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Columbia Bank’s President and CEO, Thomas J. Kemly, Elected to the Federal Home Loan Bank of New York’s (FHLBNY) Board of Directors

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The Federal Home Loan Bank of New York has elected Thomas J. Kemly to its Board of Directors for a four-year term starting January 1, 2021. Kemly, who is also the President and CEO of Columbia Bank, emphasizes the Bank's role in providing economical wholesale credit to enhance housing opportunities and stimulate community development. With nearly 40 years of banking experience, Kemly has held numerous leadership roles in various banking organizations, showcasing his expertise in the financial sector.

Positive
  • Thomas J. Kemly's extensive banking experience may enhance the Board's effectiveness.
  • His election could strengthen the relationship between Columbia Bank and the Federal Home Loan Bank.
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  • None.

FAIR LAWN, N.J., Dec. 07, 2020 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of New York (FHLBNY) recently announced that its members have elected Thomas J. Kemly to the Board of Directors. Mr. Kemly will serve a four year term commencing on January 1, 2021.

"The Federal Home Loan Bank of New York plays a critical role in providing member banks access to economical wholesale credit,” said Thomas J. Kemly, President and CEO of Columbia Bank. “By providing such services, the Federal Home Loan Bank is able to advance housing opportunities for families of all incomes and accelerate local community development. I look forward to contributing to this mission during my term.”

With nearly 40 years of experience, Mr. Kemly has been an active and influential figure in banking. He has held several leadership positions including Chairman and Board Member of the New Jersey Bankers Association, Board Member of the Bankers Cooperative Group, President of the Financial Managers Society for the New York and New Jersey Chapter, and was a member of the OCC Mutual Savings Association Advisory Committee. He presently serves as President of Northern New Jersey Community Bankers, as Immediate Former Chairman of the New Jersey Bankers Board of Directors, as Board Member of the New Jersey Bankers Charitable Foundation and as Board Member for the Commerce and Industry Association of New Jersey.

About Columbia Bank

Headquartered in Fair Lawn, NJ, Columbia Bank has an asset base of more than $8.2 billion and 62 full-service offices throughout New Jersey. Columbia offers a wide range of consumer and commercial products, including online and mobile banking, localized lending centers as well as title, investment and wealth management services. For more information about Columbia Bank's full line of products and services, visit their website at columbiabankonline.com. 

CONTACT:
Tony Rose
First Senior Vice President
Marketing Director
(201) 794-5828

 


FAQ

Who has been elected to the Federal Home Loan Bank of New York Board?

Thomas J. Kemly has been elected to the Board of Directors of the Federal Home Loan Bank of New York.

What is the term length for Thomas J. Kemly on the Board?

Thomas J. Kemly will serve a four-year term starting January 1, 2021.

What role does Thomas J. Kemly currently hold?

He is the President and CEO of Columbia Bank.

What experience does Thomas J. Kemly bring to the Board?

Kemly has nearly 40 years of experience in banking and has held several leadership positions.

How does the Federal Home Loan Bank of New York assist its members?

It provides member banks access to economical wholesale credit to support housing opportunities and community development.

Columbia Financial, Inc.

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Banks - Regional
Savings Institution, Federally Chartered
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United States of America
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