The Federal Home Loan Bank of Pittsburgh (FHLBank) recently named David G. Paulson as its next president and CEO, effective Dec. 31.
Paulson, the current chief operation officer, replaces Winthrop Watson who will be retiring.
“We are pleased to have Dave as our incoming president and chief executive officer,” Brendan J. McGill, FHLBank’s board chairman, said. “His knowledge of FHLBank Pittsburgh and the FHLBank System will serve our members well.”
Paulson became COO in 2020. He has worked for FHLBank since 2010, and previously was managing director of capital markets in 2012 and chief financial officer in 2013. He has worked closely with Watson to help to strengthen FHLBank’s balance sheet, capital position, community investment impact, risk management, and talent pipeline.
Paulson has more than 30 years of financial services and banking experience.
Watson joined FHLBank in 2009 as chief operating officer and has been president and CEO since 2011. He also has 25 years of experience with J.P. Morgan.
During his tenure, Watson led the company through the fallout of the 2008 financial crisis, the staffing and fiscal volatility caused by the COVID-19 pandemic, and the March 2023 banking crisis.
FHLBank Pittsburgh operates commercial and savings banks, community development financial institutions, credit unions and insurance companies in Delaware, Pennsylvania and West Virginia.