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Federal Home Loan names new CEO

Bloomberg News / May 27, 2009

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WASHINGTON - The Federal Home Loan Bank of Boston named Edward A. Hjerpe III president and chief executive officer.

Hjerpe, 50, will be paid a base salary of $550,000, the bank said in a filing yesterday with the Securities and Exchange Commission. Hjerpe has been interim president and chief executive of Strata Bank and Service Bancorp Inc. since September.