skip navigation

Thursday, November 27, 2014

[ – ] Text Size [ + ]  |  Print Page

Circular Letters

Circular Letter 5719

December 17, 2013

To: All Member Banks in the Third Federal Reserve District

Attention: Chief Executive Officer

Subject: Election Results and Other Appointments

We are pleased to announce the following election results:

  • William S. Aichele, Chairman and Chief Executive Officer, Univest Corporation of Pennsylvania, Souderton, PA, has been elected as a Class A director by member banks in Electoral Group 1. Mr. Aichele's term will begin January 1, 2014.
  • Edward J. Graham, Chairman, President and Chief Executive Officer, South Jersey Industries, Folsom, NJ, has been elected as a Class B director by member banks in Electoral Group 2. Mr. Graham's term will begin January 1, 2014.

Additionally, the following appointments were made by the Board of Governors of the Federal Reserve System and are effective January 1, 2014:

  • James Nevels, Chairman and Founder, The Swarthmore Group, Philadelphia, PA, has been appointed Chairman of the Board of Directors.
  • Michael Angelakis, Vice Chairman and Chief Financial Officer, Comcast Corporation, Philadelphia, PA, has been appointed Deputy Chairman of the Board of Directors.
  • Brian McNeill, President and Chief Executive Officer, Southco, Inc., Concordville, PA, has been appointed as a Class C director.

Our Board of Directors also made the following appointment:

  • Scott Fainor, President and Chief Executive Officer, National Penn Bancshares, Inc., Boyertown, PA, has been appointed by the Board of Directors of this Reserve Bank to represent the Third District on the Federal Advisory Council during 2014.

Federal Reserve Bank of Philadelphia - Board of Directors 2014

James Nevels, Chairman

Chairman and Founder
The Swarthmore Group

Michael J. Angelakis, Deputy Chairman

Vice Chairman and Chief Financial Officer
Comcast Corporation

Brian McNeill

President and Chief Executive Officer
Southco, Inc.

William S. Aichele

Chairman and Chief Executive Officer
Univest Corporation of Pennsylvania

Edward J. Graham

Chairman, President and Chief Executive Officer
South Jersey Industries

Patrick T. Harker

President
University of Delaware

David R. Hunsicker

Chairman, President and Chief Executive Officer
New Tripoli Bank

Frederick (Ted) C. Peters

Chairman and Chief Executive Officer
Bryn Mawr Trust Company

Rosemary Turner

President
UPS — Chesapeake District

Federal Advisory Council Representative

Scott Fainor

President and Chief Executive Officer
National Penn Bancshares, Inc.

Additional information:

Inquiries concerning this circular letter should be directed to Herbert E. Taylor, E-mail vice president and secretary, at (215) 574-6439.