Romaine Elected Vice Chair Of FHLBNY

The Federal Home Loan Bank of New York (FHLBNY) has announced that Stephen S. Romaine has been elected by its board of directors to serve as board vice chair for a two-year term that will commence on January 1, 2026.

Romaine, currently chair and CEO of Tompkins Community Bank, has served on the FHLBNY’s Board as a Member Director since January 1, 2019. He currently serves as the chair of the board’s strategy & business committee, and as a member of its corporate governance and external affairs and risk committees.

“The Federal Home Loan Bank of New York is a vital institution to local lenders across the region, supporting our ability to meet the needs of our customers and communities,” said Romaine. “In my service on the FHLBNY Board, I have worked alongside my fellow directors and closely with the management team on developing the strategies that position the FHLBNY to continue to play this critical role. I am honored to serve as vice chair of our cooperative, and thank the board for its trust in me in this new role.”

Romaine, current chair and chief executive officer of FHLBNY member Tompkins Community Bank (TCB), has served as director, president, and CEO of TCB’s holding company, Tompkins Financial Corporation (TFC), since January 2007. TCB retained the charter of member Tompkins Trust Company (TTC) and consolidated former members Tompkins Mahopac Bank (TMB) and Tompkins Bank of Castile (TBOC) in January 2022, each of which was wholly owned by TFC. At that time, he assumed the role of CEO of TCB and remained a director, later becoming chair of TCB in April 2024.

He also served as a director of TMB from January 2003 and TTC and TBOC from January 2007, until their consolidation. He also chaired TTC from May 2014 until December 2021. Romaine currently serves on the board of the New York Bankers Association and served as its chairman from March 2016 through March 2017.

“Steve has been instrumental in ensuring that our strategy is always focused on the certainty of our funding, on serving our members, and on strengthening our cooperative,” said Randolph C. Snook, president and CEO of the FHLBNY. “In his new role as vice chair, the board will continue to provide the oversight that aligns the efforts and initiatives of the FHLBNY with our members’ needs. I also thank our current vice chair, David J. Nasca, who is retiring from the board at year-end, for his tremendous service to the FHLBNY across his time as a Director.”

FHLBNY is a Congressionally-chartered, wholesale bank and part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional, stockholder-owned banks. As of September 30, 2025, the FHLBNY serves 334 financial institutions and housing associates in New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands. The mission of the FHLBNY is to provide members with reliable liquidity in support of housing and local community development.