Federal Home Loan Bank of New York: CEO resigns, interim named

What happened

• The filing says Randolph C. Snook resigned as president and chief executive officer of the Federal Home Loan Bank of New York effective Oct 20, 2026, and will serve as a senior advisor through Dec 31, 2026 to assist in the leadership transition.
• The filing says the board named Jonathan West, age 69, as interim president and CEO effective Oct 20, 2026. The filing says Mr. West joined the Bank in May 2015 as Senior Vice President - Chief Legal Officer and had served as Chief of Staff/Senior Advisor since Feb 2026.

Key details

• The board has initiated a process to identify a permanent replacement for Mr. Snook.
• The Bank intends, subject to Federal Housing Finance Agency approval, to provide Mr. Snook with certain compensation and benefits under a Separation and Release Agreement; the material terms have not yet been approved by the FHFA.
• The filing says Mr. West has no direct or indirect material interest in any transaction required to be disclosed under Item 404(a) of Regulation S-K, no family relationships with the Bank’s directors or executive officers, and no arrangements or understandings regarding his selection.
• The filing furnishes a news release under Item 7.01 as Exhibit 99.1.

Why it may matter

• This 8-K reports Item 5.02 (departure of directors or certain officers; election of directors), which covers Mr. Snook’s resignation and Mr. West’s appointment, and Item 7.01 (Regulation FD disclosure), which covers the public release of the information. A filing does not show why the insider traded or why the company acted.