PITTSBURGH – June 11, 2013 – (RealEstateRama) — The Federal Home Loan Bank of Pittsburgh (FHLBank) is pleased to announce that Board member Patrick A. Bond of Charleston, W.Va., is the first West Virginian to become a National Association of Corporate Directors (NACD) Fellow, the highest level of credentialing for corporate directors and corporate governance professionals.
As an NACD Fellow, Bond has demonstrated his knowledge of the leading trends and practices that define exemplary corporate governance today, and has committed to developing professional insights through a sophisticated course of ongoing study. Candidates for NACD’s Fellowship Program complete a strong foundation course, which focuses on topical matters and committee-specific issues, followed by additional NACD education within a 12-month period. NACD Fellows renew their status every year, maintaining and advancing their knowledge with continuous learning and peer-led collaboration.
“I am honored to join the distinguished group of individuals who make up NACD’s Fellowship program. These are individuals who have committed to advancing the highest standards of boardroom leadership,” said Bond. “The resources, insights and connections I’ve made through NACD’s Fellowship program will be key assets to the companies I serve, as well as to my professional growth as a director.”
NACD’s Fellows serve on boards at some of the largest and most diverse corporations in the world and provide a snapshot of the caliber of corporate directors engaged in continuous learning with NACD.
“Our fellows help advance the highest standards for those who serve in the boardroom, strengthening our businesses and driving director professionalism,” said Ken Daly, president and CEO of NACD. “The impact of this program is unmatched, and they should be commended for their ongoing commitment to their own professional development.”
Bond is a Founding General Partner of Mountaineer Capital, LP. He has served on FHLBank’s Board since 2007 and was recently elected to an additional four-year term. He also serves or has served on the boards of Mountaineer’s portfolio companies: Vested Health, Aero Corporation, JBLCo, Troy and Vandalia Research, Inc. In the governance of these companies, Bond has served as an active advisor to senior management, bringing a breadth of engineering and financial services expertise in the areas of strategy, finance, technology and operations.
In addition to his corporate board service, Bond also currently chairs the Charleston Area Alliance, West Virginia’s largest community and economic development organization, and is a member of the board of the West Virginia Symphony Orchestra and Mid-Atlantic Technology Research and Innovation Center.
The National Association of Corporate Directors (NACD) is the only membership organization focused exclusively on advancing exemplary board leadership. Based on 35 years of experience, NACD identifies, interprets and provides insights and information that corporate board members rely upon to apply their wisdom and knowledge to make sound strategic decisions and confidently confront complex business challenges and enhance shareowner value. With more than 11,500 corporate director members, NACD provides world-class director education, director training and proprietary research about leading boardroom and corporate governance practices to promote director professionalism and bolster investor confidence.
About FHLBank Pittsburgh
FHLBank Pittsburgh is a wholesale bank that serves the housing finance and community and economic development needs of its owner-members. FHLBank Pittsburgh provides reliable access to low-cost funds, competitive pricing in the purchase of mortgage loans, correspondent banking, technical assistance, affordable housing grants and other programs so members can better serve their own communities. FHLBank Pittsburgh is privately capitalized and funded and does not use taxpayer dollars. At March 31, 2013, it had 293 members in its district of Delaware, Pennsylvania and West Virginia and approximately $60 billion in assets. FHLBank Pittsburgh is one of twelve Banks in the Federal Home Loan Bank System, established by Congress in 1932 to support the residential mortgage and community development activities of local financial institutions.
Terri McKay, FHLBank Pittsburgh, 412-288-2830,