Federal Home Loan Bank of Topeka
11/25/2024 | Press release | Distributed by Public on 11/25/2024 15:47
Management Change/Compensation Form 8 K
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 22, 2024, FHLBank appointed Philip Bacchus as Principal Financial Officer of the Federal Home Loan Bank of Topeka ("FHLBank"), effective December 1, 2024. As of Mr. Bacchus' appointment, Amy Crouch, FHLBank's Chief Accounting Officer, will no longer serve as FHLBank's Interim Principal Financial Officer.
Mr. Bacchus, age 44, currently serves as FHLBank's Senior Vice President and Chief Financial Officer. Mr. Bacchus is responsible for overseeing FHLBank's Finance Division, which includes accounting and capital markets. Prior to joining FHLBank in August 2024, Mr. Bacchus served as Senior Vice President and Treasurer at American Savings Bank, Honolulu, Hawaii, a position he held since 2019.
There were no changes to Mr. Bacchus' compensation arrangements associated with his appointment as Principal Financial Officer.
Since January 1, 2023, except for compensation payable to Mr. Bacchus in his capacity as an officer and employee of FHLBank, FHLBank has not engaged in any transactions with Mr. Bacchus or any members of his immediate family that require disclosure under applicable rules and regulations. There are no family relationships between Mr. Bacchus and any of FHLBank's directors or executive officers, and there are no arrangements or understandings between Mr. Bacchus and any other person pursuant to which he was selected as Principal Financial Officer of FHLBank.
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