Ty R. Taylor, the president and chief executive officer of Waukesha State Bank, has been elected to the board of directors of the Federal Home Loan Bank of Chicago.

The Federal Home Loan Bank is a government-sponsored enterprise that provides housing finance to more than 720 member commercial banks, savings institutions, credit unions and insurance companies in Wisconsin and Illinois.

Taylor will begin a four-year term on the board Jan. 1.

Read more in the Milwaukee Journal Sentinel.