Wil W. Osborn was named President and Chief Executive Officer of Federal Home Loan Bank of Des Moines, effective October 1, 2026. As of November 6, 2026, Federal Home Loan Bank of Des Moines has reported 5 leadership change filings to the SEC under Item 5.02 of Form 8-K, from August 25, 2026 to November 5, 2026, naming 1 appointment (Form 8-K, September 3, 2026).
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Key facts
- · In / out: Reported · Person: not named in the filing · 8-K, 2026-11-05
- · In / out: Reported · Person: not named in the filing · 8-K, 2026-10-20
- · In / out: Reported · Person: not named in the filing · 8-K, 2026-09-22
- · In / out: In · Person: Wil W. Osborn · Role: President and Chief Executive Officer · Effective: 2026-10-01 · 8-K, 2026-09-03
- · In / out: Reported · Person: not named in the filing · 8-K, 2026-08-25
Federal Home Loan Bank of Des Moines reported changes in 5 filings among its directors and officers to the SEC on Form 8-K, Item 5.02, from 2026-08-25 to 2026-11-05. They name 1 person. Every row below is cited to the filing it comes from, and this page adds each new change as Federal Home Loan Bank of Des Moines files it.
Timeline
| Filed | In / out | Person | Role | Effective | Source |
|---|---|---|---|---|---|
| 2026-11-05 | Reported | not named in the filing | 8-K, 2026-11-05 | ||
| 2026-10-20 | Reported | not named in the filing | 8-K, 2026-10-20 | ||
| 2026-09-22 | Reported | not named in the filing | 8-K, 2026-09-22 | ||
| 2026-09-03 | In | President and Chief Executive Officer | 2026-10-01 | 8-K, 2026-09-03 | |
| 2026-08-25 | Reported | not named in the filing | 8-K, 2026-08-25 |
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Who leads Federal Home Loan Bank of Des Moines, as last reported?
For each role that changed in the filings below, the most recent change reported. A role that did not change in these filings is not listed.
- President and Chief Executive Officer: Wil W. Osborn, appointed, effective 2026-10-01 (filed 2026-09-03).
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Reported
On November 5, 2026, the Federal Home Loan Bank of Des Moines ("Bank") declared certain individuals elected in the Bank's 2026 election of directors (the "2026 Director Election") with each term to commence January 1, 2027.
- The Bank's board of directors ("Board") is comprised of member directors and independent directors who are elected by the Bank's members, as discussed under "Item 10 - Directors, Executive Officers, and Corporate Governance" of the Bank's 2025 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 10, 2026 (the "2025 Annual Report").
- After reviewing the results of the 2026 Director Election, the Bank declared the following individuals elected as member directors: Mr. Chris Loseth, President and Chief Executive Officer of Potlatch No. 1 Financial Credit Union, in Lewiston, Idaho was elected to fill the member directorship designated for the State of Idaho for a four-year term ending December 31, 2030.
- Mr. Karl Bollingberg, Director of Cornerstone Bank in Fargo, North Dakota was re-elected to fill the member directorship designated for the State of North Dakota for a four-year term ending December 31, 2030.
- Mr. Bollingberg currently serves as Chair of the Board of Directors and Chair of the Executive and Governance Committee.
- Ms. Kim DeVore, President and Chief Executive Officer of Jonah Bank of Wyoming in Casper, Wyoming was re-elected to fill the member directorship designated for the State of Wyoming for a four-year term ending December 31, 2030.
Reported
On October 16, 2026, the Federal Home Loan Bank of Des Moines (the "Bank") named Brett L.A. Manning as the Bank's Chief Business Officer, effective immediately.
- Mr. Manning will oversee the Bank's member-facing departments, including member relationships and sales, member strategies and solutions, marketing and communication, and the mortgage product group.
- Mr. Manning, age 50, began his Federal Home Loan Bank career in Seattle in 1998 and has held several positions and leadership roles during that time focusing on business development and front-line risk management.
- Most recently, he served as Member Strategies and Solutions Director, a position he held since August 2023.
- Prior to that, Mr. Manning served as the Funding Products Group Director beginning in June 2017.
- As the Bank's Chief Business Officer, Mr. Manning will be paid an annual base salary of $425,000 and will be eligible to earn incentive awards under the Bank's annual and long-term incentive plans.
- Mr. Manning's maximum potential incentive award will be 80 percent of his base salary.
- Further, he will be eligible to receive the Bank's standard executive relocation benefits.
Reported
The effective date of Mr. Larkin's separation from the Bank was September 18, 2026.
- On September 18, 2026, the Federal Home Loan Bank of Des Moines (the "Bank") notified Kevin Larkin that he would no longer serve as the Bank's Chief Information and Operations Officer.
Appointed: Wil W. Osborn, President and Chief Executive Officer, effective 2026-10-01
On September 3, 2026, the Federal Home Loan Bank of Des Moines (the "Bank") announced that its Board of Directors has appointed Wil W. Osborn as President and Chief Executive Officer effective October 1, 2026.
- Mr. Osborn will succeed Kristina K. Williams, who announced in January 2026 her intention to retire from the Bank after serving as president and chief executive officer since January 2020.
- Mr. Osborn, age 61, currently serves as the Bank's Chief Business Officer.
- Prior to joining the Bank in 2020, Mr. Osborn served as senior vice president and chief financial officer of the Federal Home Loan Bank of Topeka, a position he held since 2010.
- Mr. Osborn also served in various investment management and performance measurement roles in the banking and credit union industry.
- As the Bank's President and Chief Executive Officer, Mr. Osborn will be paid an annual salary of $900,000 and will be eligible to earn incentive awards under the Bank's annual and long-term incentive plans.
- Mr. Osborn's maximum potential incentive award will be 100 percent of his base salary.
- Mr. Osborn is also entitled to participate in all retirement and other benefit plans to the extent available to other named executive officers of the Bank.
Reported
Deemed Election of Certain Member Directors On August 25, 2026, Karl Bollingberg, Director of Cornerstone Bank in Fargo, North Dakota and Kim DeVore, President and CEO of Jonah Bank in Casper, Wyoming, were declared elected by the Federal Home Loan Bank of Des Moines, ("Bank") to serve as member directors on the Bank's Board of Directors ("Board") for four-year terms commencing January 1, 2027.
- This will be Mr. Bollingberg's third term serving as a member director for the State of North Dakota, and Ms. DeVore's second term serving as a member director for the State of Wyoming.
- The 2027 board committees on which Mr. Bollingberg and Ms. DeVore will be named to serve have not been determined as of the date of this filing.
- Legal Framework for the Deemed Election The election took place in accordance with the rules governing the election of Federal Home Loan Bank member directors specified in the Federal Home Loan Bank Act of 1932, as amended ("Bank Act"), and the related regulations of the Federal Housing Finance Agency ("Finance Agency").
- Finance Agency regulations provide that if the number of eligible nominations for member directorships is equal to the number of member directorships to be filled, balloting is unnecessary and such nominees are deemed elected upon notice to the Bank's members in the relevant state.
- On August 25, 2026, the Bank sent notice of Mr. Bollingberg's and Ms. DeVore's elections to members in the states of North Dakota and Wyoming.
- Compensation of Directors for 2027 The Bank expects to compensate Mr. Bollingberg and Ms. DeVore in accordance with the Bank's 2027 Director Fee Policy, a policy that has not yet been adopted.
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Where this comes from
A public company must file a current report on Form 8-K with the SEC within four business days when a director leaves or is elected, or when its chief executive, chief financial, chief accounting or chief operating officer, or another named executive, departs or is appointed. That disclosure goes under Item 5.02 of the report.
Every change on this page is taken from one of those filings and quoted in the company's own words, with a link to the filing, so it can be checked at the source. Where a filing names the person, the role and the date a change takes effect, they are shown beside the quote. Where it does not, the quote stands on its own. A filing states what changed; it rarely states why, and neither does this page.