Liberty Bank executive and former Simsbury Bank president Martin Geitz has been elected chairman of the Federal Home Loan Bank of Boston’s board of directors.

Geitz is currently executive regional director of the Middletown-based bank. He was president and CEO of The Simsbury Bank & Trust Co. before it was acquired by Liberty Bank in 2019.

A member of FHLBank Boston’s Board of Directors since 2014, Geitz has led the board’s risk committee and served on the governance/government relations and human resources and compensation committees.

“As we brought together Liberty Bank and Simsbury Bank last year, the Liberty team quickly recognized and appreciated what countless others in the banking industry and right here in our communities have known for so many years: Martin is a true leader and first-class community banker who has deservedly earned a stellar reputation in Connecticut and throughout the region,” David Glidden, president and CEO of Liberty Bank, said in a statement. “It’s his steady leadership and wealth of knowledge of the industry that makes him a fitting choice to lead FHLBank Boston as board chairman.”

FHLBank Boston is a cooperatively-owned wholesale bank for housing finance in the six New England states. Its mission is to provide highly reliable wholesale funding and liquidity to its member financial institutions in New England. It also develops and delivers competitively priced financial products, services and expertise that support housing finance, community development and economic growth, including programs targeted to lower-income households.

Geitz said in a statement that it had been a privilege to serve on the board of directors of FHLBank Boston for six years and represent Connecticut’s bank, insurance company and credit union members.

“”I am honored to have earned the confidence of my fellow board members from throughout New England and to have been elected chairman of the board by them,” Geitz said in the statement. “FHLBank Boston plays a vital role in our region’s financial well-being by providing its members with ready access to liquidity and meaningful support for their affordable housing and economic development initiatives. As chairman, I look forward to ensuring that the board’s stewardship of FHLBank Boston remains focused on meeting member needs and achieving all aspects of its mission.”