Federal Home Loan Bank Cincinnati

The Federal Home Loan Bank of Cincinnati’s Board of Directors announced the results of the FHLBank’s 2013 director elections. Members elected were two directors from Kentucky and one from Ohio, as well as an at-large Public Interest Independent director.
Each director will serve a four-year term beginning Jan. 1.
Elected from Kentucky to serve their first terms on the board were Greg W. Caudill and David E. Sartore. Caudill is president and CEO of Farmers National Bank in Danville. He attended Transylvania University and graduated from the University of Kentucky. He is also a graduate of the Kentucky School of Banking and the Graduate School of Banking at Louisiana State University, where he is currently a member of the Board of Trustees.

Greg Caudill (Photo provided)

Caudill is a member of the Centre College Board of Trustees where he chairs the Audit Committee. Additionally, he serves as Vice Chair of the Boyle Co. Industrial Foundation and is a board member of Bluegrass Tomorrow, a regional planning organization. He and his wife Melissa have been married 32 years and have three children.
Sartore is senior vice president and chief financial officer for Ohio Valley Financial Group in Henderson. He is a graduate of the University of Southern Indiana and the BAI School of Bank Operations. He began his professional career as a CPA at Geo. Olive & Co. in Evansville, Ind., serving a wide range of clients with an emphasis in financial institutions located in Western Kentucky and Southern Indiana.
Sartore joined Ohio Valley in 1992 as controller and was soon appointed to his current position. He and his family live in Henderson.
Re-elected to his third term on the board from Ohio is William J. Small, chairman of First Federal Bank of the Midwest in Defiance, Ohio, and chairman, president and CEO of the holding company, First Defiance Financial Corp. Small was elected to his first term on the FHLBank’s Board of Directors in 2006.
Grady Appleton, executive director of the Eask Akron Neighborhood Development Corporation in Ohio, was re-elected to a third term as Public Interest Director.

FHLBank is a $96 billion congressionally-chartered wholesale regional bank providing financial services for residential housing and economic development to 732 member financial institutions located in Kentucky, Ohio and Tennessee.


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RE agents were main players in housing fraud

2012-01-08 14:39:21 by irvinerealtor

CINCINNATI — An Ohio real estate agent has pleaded guilty to submitting false loan applications to obtain $6.9 million from lending institutions in a mortgage fraud scheme.
Forty-four-year-old Rodney Riddle pleaded guilty Thursday in federal court in Cincinnati to single counts of wire fraud and bank fraud
Authorities say Riddle encouraged clients to buy homes at prices they could not afford and submitted loan applications for them that contained false statements about their assets.
Prosecutors say Riddle also fraudulently created bank statements to support the false loan applications

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