The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) announced Cindy Konich is retiring as president and CEO, effective Sept. 30.
Konich, 68, joined FHLBank Indianapolis in 1984 as cash manager, and during her career she served in a variety of roles, including executive vice president, chief operating officer and chief financial officer. She has served in the leadership role since 2013.
The bank’s board of directors has named Brendan McGrath as her successor, effective Oct. 1. He is currently executive vice president and chief risk and compliance officer, as the Bank’s next President and CEO, effective Oct. 1.
“On behalf of the board, I would like to congratulate Cindy on her retirement,” said Board Chairman Robert (Bob) Fisher. “For the past 12 years she has skillfully guided our Bank through many challenges. We have been very pleased with her accomplishments and how she has empowered those around her. She has created a work culture that inspires others to be the best that they can be.”
