The Federal Home Loan Bank of Indianapolis (FHLBI) Board of Directors recently announced the election of James D. MacPhee, CEO of Kalamazoo County State Bank (KCSB) as Chairman of the Board.
MacPhee, a career banker with forty-five years in banking, has been on the Board of the FHLBI for the past five years after being elected as a Director by the financial institutions serving the State of Michigan. His recent election to Chairman was decided by a vote of the current Board of the FHLBI.
The FHLBI serves its members in both Michigan and Indiana, including banks, credit unions, and insurance companies as a supplier of wholesale funding for liquidity purposes and management of balance sheets.
The FHLBI was formed in 1932 to assist banks out of the depression and provide affordable housing in both states.
MacPhee has been with KCSB for forty-one years, serving as its CEO for the past twenty-two years. He also serves on the Board of Directors for First State Bank in Decatur MI. MacPhee has served as past chairman of the Community Bankers of Michigan (CBM) representing 128 community banks in Michigan, and as past chairman of the Independent Community Bankers of America (ICBA) which represents 5,000 community banks nationwide.
Kalamazoo County State Bank has offices in Schoolcraft, Mattawan and Vicksburg. The Bank is a $92 million independently owned and operated community bank.