Indiana Member Directors and District-Wide Independent Directors Election Results (Form 8-K)

Re: 2025 Indiana Member Directors and District-Wide Independent Directors Election Results

Dear Member:

The Federal Home Loan Bank of Indianapolis ("FHLBank Indianapolis") is pleased to announce the results of the 2025 Board of Directors election.

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Independent Director District-Wide Election - Two Directors

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In the 2025 district-wide election, the members elected two incumbent directors. Each of the directors shall serve a four-year term beginning on January 1, 2026 and ending on December 31, 2029.

Number of Indiana members eligible to vote			153
Number of Michigan members eligible to vote			206
Total members eligible to vote			359
Number of Indiana members casting votes			81
Number of Michigan members casting votes			64
Total members casting votes			145
Total eligible votes for each directorship			6,468,087

Independent Director Elect			Qualifications1			City, State			Votes Received
Michael E. Bosway* Executive in Financial Services			Auditing and accounting, financial management, project development, law, derivatives, organizational management, risk management practices			Indianapolis, Indiana			3,240,202
Perry G. Hines* CEO Wheeler Mission			Auditing and accounting, financial management, project development, organizational management, risk management practices			Indianapolis, Indiana			3,272,148

*Elected

**Public Interest Directorship

[No open seats for public interest directorship]

1 12 CFR § 1261.7(e), provides in part, "(1) Each independent director and each nominee for an independent directorship, other than a public interest directorship, shall have experience in, or knowledge of, one or more of the following areas: auditing and accounting, derivatives, financial management, organizational management, project development, risk management practices, and the law….(2) Each public interest independent director and each nominee for a public interest directorship shall have more than four years of experience representing consumer or community interests in banking services, credit needs, housing or consumer financial protection."

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Indiana - Elected Member Director - Two Directors

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In the 2025 Indiana member directorship election, the Indiana members re-elected two incumbent directors. Each of the directors shall serve a four-year term beginning on January 1, 2026, and ending on December 31, 2029.

Number of Indiana members eligible to vote			153
Number of Indiana members casting votes			114
Total eligible votes for each directorship			3,893,338

Member Director Elect			City, State			Votes Received
Daniel Maddox* Chairman and CEO Citizens State Bank of New Castle (FHFA ID 11537)			New Castle, Indiana			2,247,127
Larry W. Myers* President and CEO First Savings Bank (FHFA ID 4433)			Jeffersonville, Indiana			2,045,763
Jason M. Osterhage President and CEO Everwise Credit Union (FHFA ID 9917)			South Bend, Indiana			983,708

*Elected

Thank you for participating in this year's election process. Your contribution ensures sound representation on our Board of Directors for the mutual benefit of the FHLBank Indianapolis and all of the members it serves.

Sincerely,

/s/ Esther Earbin Sandlin

Esther Earbin Sandlin

Corporate Secretary

CC: Federal Housing Finance Agency