Marshfield’s Sennholz elected board chair of Federal Home Loan Bank of Chicago
For Hub City Times
MARSHFIELD — Forward Financial Bank President and CEO Bill Sennholz has been elected chairman of the board of the Federal Home Loan Bank of Chicago. He began his two-year term in January 2016.
The Federal Home Loan Bank system is 11 U.S. government-sponsored banks that provide reliable liquidity to member financial institutions — not individuals — to support housing, finance, and community investment. With their members, the Federal Home Loan Banks represent the largest collective source of home mortgage and community credit in the United States. The Federal Home Loan Bank of Chicago itself is $70 billion in assets.
Sennholz has been president and CEO of Forward Financial Bank for the past 11 years. Under his leadership the bank has grown from two offices in Marshfield to eight locations throughout central Wisconsin. His belief in maintaining strong communities has driven over $239,000 in charitable giving by Forward Financial Bank in 2015.
In addition to promoting the goals of the bank and banking industry, Sennholz is also chief volunteer officer of the Marshfield Area YMCA board and chairman of Marshfield’s Economic Development Board.
“Bill is dedicated to bringing the strength of the banking industry to businesses, farmers, and families in our central Wisconsin communities,” said Lori Gropp, Forward Financial Bank board chairman. “His investment of time with the Federal Home Loan Bank helps to highlight the needs of community banks and find solutions that our customers desire.”