The Federal Home Loan Bank of Des Moines announced today that it has successfully completed its merger with the Federal Home Loan Bank of Seattle and began operating today as one bank. Serving nearly 1,500 financial institutions in 13 states and three U.S. Pacific territories, FHLB Des Moines is now the largest bank in the 11-bank FHLBank System in terms of membership and geography. The headquarters remains in Des Moines with a western regional office in Seattle. “We are pleased to have finalized this merger with overwhelming support from our members,” said Dick Swanson, FHLB Des Moines CEO. The merger was the first voluntary merger in the more than 80-year history of the Federal Home Loan Bank System. Its mission is to provide funding and liquidity to member financial institutions to support housing, economic development and business needs.