Ph.D., University of Maryland
4460 Van Munching Hall
Bill Longbrake has extensive experience in finance and investments, macroeconomics
and monetary policy, risk management, housing, and public policy. He has served
in business, academic and government organizations.
Beginning in June 2009 he became an Executive in Residence at the Robert H. Smith
School of Business at the University of Maryland and participates in the Center
for Financial Policy. He spends one to two weeks monthly working on a variety of
business, policy and governance issues with faculty, students, business leaders,
government policymakers and executives of not-for-profit organizations.
He is chairman of the board of HOPE LoanPort, a non-profit organization that
provides a data management and communications web portal to housing counselors and
home mortgage servicers. He is a nonvoting member of the Washington State Investment
Board, which manages approximately $80 billion in public employee retirement funds,
and serves on the Audit and Public Markets Committees. He is a director of City
First Bank of DC and serves on the loan and compensation committees. He currently
is Chief Financial Officer of BroadcastURBAN Filmworks, LLC.
He is a member of several committees of the American Bankers Association, including
those for Federal Home Loan Banks, government sponsored enterprises, mortgage markets
and corporate governance. He serves on the boards of trustees of Auburn Theological
Seminary and the College of Wooster. He is chairman of the board of trustees of
Lift Up Africa, a charitable organization that finances humanitarian and economic
development initiatives on the continent of Africa, and is president of the board
of trustees of the Longbrake Family Foundation.
He was a director of First Financial Northwest, a community bank located in Renton,
Washington from 2008-10; a director of the Federal Home Loan Bank of Seattle from
2002-10; and a director of the Washington Financial League from 2002-10.
Between September 2006 and December 2008 he served on a half-time basis as the
Anthony T. Cluff Senior Policy Advisor for the Financial Services Roundtable. Members
of the Roundtable include the largest financial services companies in the U.S. He
assisted in the preparation of “The Financial Services Roundtable Blue Ribbon Commission
on Mega-Catastrophes: A Call to Action” and “The Blueprint for Financial Competitiveness”.
During his time at the Roundtable he also advised the HOPE NOW Alliance and was
responsible for coordinating the collection of loan servicing and loss mitigation
Longbrake joined Washington Mutual, Inc. in August 1982 and served in many positions
until his retirement in September 2008, except from February 1995 to October 1996
when he was chief financial officer and deputy to the chairman for finance at the
Federal Deposit Insurance Corporation (FDIC). During his years at Washington Mutual,
he helped build the company from a $2.5 billion mutual savings bank located in Washington
State to the sixth largest depository institution in the nation.
From 1982 to 1994 Longbrake was chief financial officer of Washington Mutual
except for a two-year stint when he was the principal executive responsible for
retail banking and home lending. When he returned to Washington Mutual from the
FDIC in 1996 he resumed the position of chief financial officer until 2002 when
he became the bank’s first chief enterprise risk officer. In 2001, Longbrake was
named CFO of the Year in the Driving Revenue Growth category by CFO Magazine. From
2004 until retirement he served in a non-executive position as the company's liaison
with regulators, legislators, industry trade organizations, and government-sponsored
He began his career in Washington, D.C. in 1970, where he served in various government
positions until 1982, including acting senior deputy comptroller for policy and
senior deputy comptroller for resource management for the Office of the Comptroller
of the Currency and financial economist, acting controller and special assistant
to the chairman at the FDIC.
He earned his bachelor-of-arts degree in economics from the College of Wooster
in 1965, graduating with honors. He earned his master’s degree in monetary economics
in 1968 and his master of business administration degree in 1969 from the University
of Wisconsin. He received his Ph.D. in finance from the University of Maryland in
Longbrake is active in numerous academic, business and community service organizations,
particularly those involving issues surrounding affordable housing and education.
He chairs the Washington State Citizens Commission for Performance Measurement of
Tax Preferences. He is a member of the Governor’s Council of Economic Advisors and
the Task Force for Reform of Executive and Legislative Procedures Dealing with Tax
Preferences for Washington State. He is a member of the University of Washington’s
Foster School of Business Advisory Board and the University of Maryland’s Robert
H. Smith School of Business Advisory Board. He is Chairman Emeritus of the Financial
Services Roundtable’s Housing Policy Council.
He previously served as chairman of the Washington State Affordable Housing Advisory
Board, Threshold Housing, the Capitol Hill Housing Improvement Program, and served
as a member of the board and chaired the Audit Committee of the Local Initiative
Support Corporation (LISC), which provides affordable housing nationwide. He is
past president of the Washington State Chapter of Financial Executives International
and the Puget Sound Council of Financial Institutions. Previously he was a member
of the Fannie Mae National Advisory Council, the Thrift Institutions Advisory Council
of the Federal Reserve Board of Governors and the board of directors of America’s
Community Bankers. From 1993 to 2002 he served on the board of directors of the
Presbyterian Publishing Corporation.
Longbrake has published extensively and currently writes a monthly economic newsletter
for Barnett, Sivon and Natter. He has taught courses in business administration
and finance at the University of Maryland and Seattle University. In 2007 he received
the Distinguished Alumnus of the Year award from the Robert H. Smith School of Business
of the University of Maryland.