The Federal Home Loan Bank of Pittsburgh (FHLBank) recently named David G. Paulson as its next president and CEO, effective Oct. 1.
Paulson, the company’s current chief operating officer, will replace Winthrop Watson who retires on Dec. 31.
Paulson has worked at FHLBank since 2010 and has been COO since 2020.
As COO, Paulson has managed FHLBank’s balance sheet, capital position, community investment impact, and talent pipeline. He works closely with Watson to advance FHLBank’s mission.
“Dave and I have worked closely through his 14 years of FHLBank service across increasing levels of responsibilities,” Watson said. “The president and CEO transition has been going well, and I’m excited for the future of the cooperative under his leadership.”
Watson will become executive senior advisor.
FHLBank Pittsburgh provides funding and liquidity to its member financial institutions in Pennsylvania, Delaware, and West Virginia. Members include community development financial institutions, commercial and savings banks, credit unions, and insurance companies.
FHLBank Pittsburgh is part of the 11 bank Federal Home Loan Bank System and serves as a reliable source of funds for housing, jobs and growth in all economic cycles. The Federal Home Loan Bank System was established by Congress in 1932.