The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced Joseph E. Amato, the interim president and CEO, will retire when his contract term concludes on Feb. 1. Winthrop Watson, the retired president and CEO of the Federal Home Loan Bank of Pittsburgh, will replace Amato on Feb. 2.
Amato was the bank’s chief financial officer when he assumed the interim positions on Jan. 30, 2025, after Alanna McCargo stepped down from the leadership role. The bank is still in the process of recruiting a full-time leader to replace McCargo.
“Joe has been a trusted and respected leader throughout his 5-year tenure at the Bank, and we are grateful for his service and leadership” said Joan Opp, chairwoman of the board of directors of FHLBank San Francisco. “His deep institutional knowledge, commitment to the Bank’s financial strength, and unwavering focus on our mission have strengthened the Bank and positioned it well for the future.”
