Andrew Jetter is stepping down as the chief executive of the Federal Home Loan Bank of Topeka after serving as the president and the chief executive for 14 years.
The bank announced Tuesday that Jetter plans to retire at the end of the first quarter of 2017.
"The Board of Directors of FHLBank Topeka is in the process of selecting an executive search firm to conduct a nationwide search for Jetter's successor," according to a Dec. 21 securities filing.
Starting Jan. 1, Executive Vice President Mark Yardley will serve as the interim president and CEO until a new top executive is appointed.
Jetter will remain as a nonexecutive senior adviser to the bank until his March 31 retirement date.
"Throughout his career, he consistently and selflessly provided great value through his contributions, insight and leadership. And most of all, he directed the FHLBank to superior levels of performance, demonstrated by our current strong financial position," Bridger Cox, chairman of the bank's board of directors, said in a statement.
Yardley joined the bank as an internal auditor in October 1984. He is now the chief risk officer and one of the "longest-serving members" of Jetter's team, Cox said. "We know that FHLBank will continue to be successful under Mark's leadership," he added.
