The Federal Home Loan Bank of Des Moines and Federal Home Loan Bank of Seattle completed their merger June 1, the first time in 80 years that two regional banks have combined forces. The combined banks will operate under the Federal Home Loan Bank of Des Moines name and as a result of the voluntary merger, it will become the largest bank in the FHLB system geographically and membership wise, serving close to 1,500 institutions in 13 states and three U.S. Pacific territories. While the FHLB Des Moines had 1,156 members and $95.5 billion in assets as of Dec. 31, 2014, the FHLB Seattle had 316 members and had $35.1 billion in assets as of the end of 2014.