Randolph C. Snook has resigned as President and CEO of the Federal Home Loan Bank of New York, effective October 20, 2026 — barely twenty months after he took the job in February 2025. The abrupt change at the top of a wholesale lender that serves 337 financial institutions is the kind of leadership event that community banks across the New York region watch closely. Understanding the FHLBNY CEO resignation in full requires looking at these details closely.
This article summarises what has been publicly reported about the FHLBNY CEO resignation, drawing on the official announcement and corroborating coverage. It is written for readers of gf6.com, a worldwide directory of bank branches and ATMs, and it sticks strictly to the facts disclosed on October 22, 2026.
The finding — what was announced — FHLBNY CEO resignation
On October 22, 2026 the Federal Home Loan Bank of New York disclosed that its chief executive had stepped down two days earlier and that an interim leader had already been named. The announcement was carried by the company itself and picked up by multiple outlets the same day, including GlobeNewswire, FHLBNY and Citybiz.
The core facts, verbatim from the disclosure:
- Randolph C. Snook resigned as President and CEO of the Federal Home Loan Bank of New York, effective October 20, 2026.
- He joined the institution in February 2025 following his tenure as CEO of the Federal Home Loan Banks Office of Finance.
- The FHLBNY board appointed Jonathan West as Interim President and CEO, also effective October 20, 2026.
- West had served as the bank’s chief of staff and senior advisor since February 2026, and previously as its chief legal officer since 2015.
- Snook will remain as a senior advisor through December 31, 2026 to assist with the leadership transition while the board conducts a permanent CEO search.
- The FHLBNY reported Q3 2026 net income of $157.6 million and total capital of $9.4 billion as of September 30, 2026.
- The bank serves 337 financial institutions across New York, New Jersey, Puerto Rico and the U.S. Virgin Islands.
Christopher P. Martin, Chair of the Board of Directors, said in the GlobeNewswire release: “Our Board thanks Randy for his stewardship of and service to our cooperative and wish him well on his future endeavors.” These figures put the FHLBNY CEO resignation into clearer perspective.
What it means for member institutions
The Federal Home Loan Bank of New York is a wholesale cooperative lender — it does not take retail deposits or operate branches you can walk into, but it provides advance funding and liquidity that hundreds of community banks, thrifts and credit unions rely on. A change at the top of such an institution is noticed quickly by its 337 members in New York, New Jersey, Puerto Rico and the U.S. Virgin Islands, even when the operational impact in the short term is likely limited. This context matters for anyone following the FHLBNY CEO resignation.
The transition structure disclosed by the board — an insider as interim CEO, the outgoing CEO staying on as senior advisor through year-end, and a formal search for a permanent chief executive — is a conventional continuity arrangement. Jonathan West has been inside the institution since 2015, first as chief legal officer and from February 2026 as chief of staff and senior advisor, which the board clearly regards as sufficient continuity to run day-to-day operations while the search proceeds. It is a central thread in the wider FHLBNY CEO resignation.
The Q3 2026 figures disclosed alongside the leadership change — $157.6 million in net income and $9.4 billion in total capital at September 30, 2026 — are the only financial markers in the announcement. They are presented without further commentary here because no additional context was given in the public disclosure, and this article is a rewrite, not new reporting. Such details shaped how the FHLBNY CEO resignation unfolded.
For readers tracking banks in USA, the main takeaway is narrow and factual: the regional wholesale lender for the New York footprint has an interim CEO, a defined transition window to December 31, 2026, and a board-led search for a permanent successor.
Explore the full data behind this article: bank branches worldwide and ATMs worldwide in the gf6.com directory.
Methodology
gf6.com is a worldwide directory of bank branches and ATMs, operated from the Seychelles and covering the whole world. The directory has been built since 2020, first as a manual spreadsheet during the COVID-19 pandemic, reaching a largely complete first version in 2022 and expanded through ongoing manual research over four years to roughly 445,000 financial locations — about 346,000 bank branches and 99,000 ATMs. It is curated original work, not an automated one-time scrape, and coverage varies by country. This is one of the defining aspects of the FHLBNY CEO resignation.
For this news item, every specific fact — names, dates, titles, financial figures and the member count — comes directly from the FHLBNY announcement of October 22, 2026 as published by GlobeNewswire and confirmed by FHLBNY and Citybiz. No figure, name or claim has been added that is not in those sources.
Frequently asked questions
Who resigned as CEO of the Federal Home Loan Bank of New York?
Randolph C. Snook resigned as President and CEO of the Federal Home Loan Bank of New York, effective October 20, 2026. He had joined the institution in February 2025.
Who is the new interim CEO?
Jonathan West was appointed Interim President and CEO, also effective October 20, 2026. He had been chief of staff and senior advisor since February 2026 and had previously served as chief legal officer since 2015.
What happens to Randolph Snook now?
According to the announcement, Snook will remain as a senior advisor through December 31, 2026 to assist with the leadership transition while the board conducts a permanent CEO search.
How large is the FHLBNY?
The bank reported Q3 2026 net income of $157.6 million and total capital of $9.4 billion as of September 30, 2026. It serves 337 financial institutions across New York, New Jersey, Puerto Rico and the U.S. Virgin Islands.
Does this change affect customers of local banks?
FHLBNY is a wholesale lender to member banks and thrifts, not a retail bank with branches. The announcement describes an orderly interim appointment and a board-led search, with no operational changes to member services disclosed.
Where was this first reported?
The leadership change was announced by FHLBNY and distributed via GlobeNewswire on October 22, 2026, and the same facts were reported by other outlets including Citybiz the same day.
This article was produced with AI assistance from publicly available sources and is handled under our editorial standards and AI policy.
I have been online since 1995. For many years, I worked in the e-commerce sector, setting up several online shops, and have always been interested in data analysis. In 2007, I moved to the Seychelles to work from there or as a digital nomad. In recent years, I have increasingly specialised in the financial sector. I manage the Seychelles’ Commercial Register and am also very familiar with the offshore world. GF6.com is a project I have been working on for many years. I built and curated the 445,000-entry bank database myself over a period of six years, and for the past two years or so I have also been using AI to achieve better structures.
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