Bank / Credit Union

Federal Home Loan Bank of Pittsburgh CEO to retire

June 28, 2024

The Federal Home Loan Bank of Pittsburgh announced that Winthrop Watson will retire as president and CEO effective Dec. 31. David G. Paulson, current COO will take over as president and CEO, according to a press release.

Watson first joined FHLBank in 2011 as COO in 2009. Prior to that, he spent 25 years at JP Morgan, according to the release.

"We are sincerely grateful for Winthrop's leadership," Brendan J. McGill, chair of the FHLBank's Board, and president and CEO of Harleysville Bank, said in the release. "Winthrop has been a strong advocate for our members as well as our programs to support for affordable housing and economic development. He has built a legacy of service, reliability, innovation and trust."

"I'm humbled by the opportunity to lead FHLBank as President and CEO," Paulson said in the release. "As I take on this new role, I'm looking forward to continuing our member-service, community-based approach."