Owen E. Beacom of Evanston’s First Bank & Trust has been elected to the board of directors of the Federal Home Loan Bank of Chicago.

The FHLB is a $73 billion wholesale bank that serves institutions that finance housing.

First Bank & Trust is both a customer and a shareholder of the FHLB of Chicago. Beacom’s four year term as a board member begins Jan. 1.

Beacom, First Bank & Trust’s chief lending officer, is also a director of the bank and its holding company, First Evanston Bancorp.

Beacom said he believes most of the votes cast for him by member banks in Illinois and Wisconsin “were in recognition of First Bank & Trust’s outstanding reputation among our peers.”

Beacom has worked at First Bank & Trust since 2004 and is responsible for commercial banking relationships and credit administration.

He has a bachelor’s degree in economics from Harvard University, a master’s degree in accounting from DePaul University and a master’s degree in business administration from the University of Chicago.

Bill Smith is the editor and publisher of Evanston Now.

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