The Federal Home Loan Bank of Indianapolis (FHLBI) Board of Directors announced the re-election of James D. MacPhee, CEO of Kalamazoo County State Bank (KCSB), to their Board of Directors. MacPhee has served on the Board for the past seven years; the past year as the Board’s Chairman.
The FHLBI is a $40 billion Bank that was established by Congress in 1932 to provide wholesale funding for banks in Michigan and Indiana, and is part of the larger twelve bank system throughout the nation with its main mission being home ownership. The system also provides grants for affordable housing projects to banks in Michigan and Indiana.
MacPhee is a career banker with 43 years at KCSB in Schoolcraft and continues to serve as the Bank’s CEO and Director.
Kalamazoo County State Bank has offices in Schoolcraft, Mattawan and Vicksburg. The Bank is a $96 million independently owned and operated community bank.