Federal Home Loan Bank of San Francisco
06/18/2026 | Press release | Distributed by Public on 06/18/2026 10:31
Material Event (Form 8-K)
Item 8.01 Other Events
As previously disclosed on Form 8-K filed on January 8, 2026, with the Securities and Exchange Commission, the Federal Home Loan Bank of San Francisco (the "Bank") announced the appointment of Winthrop Watson as Interim President and Chief Executive Officer of the Bank while the Bank's board of directors (the "Board") continued its search for a permanent President and Chief Executive Officer.
The Board has engaged in ongoing discussions with Mr. Watson regarding his continued service with the Bank. Following those discussions, Mr. Watson has informed the Board that he is willing to continue to serve as Interim President and Chief Executive Officer on an indefinite basis, pursuant to the terms of his existing employment agreement with the Bank, dated January 7, 2026 (the "Employment Agreement"). No amendments have been made to the Employment Agreement in connection with Mr. Watson's continued service and the Employment Agreement remains in effect in accordance with its terms.
In light of Mr. Watson's indication that he is willing to continue to serve in this role for the foreseeable future, and taking into account Mr. Watson's demonstrated leadership and strategic vision and his extensive prior experience as a chief executive officer of a Federal Home Loan Bank, the Board is no longer at this time pursuing any candidates for the permanent President and Chief Executive Officer position.
"Winthrop is a highly experienced FHLBank leader, and the Board has strong confidence in his ability to continue leading the organization," said Joan Opp, chair of the FHLBank San Francisco Board of Directors. "His steady leadership and deep understanding of the Bank position us well for continued stability and growth."
"During my time at the Bank, I've been impressed by the team's focus and strategic direction," said Winthrop Watson, FHLBank San Francisco's interim president and CEO. "I'm honored to continue working with the Board, our members, and employees to provide consistent, reliable funding, support housing affordability and community investment, and advance the Bank's mission."
Federal Home Loan Bank of San Francisco published this content on June 18, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on June 18, 2026 at 16:31 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]