The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced President and CEO Alanna McCargo is stepping down, effective immediately.
McCargo will transition into a new role as special policy advisor, working directly with the chairman of the board of directors, and will be returning to Washington, DC. McCargo was appointed president and CEO in June 2024 after previously serving as president of the Government National Mortgage Association (Ginnie Mae) and as a senior advisor for housing finance at the US Department of Housing and Urban Development.
Joseph E. Amato, the bank’s executive vice president and chief financial officer, will serve as interim president and CEO while the board launches a search for a new chief executive.
“Alanna is a respected leader with deep expertise in housing finance and policy,” said Board Chairman F. Daniel Siciliano. “Her insights and strategic guidance will be invaluable as we continue to support our members and partners in meeting the credit and investment needs of the communities we all serve.”