UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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the Securities Exchange Act of 1934
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On May 3, 2024, the Federal Home Loan Bank of Pittsburgh (“Bank”) determined that Mr. H. Charles Maddy, III is no longer eligible to serve as a director on the Bank’s Board of Directors as a result of the merger of bank holding company Summit Financial Group, Inc. with bank holding company Burke & Herbert Financial Services Corp. Immediately following the merger, Summit Community Bank, Inc., a West Virginia banking corporation and a wholly-owned direct subsidiary of Summit Financial Group, Inc., will merge with and into Burke & Herbert Bank & Trust Company (“B&H Bank”), a Virginia banking corporation and a wholly-owned direct subsidiary of Burke & Herbert Financial Services Corp, with B&H Bank as the continuing institution. Mr. Maddy previously was elected as a West Virginia Member Director. Based on applicable law and regulation, as Mr. Maddy is no longer an officer or director of a West Virginia member institution, he is ineligible to continue to serve as a West Virginia Member Director for the remainder of his term expiring on December 31, 2026. In accordance with the Federal Home Loan Bank Act, the Bank’s Board of Directors will elect an officer or a director of a West Virginia member institution to fill the vacancy for this directorship.
Description
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURE(S)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Federal Home Loan Bank of Pittsburgh |
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May 3, 2024 |
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By: |
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/s/ Peggy Delinois Hamilton |
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Name: Peggy Delinois Hamilton |
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Title: General Counsel, Corporate Secretary |