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FHLBank Indianapolis announces 2023 Board of Directors election results

Retrieved on: 
Friday, October 27, 2023
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INDIANAPOLIS, Oct. 27, 2023 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Indianapolis (“FHLBank Indianapolis” or “Bank”) today announced the results of the election of two independent directors and two Michigan member directors to its Board of Directors (“Board”).

Key Points: 
  • INDIANAPOLIS, Oct. 27, 2023 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Indianapolis (“FHLBank Indianapolis” or “Bank”) today announced the results of the election of two independent directors and two Michigan member directors to its Board of Directors (“Board”).
  • The following individuals were elected to the Board and will each serve four-year terms beginning Jan. 1, 2024.
  • Independent directors are nominated by the Board after consultation with the Bank’s Affordable Housing Advisory Council and the Federal Housing Finance Agency.
  • For more information about FHLBank Indianapolis, visit www.fhlbi.com and follow the Bank on LinkedIn and X (formerly known as Twitter) at @FHLBankIndy.

FHLBank Indianapolis to repurchase up to $200 million in excess stock

Retrieved on: 
Tuesday, August 22, 2023
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INDIANAPOLIS, Aug. 22, 2023 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Indianapolis (“FHLBank Indianapolis” or “Bank”) announced today that it will repurchase, on a voluntary basis and for a limited time, up to $200 million in par value of excess stock from members by Sept. 27, 2023.

Key Points: 
  • INDIANAPOLIS, Aug. 22, 2023 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Indianapolis (“FHLBank Indianapolis” or “Bank”) announced today that it will repurchase, on a voluntary basis and for a limited time, up to $200 million in par value of excess stock from members by Sept. 27, 2023.
  • Should total requests exceed $200 million, excess stock repurchases will be made on a pro-rata basis.
  • Further, management may determine to postpone or cancel the excess stock repurchase for any reason including if management determines the excess stock is needed to support member activity.
  • Accordingly, no member has a right to require the Bank to complete the repurchase of excess stock.

OM Holdings International, Inc. Announces Robust Q3 2023 Results, Reports Unprecedented 29.6% YoY Growth and Unveils Strategy to Utilize Generative AI to Transform E-Commerce in Emerging Markets

Retrieved on: 
Friday, July 21, 2023
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Revenue for Q3 reached $12.43 million, a growth of 29.6% compared to $9.59 million for the same period in 2022.

Key Points: 
  • Revenue for Q3 reached $12.43 million, a growth of 29.6% compared to $9.59 million for the same period in 2022.
  • Despite a drop in net income from $699,664 in Q3 2022 to $357,479 in Q3 2023, OMHI continues to maintain profitability.
  • However, it's important to note that our cost of revenue also increased from $6,693,296 in Q3 2022 to $9,035,977 in Q3 2023.
  • "We are thrilled with our financial performance and the opportunities that lie ahead," said Mark Vanterpool, CEO of OM Holdings International.