DANVILLE, Ky. – (Oct. 23, 2017) – Greg Caudill, chief executive officer of Farmers National Bank, Danville, has been re-elected to the Federal Home Loan Bank of Cincinnati board of directors. The board ratified the election results at its September meeting. He will be serving a four-year term commencing Jan. 1, 2018 and ending Dec. 31, 2021.
The Federal Home Loan Bank of Cincinnati is part of the Federal Home Loan Bank System created by Congress in 1932. It is a national network of 11 Federal Home Loan Banks and more than 8,000 member financial institutions. Each of the district banks is an independently managed cooperative with its own board of directors. The board is comprised of 18 members, 10 of whom are elected by their peers, including 2 from Kentucky. One hundred fifty-five banks across Kentucky participated in this election.
Farmers National Bank, a community owned bank since 1879, has banking facilities in Danville, Burgin, Harrodsburg, Junction City, Lancaster, Perryville and Stanford.