Federal Home Loan Bank of Atlanta Announces Retirement of W. Wesley McMullan, President and CEO; Appointment of Kirk Malmberg as President and CEO

ATLANTA, March 31, 2021 (GLOBE NEWSWIRE) – The Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today announced the retirement of W. Wesley McMullan as President and CEO, effective May 27, 2021. Kirk Malmberg has been appointed President and CEO.

McMullan has led the Bank since 2010. Prior to his appointment as President and Chief Executive Officer, he served as Executive Vice President and oversaw asset-liability management, sales and member operations, and management. financial operations. McMullan joined the Bank as a Credit Analyst in 1988.

“We are sincerely grateful for Wes’ 33 years of service and dedication to the Bank and the FHLBank system,” said Rick Whaley, Chairman of the Board of FHLBank Atlanta. “The example of Wes’ long and meaningful career is the epitome of what makes Bank special, and it highlights the advancement opportunities that are possible at FHLBank Atlanta. “

“In times of challenge and prosperity, I am grateful for the opportunity to carry out the Bank’s vital mission of contributing to the success of our shareholders, said McMullan. “It has been the greatest honor to work for FHLBank Atlanta, its shareholders and the communities they serve.”

As the Bank’s leadership transitioned, Malmberg brings 24 years of experience with the FHLBank system, including 19 years with FHLBank Atlanta. He has held senior management positions within the Bank, including as Chief Financial Officer, Chief Credit Officer and, most recently, Executive Vice President and Chief Operating Officer of the Bank.

“We are fortunate to have Kirk as our new President and CEO,” said President Whaley. “Kirk brings a solid track record and in-depth knowledge of the Bank and the FHLBank system which will serve our shareholders well. “

“I am honored to have the opportunity to lead the Bank as President and CEO and to work with our staff to help our members serve their communities,” said Malmberg.

Malmberg will assume the role of President and CEO effective May 28, 2021.

About the Federal Home Loan Bank of Atlanta
FHLBank Atlanta offers competitively priced finance, community development grants, and other banking services to help member financial institutions obtain affordable mortgages and provide economic development credit to neighborhoods and communities. The members of the Bank (its shareholders and customers) are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia and the District of Columbia. . FHLBank Atlanta is one of 11 district banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have provided approximately $ 6.6 billion in Affordable Housing Program funds, helping more than 957,000 households.

For more information, visit our website at www.fhlbatl.com.

CONTACT: Sharon B. Cook
Federal Home Loan Bank of Atlanta

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