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BOSTON — Connecticut attorney Jay Malcynsky has been
appointed to the board of directors of the Federal Home Loan
Bank of Boston (the Bank). Mr. Malcynsky will fill the remainder
of a three-year term that began on January 1, 2006.
Mr. Malcynsky serves as president and managing partner of
the law firm Gaffney, Bennett and Associates in New Britain,
Connecticut. The firm specializes in government and administrative
law. He previously served as a director of the Bank from
2002 to 2004.
Mr. Malcynsky holds a B.A. from Fairfield University and
a J.D. from the University of Bridgeport School of Law. He
is active in community affairs, currently serving on the
board of directors of Connecticut Legal Services, the University
of Connecticut Foundation, as corporator of New Britain General
Hospital, secretary of the Chester Bar Association, and on
the dean’s advisory council of Quinnipiac University
Law School.
Mr. Malcynsky was one of six individuals named to appointed
director vacancies on the Bank’s board of directors by
the Federal Housing Finance Board, regulator of the Federal
Home Loan Banks. He was selected from a slate of candidates
submitted by the Bank’s board of directors.
The Federal Home Loan Bank of Boston
is a cooperatively owned wholesale bank for the six New England
states. Its mission is to support the residential-mortgage
and community-development lending activities of its members,
which include over 460 financial institutions across New
England. To accomplish its mission, the Bank utilizes private-sector
capital to provide members and other qualified customers
with reliable access to low-cost wholesale funds, liquidity,
a competitive outlet for the sale of loans, special lending
programs, technical assistance, and other products and services.
For more information, see the Bank's backgrounder.
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