.
 Federal Home Loan Bank President James D. Roy said, "Bob McCarthy brings a vast wealth of financial management experience to our board of directors. He will be a welcome addition to the board and we look forward to working with him."
 Federal Home Loan Bank of Pittsburgh is part of the Federal Home Loan Bank System, a national network of 12 regional, stockholder-owned banks created by the U.S. Congress in 1932 to promote home finance. The bank's economical funding and correspondent operating services are available to its financial institution stockholders, including thrifts, banks, credit unions and insurance companies. At March 31, 1992, the bank had assets of $9.1 billion and 258 stockholders.
 /delval/
 -0- 6/22/92
 /CONTACT: Rosemary A. Abendroth of Federal Home Loan Bank of Pittsburgh, 412-288-2830/ CO: Federal Home Loan Bank of Pittsburgh ST: Pennsylvania IN: FIN SU: PER


CD-AL -- PG009 -- 2428 06/22/92 13:15 EDT
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Publication:PR Newswire
Date:Jun 22, 1992
Words:241
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