All Products & Programs

Advances

With fixed and adjustable rate features, FHLBank Boston’s broad range of advances offers flexible cash flow and payment options to fit members’ business goals.

Mortgage Partnership Finance

The Mortgage Partnership Finance program serves a wide range of secondary market options whether it is enhanced revenue through risk sharing or liquidity by providing ready access to the conventional and government markets.

Housing & Economic Growth

FHLBank Boston members use our suite of housing and community investment programs to expand the stock of affordable housing and promote economic development.

Letters of Credit

Financial institutions use our letters of credit to facilitate residential housing finance and community lending, improve liquidity, and meet a variety of other financing needs.

Correspondent Services

Safekeeping, wire transfer, and other correspondent services from FHLBank Boston help members improve profitability and save time managing their cash positions and securities portfolios.

Online Banking

Offering a user-friendly and intuitive experience, Online Banking enables members to initiate advances, outgoing advance wires, safekeeping trades, letters of credit, and more online.
Strategies & Insights
All Member Resources

Products & Solutions Guide

Review advance product details and information about eligible collateral, collateral evaluation, and borrowing documentation in the Products + Solutions Guide.

Forms & Applications

Find the form or application you need to effectively use our products and programs.

Capital Stock Requirements

Read about FHLBank Boston’s membership stock investment requirements to complete transactions.

Member Directory

See which banks, credit unions, and insurance companies comprise FHLBank Boston’s membership.

Policies

Learn more about how FHLBank Boston manages operational risk and supports the expansion of fair and equitable homeownership opportunities.

Collateral Overview

Before securing an advance, letter of credit, or a line of credit, get more information about pledging collateral and our collateral review process.

June 8, 2026

Board of Directors

The FHLBank Boston board of directors is comprised of professionals with experience in financial services, housing and community development, and real estate within the six New England states. The board includes member directors (a majority), who are nominated and elected by members in each state, and independent directors (at least 40%), who are nominated by the board of directors and elected “at large” by all of our members voting together. Board members are elected to four-year terms.

Board Elections

There are currently eight member directors (three from Massachusetts, and one from each of the other five New England states) and six independent directors. FHLBank Boston expects to retain that composition in 2027.

In 2026, member director elections will be held in New Hampshire (one position) and Vermont (one position), and an independent director election will be held for two positions, one a public interest director position, in each case for a four-year term commencing on January 1, 2027. The nomination period for member director elections, and the application period for independent director elections, will commence on June 8, 2026, and end at 5:00 p.m. on July 10, 2026 (the “deadline”).

Member Director Election: Members in New Hampshire and Vermont wishing to nominate a member director candidate must complete and submit a Certificate of Nomination so that it is received before the deadline. More information about how to nominate a candidate for a member director position in New Hampshire and Vermont is included in the link below (“Nomination, application and eligibility information”) and will also be emailed to member CEOs (or other member contacts) in New Hampshire and Vermont on June 8, 2026.

Independent Director Election: Individuals who are not affiliated with any member and who wish to be considered for nomination to an independent director position should deliver a completed Independent Director Application Form along with a PricewaterhouseCoopers Certification Form to FHLBank Boston so that they are received before the deadline. More information, including eligibility requirements and instructions for submitting the required forms, can be found below (“Nomination, application and eligibility information”).

The board values having a range of backgrounds and perspectives in its membership.

Below are links to some additional information:

Eric Chatman (Chair)

Executive Vice President and Chief Financial Officer
Housing Partnership Network
Boston, Massachusetts

John C. Witherspoon (Vice Chair)

Director
Skowhegan Savings Bank
Kingfield, Maine

Duncan Barnard

Chief Internal Auditor
CLS Bank
New York, New York

Michael A. Brown

Rear Admiral, United States Navy (Ret.)
Retired Cybersecurity Executive
Seabrook, New Hampshire

Caroline R. Carpenter

President and Chief Executive Officer
National Bank of Middlebury
Middlebury, Vermont

Thomas J. Curry

Retired Law Partner and Bank Regulator
Osterville, Massachusetts

M. Susan Elliott

Director
Needham Bank
Needham, Massachusetts

Antoinette C. Lazarus

Vice President – Compliance
Conning
Hartford, Connecticut

Margaret McIsaac

President and Chief Executive Officer
Bluestone Bank
Raynham, Massachusetts

Kevin D. Miller

Chief Operating Officer and Chief Financial Officer
Profile Bank
Rochester, New Hampshire

William M. Parent

Chief Strategy Officer
bankESB
Quincy, Massachusetts

David Rotatori

President and Chief Executive Officer
Ion Bank
Naugatuck, Connecticut

Robert Tourigny

Executive Director
NeighborWorks Southern New Hampshire
Manchester, New Hampshire

Gregg C. Tumeinski

Executive Vice President, Chief Financial Officer
The Beacon Mutual Insurance Company
Warwick, Rhode Island

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