Russell J. Lau, John A. Klebba and Steven L. Bumann Declared Elected to FHLB Des Moines Board of Directors
last updated on Tuesday, August 17, 2021 in Community News
The Federal Home Loan Bank of Des Moines (FHLB Des Moines or Bank) is pleased to announce that Russell J. Lau, John A. Klebba and Steven L. Bumann were recently declared elected to the Bank's board of directors. Mr. Lau will serve as the Hawaii member director, Mr. Klebba will serve as the Missouri member director and Mr. Bumann will serve as the South Dakota member director, each serving a four-year term commencing January 1, 2022.
Mr. Lau has served as CEO of Finance Factors, Ltd. in Honolulu, HI since 1998, and currently is the Chairman. He has also served as President and CEO of Finance Enterprises, Ltd., the parent company of Finance Factors since 2004. Further, in connection with his service with Financial Enterprises, Mr. Lau holds the position of chair and CEO of Finance Insurance, Ltd., a Hawaiian independent insurance agency. He previously served three terms as an FHLBank director, with his most recent term expiring in 2017.
Mr. Klebba has served as CEO and Chairman of Legends Bank in Linn, Missouri, since 1991. He is the third generation of his family to lead the bank. Mr. Klebba has been a member of the FHLB Des Moines board since 2018.
Mr. Bumann has served as the CFO of BankWest, Inc., in Pierre, SD, since 1995 and has 37 years of banking experience and leadership in the industry. Mr. Bumann has been a member of the FHLB Des Moines board since 2015.
FHLB Des Moines board of directors is comprised of both member and independent directorships from Alaska, Hawaii, Idaho, Iowa, Minnesota, Missouri, Montana, North Dakota, Oregon, South Dakota, Utah, Washington, Wyoming, the U.S. Pacific territories of American Samoa and Guam and the Commonwealth of the Northern Mariana Islands.
For a full listing of the current FHLB Des Moines board of directors, please click here.
- Board of Directors