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EXHIBIT 99.1
433 West Van Buren Street, Suite 501S
Chicago, Illinois 60607
312.565.5700 | fhlbc.com


Federal Home Loan Bank of Chicago
2026 Board of Directors Election Results
October 26, 2026

The Federal Home Loan Bank of Chicago is pleased to announce the results of the 2026 election of Federal Home Loan Bank of Chicago member and independent directors for member institutions in Illinois and Wisconsin. The directors’ 4-year terms will begin on January 1, 2027, and end on December 31, 2030.

Illinois

Members Eligible to Vote
Members Casting Votes
Total
Eligible Votes
One Seat
4081335,447,854
Candidate(s)
Votes
FHFA ID
Elected
Betsy A. Johnson
Chairman and Chief Executive Officer
Solutions Bank
Forreston, IL

1,145,59614503
Paul Otto
Executive VP and CFO
First American Bank
Elk Grove Village, IL

275,05911088
Adam Steinback
President
Albank NA
Chicago, IL
990,03456,458
Total Number of Votes Cast
2,410,689
Wisconsin

Once Seat
Mr. Hegenbarth ran unopposed and was declared elected on September 15, 2026.
Candidate(s)
FHFA ID
Declared Elected
James H. Hegenbarth
President and Director
Bank CMG
Madison, Wisconsin

13014

Independent Director
Members Eligible to VoteMembers Casting VotesTotal Eligible
Votes
One Seat (Public Interest)
6361819,269,188
Candidate(s)Votes
Elected
Kevin L. Newell
Founder and CEO
Royal Capital Group
Milwaukee, Wisconsin
3,453,874


October 26, 2026
Page 2
Thank you for participating in this year's election process. Your contribution ensures sound representation on our Board of Directors for the mutual benefit of the Federal Home Loan Bank of Chicago and its member-stockholders. For your reference, the biographies including the qualifications of the newly elected directors, are located on fhlbc.com.

Sincerely,

/s/ Laura M. Turnquest
Laura M. Turnquest
Executive Vice President, Chief Legal Officer,
General Counsel and Corporate Secretary