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For release: August 29, 2001
Contact: Marilyn Wimp (215) 574-4197
The Federal Reserve Bank of Philadelphia has selected four new business leaders to serve on its Community Bank Advisory Council. The three-year term starts in 2001. Council members advise the Federal Reserve on regional business conditions and issues that impact the marketplace.
Jack W. Ord, president and chief executive officer of Peoples National Bank in Hallstead, Pa., was named to the council. Ord attended the University of Scranton (Pa.), the Pennsylvania School of Banking at Bucknell University and has received numerous certificates from the American Institute of Banking. Ord is chairman of economic development for the Susquehanna County Chamber of Commerce.
Ted Peters, president and chief executive officer of Bryn Mawr Trust Company in Bryn Mawr, Pa., is among the newly appointed members of the advisory council. Peters is a former director of the Pennsylvania Association of Community Bankers and is now serving as director of the Pennsylvania Partnership for Economic Education.
Patrick Ryan, president and chief executive officer of Yardville National Bank in Hamilton, N.J., is also a new member of the advisory council. Ryan has worked for M&T Bank in Buffalo, N.Y.; Marine Midland Bank in New York City; and Howard Savings Bank in Livingston, N.J. He earned his bachelor's degree from the University of Notre Dame.
Wayne R. Weidner, president and chief executive officer of National Penn Bancshares in Boyertown, Pa., was also named to serve on the advisory council. Weidner is serving as director of the Berks County Community Foundation and Penn State Berks Campus Advisory Board. Weidner attended Ursinus College, Stonier Graduate School of Banking, the Bank Management Institute at New York University, the Bank Executive Program at Duke and the PBA School of Banking at Bucknell.
The Federal Reserve Bank of Philadelphia serves depository institutions in Pennsylvania, New Jersey, and Delaware by supplying cash to these banks, credit unions and thrifts, supervising them, collecting and processing nearly 5 million checks daily, wiring money and securities nationwide, as well as participating in setting monetary policy.