# Federal Home Loan Bank of Indianapolis Hires Patricia Herndon as Government Relations Officer > Patricia Herndon joins FHLBank Indianapolis on November 16 as Government Relations Officer after more than 15 years at the Michigan Bankers Association. - Published: 2026-11-05T23:02:12+00:00 - Section: Leadership - Author: News Desk - URL: https://newsforagent.com/news/2026-11-05/fhlbank-indianapolis-patricia-herndon-government-relations - Source: [GlobeNewswire](https://www.globenewswire.com/news-release/2026/11/05/3397238/4574/en/federal-home-loan-bank-of-indianapolis-hires-patricia-herndon-as-government-relations-officer.html) ## Key takeaways - Patricia Herndon starts as Government Relations Officer at FHLBank Indianapolis on November 16, 2026. - Herndon was EVP and chief policy officer at the Michigan Bankers Association and joined the trade group in 2011. - President and CEO Brendan McGrath said Herndon's advocacy and policy experience will be key to advancing the Bank's mission. The [Federal Home Loan Bank of Indianapolis](https://akta.pro/company-profiles/0005xuw/federal-home-loan-bank-of-indianapolis) hired Patricia Herndon as Government Relations Officer, effective November 16, 2026. Herndon was executive vice president and chief policy officer at the Michigan Bankers Association. [GlobeNewswire](https://www.globenewswire.com/news-release/2026/11/05/3397238/4574/en/federal-home-loan-bank-of-indianapolis-hires-patricia-herndon-as-government-relations-officer.html) announced the hire on November 5. ## Herndon's Role Across Indiana and Michigan Herndon will head the Bank's government relations function after more than 15 years in key positions at the Michigan banking trade group. As Government Relations Officer, she will work to expand the Bank's mission of providing reliable liquidity and supporting affordable housing and community development by elevating its political footprint across its two-state district of Indiana and Michigan. The role also covers strengthening relationships with congressional members and key policy thought leaders in Washington, D.C. Herndon joined the Michigan Bankers Association in 2011 as advocacy director, then became SVP for government relations in 2026 before being promoted to EVP and chief policy officer in 2019. Before joining the trade group, she was the state government affairs specialist for State Farm Insurance. Herndon also worked as an intern for former Michigan Attorney General Frank Kelly and in the Michigan House of Representatives for Ken Sikkema. "Patricia brings strong leadership and decades of advocacy and policy experience to the table," President and CEO Brendan McGrath said. "That will be key as we look to advance our mission and the important role our organization plays in the economic stability of Indiana and Michigan." Herndon, who will be based in Michigan, said the Bank's support for financial institutions and housing across Michigan and Indiana is deeply meaningful to her. "I look forward to the opportunity to share this with policymakers to create a better understanding and elevate the work being done across the Bank's district," she said. ## FHLBank Indianapolis' Housing Programs According to akta.pro [company records](https://akta.pro/company-data), the Bank launched the Housing Supply Rate Buydown Advance in July 2026 with a $6 million allocation, allowing members to borrow at subsidized rates for affordable housing development projects. In January 2026 it expanded the Mortgage Purchase Program to purchase USDA loans, broadening the secondary market product set to support affordable housing in Indiana and Michigan. The same records show a January 2026 partnership with Mercantile Bank to award $2.2 million in Affordable Housing Program grants to three nonprofit organizations in West Michigan. ## Board Election and Quarterly Results On October 28, 2026, the Bank announced its 2026 board election results, naming Ryan Warner, William Hufnagel and Kathryn Dominguez as the Indiana, Michigan and independent directors, respectively, [Business & Financial](https://akta.pro/news-signals) reported. The Bank declared third quarter 2026 dividends at annualized rates of 9.25% and 4.00% for Class B-2 and B-1 stock, payable October 28, 2026, with net income of $78 million for the quarter, down $9 million year-over-year, and total assets at $86.1 billion, GlobeNewswire reported on October 27. On July 28, 2026, the Bank declared second quarter dividends at annualized rates of 9.50% for activity-based stock and 4.00% for non-activity-based stock, payable July 29, 2026, GlobeNewswire reported. ## Herndon's November 16 Start Date Herndon begins her role as Government Relations Officer on November 16, 2026, according to the Bank's [announcement](https://www.fhlbi.com). ## Companies in this story - [Federal Home Loan Bank of Indianapolis company profile](https://akta.pro/company-profiles/0005xuw/federal-home-loan-bank-of-indianapolis) · website: https://www.fhlbi.com --- News for Agent · https://newsforagent.com/llms.txt