# Federal Home Loan Bank of New York — management_change/board [announced]
Source: SEC API (secapi.ai) · situation sit_6054ee37b0d75242a889 · retrieved 2026-08-11T16:12:43.119Z

## Overview
Federal Home Loan Bank of New York is a federally chartered corporation that serves as a member-owned cooperative providing liquidity and credit services to member financial institutions.

On July 20, 2026, Northfield Bank, a Federal Home Loan Bank of New York (FHLBNY) member, merged with and into Columbia Bank, a FHLBNY New Jersey member. As a result of the merger, Northfield Bank ceased to be a member of the FHLBNY. Steven M. Klein, who served as a FHLBNY Member Director in his capacity as Chairman, President and Chief Executive Officer of Northfield Bank, resigned from the FHLBNY's Board of Directors effective as of the close of business on July 20, 2026, because he no longer qualified to serve as a Member Director following the merger.

## Terms
- Counterparty: Columbia Bank

## Key dates
- Announced 2026-07-24

## Timeline
- 2026-07-24 · 8-K (0001654954-26-006859): 8-K - Federal Home Loan Bank of New York — *Federal Home Loan Bank of New York is a federally chartered corporation that serves as a member-owned cooperative providing liquidity and credit services to member financial institutions.* On July 20, 2026, Northfield Bank, a Federal Home Loan Bank of New York (FHLBNY) member, merged with and into Columbia Bank, a FHLBNY New Jersey member. As a result of the merger, Northfield Bank ceased to be a member of the FHLBNY. Steven M. Klein, who served as a FHLBNY Member Director in his capacity as Chairman, President and Chief Executive Officer of Northfield Bank, resigned from the FHLBNY's Board of Directors effective as of the close of business on July 20, 2026, because he no longer qualified to serve as a Member Director following the merger.
  https://www.sec.gov/Archives/edgar/data/1329842/0001654954-26-006859.txt

## Citations
- 0001654954-26-006859 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000165495426006859