Leadership changes at Federal Home Loan Bank of New York (2026)

Reported

(c) On October 26, 2026, the Board of Directors (the "Board") of the Federal Home Loan Bank of New York (the "FHLBNY") approved the appointment of Adam S. Goldstein, age 52, as President and Chief Executive Officer ("CEO") of FHLBNY, effective November 9, 2026 (the "Start Date").

Also stated in this filing

• Mr. Goldstein verbally accepted the appointment on November 4, 2026.
• Mr. Goldstein, who has served as Senior Vice President and Chief Business Officer of the FHLBNY since 2015, will succeed Jonathan West, who has served as Interim President and CEO since October 20, 2026, and who will return to his role as Chief of Staff/Senior Advisor as of the Start Date.
• In connection with the appointment, the FHLBNY and Mr. Goldstein entered into an offer letter dated November 5, 2026 (the "Offer Letter").
• Under the Offer Letter, Mr. Goldstein will receive an annual base salary of $875,000 and fringe benefits commensurate with his role as President and CEO.
• Mr. Goldstein will also continue to be a participant in FHLBNY's 2026 Incentive Compensation Plan and the FHLBNY Non-qualified Deferred Compensation Plan, in accordance with the terms of the respective plans.
• In addition, Mr. Goldstein will remain eligible to participate in the FHLBNY's Amended and Restated Severance Pay Plan and participate in the employee benefit arrangements he participated in as of the date of the Offer Letter.
• Mr. Goldstein will also continue to be party to his Executive Change in Control Agreement with the FHLBNY.

Departing: Randolph C. Snook, President and Chief Executive Officer, effective 2026-10-20

On October 22, 2026, the Federal Home Loan Bank of New York ("FHLBNY") announced that Randolph C. Snook resigned as President and Chief Executive Officer of the FHLBNY effective October 20, 2026 and will serve as a senior advisor to the FHLBNY through December 31, 2026, to assist in the leadership transition.

Also stated in this filing

• The Board of Directors of the Bank has initiated a process to identify a permanent replacement for Mr. Snook.
• To ensure continuity during this process, the Board has named Jonathan West, age 69, as Interim President and CEO effective October 20, 2026.
• Mr. West joined the Bank in May 2015 as Senior Vice President - Chief Legal Officer and had served as Chief of Staff/Senior Advisor since February 2026.
• Prior to that Mr. West served as Executive Vice President - Chief Operating Officer - Business Operations of the Federal Home Loan Bank of Indianapolis.
• No new material plan, contract or arrangement, grant or award, or material amendment to any existing arrangement has been entered into or made in connection with Mr. West's appointment.
• Subject to the approval of the Federal Housing Finance Agency ("FHFA"), the Bank intends to provide Mr. Snook with certain compensation and benefits which will be outlined in a Separation and Release Agreement between the parties.
• The material terms of the proposed Separation and Release Agreement have not yet been approved by the FHFA.

Reported

(d) On September 18, 2026, the Federal Home Loan Bank of New York ("Bank" or "FHLBNY") announced that two nominees for two Member Director seats representing New Jersey members on the Board of Directors ("Board") of the Bank -- Mr. Anthony Labozzetta, President and Chief Executive Officer of Provident Bank, Iselin, New Jersey, and Mr. Ira Robbins, Chairman and Chief Executive Officer of Valley National Bank, Morristown, New Jersey -- being the only two candidates to accept their nominations for the two seats, were deemed elected by the Bank, pursuant to Federal Housing Finance Agency regulatio

Also stated in this filing

• Mr. Robbins will serve a four-year term ending on December 31, 2030, and Mr. Labozzetta will serve a one-year term ending on December 31, 2027.
• Mr. Robbins currently serves as a Member Director on the Board; his current term expires on December 31, 2026.
• He presently serves as Chair of the Board's Risk Committee, and he serves on the Board's Compensation and Human Resources, Strategy and Business, and Executive Committees.
• The Board has not yet determined the 2027 Committee assignments for Mr. Robbins, Mr. Labozzetta, or any other Bank director.
• Compensation of Mr. Labozzetta, Mr. Robbins and other Bank directors in 2027 is expected to be in accordance with a 2027 Director Compensation Plan ("Compensation Plan"), which is expected to be finalized and approved at a later time.
• Details regarding the Compensation Plan will be disclosed after the Compensation Plan is adopted in an appropriate filing with the U.S. Securities and Exchange Commission.
• In addition to the foregoing announcement, the Bank also reminded its members that ballots in connection with the election for two open Districtwide Independent Director seats, which have terms commencing on January 1, 2027 and ending on December 31, 2030, will be distributed to eligible Bank members in October 2026.

Appointed: William J. Turner

As of the time of this filing, Mr. Turner has been named to serve on Audit, Housing, and Strategy and Business Committees of the Board for 2026.

Also stated in this filing

• (d) The Federal Home Loan Bank of New York ("FHLBNY") has announced that its Board of Directors ("Board") unanimously elected, effective as of August 19, 2026: Mr. William J. Turner, Jr., Senior Vice President of Metropolitan Life Insurance Company, New York, New York, to serve as a Member Director representing New York members.
• Mr. Turner's term will run through and until December 31, 2028, the end date of the directorship that had been held by Mr. Klein.
• Mr. Turner's election by the Board took place in accordance with the rules governing the filling of vacancies on the Boards of Directors of Federal Home Loan Banks contained in the regulations of the Federal Housing Finance Agency.
• Mr. Turner's compensation as a FHLBNY Board member will be in accordance with the FHLBNY's 2026 Director Compensation Policy, a copy of which was included as an exhibit to the FHLBNY's Annual Report on Form 10-K filed on March 20, 2026.

Reported

Since FHLBNY Member Directors are required by regulation to be directors or officers of an FHLBNY member institution, and as Mr. Klein had previously qualified to serve on the FHLBNY's Board of Directors as a Member Director because of his role as Chairman, President and Chief Executive Officer of Northfield Bank, Mr. Klein submitted his resignation letter informing the FHLBNY that, effective as of the close of FHLBNY business on July 20, 2026, he would no longer qualify to serve as a Member Director, thereby resigning from the FHLBNY's Board of Directors as of such date. 2

Also stated in this filing

• (b) On July 20, 2026, the Federal Home Loan Bank of New York ("FHLBNY") was informed by FHLBNY New York Member Director Steven M. Klein that, effective as of the close of FHLBNY business on July 20, 2026, as a result of the merger of Northfield Bank, a FHLBNY New York member, with and into Columbia Bank, a FHLBNY New Jersey member, Northfield Bank would no longer be a member of the FHLBNY.

Appointed: Brinda Bhattacharjee, Chief Financial Officer

(b) and (c) On June 3, 2026, the Federal Home Loan Bank of New York ("FHLBNY") appointed Brinda Bhattacharjee, 43, as its Chief Financial Officer ("CFO"), effective immediately.

Also stated in this filing

• Ms. Bhattacharjee will lead the Bank's Financial Accounting, Management Reporting, and Strategic Planning functions and will serve as a voting member of the FHLBNY Management Committee.
• Ms. Bhattacharjee has experience in corporate treasury, financial strategy, and global financial operations.
• Most recently, she served as Corporate Treasurer at StubHub, where she handled the international complexities of a growing global business.
• Prior to that, starting in February 2024, she was Global Treasurer and Interim Chief Financial Officer at MoneyGram, where she led a team of more than 70 professionals with responsibility for facilitating payments and settlements, forecasting liquidity requirements, developing balance sheet strategies and managing investor relations, among other duties.
• Previously, from March of 2016 until December 2023, Ms. Bhattacharjee spent more than seven years at Goldman Sachs, most recently as Managing Director and Chief Operating Officer for Transaction Banking, where she led product, operations, and finance functions for its B2B payments business.
• In connection with her employment as CFO, Ms. Bhattacharjee will receive an annual base salary of $600,000.

Reported

Mr. Neylan has agreed to extend his employment as the CFO through April 30, 2026, and thereafter to serve as a consultant extending his service as the CFO through June 30, 2026. 2