WASHINGTON — Federal Housing Finance Board member Geoff Bacino has resigned his position to start a lobbying firm that will partner with the firm run by the son of Democratic Vice Presidential nominee Joseph Biden.

Bacino, who also served as an NCUA Board member for one year and has represented credit unions in Washington, D.C., is going to start Bacino and Associates, which will be located in and partner with the law firm of Oldaker, Biden and Belair. R. Hunter Biden, the firm's founding partner is a son of Joseph Biden, who has been a U.S. Senator from Delaware since 1973 and was selected as Sen. Barack Obama's running mate in August. Bacino's assistant and policy adviser Jonathan Lindley will join him in his new firm.

“I have enjoyed my federal service as a Board Member and regulator of the Federal Home Loan Bank System. Under the leadership of Chairman Ronald Rosenfeld, the Federal Housing Finance Board was well on the road to becoming a 'world class' federal banking regulator. I will miss the many friends that I had made both in the public and private sector while serving in this post and hope that our paths will cross again,” Bacino said in a statement.