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Federal bank board takes on Porteous

MSU Trustee David Porteous was appointed to the board of directors of the Federal Home Loan Bank this week.

"The opportunity to serve on a board like the Federal Home Loan Bank is a wonderful opportunity for me as well as the people of Michigan," Porteous said.

The Indianapolis-based bank works with smaller banks and specializes in promoting home ownership.

Porteous said a portion of the bank's earnings go toward grants for communities that want to increase housing through programs such as Habitat for Humanity.

The Reed City Republican, who is chairman of the MSU Board of Trustees, also is chairman of the Michigan Strategic Fund, vice-chairman of the Michigan Economic Growth Authority and sits on the board of the Michigan Economic Development Corporation.

Porteous is an attorney and president of Porteous Law Office PC, in Reed City.

Melissa Sanchez

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