The Federal Home Loan Bank of Pittsburgh (FHLBank) recently named David G. Paulson as its next president and CEO, effective Dec. 31 upon the retirement of current president and CEO Winthrop Watson.
Paulson is the current chief operation officer.
“We are sincerely grateful for Winthrop’s leadership,” Brendan J. McGill, FHLBank’s board chairman, said. “Winthrop has been a strong advocate for our members as well as our programs to support affordable housing and economic development. He has built a legacy of service, reliability, innovation and trust.”
Watson joined FHLBank in 2009 as chief operating officer and has been president and CEO since 2011. He also has 25 years of experience with J.P. Morgan.
During his tenure, Watson led the company through the fallout of the 2008 financial crisis, the staffing and fiscal volatility caused by the COVID-19 pandemic, and the March 2023 banking crisis. The company generated record earnings and community investment funding for its member cooperative.
Watson was Bank President’s Conference chairman twice, the Pentegra Multi-Employer Defined Benefit Pension Plan chairman, and the Governance Committee of the Federal Home Loan Banks Office of Finance chairman.
Paulson has more than 30 years of financial services and banking experience.
FHLBank Pittsburgh operates commercial and savings banks, community development financial institutions, credit unions and insurance companies in Delaware, Pennsylvania, and West Virginia.