Federal Home Loan Bank of Indianapolis
03/23/2026 | Press release | Distributed by Public on 03/23/2026 13:37
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
As a result of an organizational realignment, on March 23, 2026, the Federal Home Loan Bank of Indianapolis ("Bank") announced that Mr. Gregory L. Teare, Executive Vice President - Chief Financial Officer, was appointed to serve as Chief Financial Strategy Officer. Mr. Teare has served as the Bank's Chief Financial Officer since February 2015.
Mr. Chad A. Brandt, age 61, Senior Vice President, was appointed Chief Financial Officer of the Bank, effective March 23, 2026. Mr. Brandt has served as Senior Vice President - Treasurer since January 2016, when he joined the Bank. As a result of this promotion, Mr. Brandt will serve as the Bank's Principal Financial Officer. Neither Mr. Brandt nor any member of his immediate family has or has had any material interest in any transaction or proposed transaction with the Bank.
Mr. Brandt will be paid an annual base salary of $425,000, prorated for 2026 and remains a Level 1 Participant under the Bank's 2026 Incentive Compensation Plan. For additional information about the Bank's executive incentive and employee benefit plans, see the Bank's Annual Report on Form 10-K filed with the SEC on March 12, 2026.
Mr. Brandt and Mr. Teare are at-will employees. The Bank has not entered into a change in control or other employment agreement with either Mr. Brandt or Mr. Teare but may choose to do so in the future. Both Mr. Brandt and Mr. Teare will continue to be covered by the Key Employee Severance Policy.
Federal Home Loan Bank of Indianapolis published this content on March 23, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 23, 2026 at 19:37 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]