Federal Home Loan Bank of New York Announces New Jersey Board Elections

What Happened

• The Federal Home Loan Bank of New York (FHLBNY) filed an 8-K on September 18, 2026, announcing that two nominees—Anthony Labozzetta (President & CEO, Provident Bank) and Ira Robbins (Chairman & CEO, Valley National Bank)—were deemed elected as New Jersey Member Directors under FHFA rules.
• Their terms begin January 1, 2027: Mr. Robbins will serve a four‑year term ending December 31, 2030; Mr. Labozzetta will serve a one‑year term ending December 31, 2027. Mr. Robbins currently serves on the Board and his current term expires December 31, 2026.

Key Details

• Election method: Both were the only candidates to accept nominations and were deemed elected pursuant to Federal Housing Finance Agency regulations.
• Committee assignments for 2027 have not yet been determined for Mr. Robbins, Mr. Labozzetta, or other directors.
• Director compensation for 2027 is expected to follow a 2027 Director Compensation Plan that will be finalized and disclosed later in an appropriate SEC filing.
• The Bank reminded members that ballots for two Districtwide Independent Director seats (terms Jan 1, 2027–Dec 31, 2030) will be distributed to eligible members in October 2026.
• The Bank attached a September 2026 Director Election Report as Exhibit 99.1 to the filing.

Why It Matters

• Board composition affects oversight of the Bank’s strategy, risk, and governance; re‑electing an incumbent (Robbins) preserves continuity on committees where he currently serves.
• The one‑year term for Mr. Labozzetta and the pending Director Compensation Plan are concrete items investors and members should note for near‑term governance and compensation expectations.
• Members should watch the upcoming October 2026 ballot for districtwide independent director seats, which will fill additional board positions for the 2027–2030 term.