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Philadelphia Fed Appoints Three to Community Banking Council

For release: August 21, 2002
Contact: Kathy Woodbury, (215) 574-4119

PHILADELPHIA - The Federal Reserve Bank of Philadelphia has appointed three business leaders to serve on its Community Bank Council for a three-year term beginning in 2002. Council members advise Federal Reserve officials about regional business conditions and economic issues that have an impact on the marketplace. The council members are:

George W. Nise, president and CEO of Beneficial Savings Bank, Philadelphia, sits on the boards of the American Heart Association, Police Athletic League, Citizens' Crime Commission, and Holy Redeemer Health Systems. He is the treasurer and director of the Hero Scholarship Fund of Philadelphia. Nise holds a bachelor's degree from Temple University and is a graduate of the Wisconsin University School of Bank Administration.

William Leandri, president and CEO of Luzerne National Bank, serves as chairman of the education committee and a member of the executive committee of the Pennsylvania Bankers Association. He holds a bachelor's degree in economics and an MBA in finance from Wilkes College, Wilkes-Barre, Pa., now Wilkes University.

Joseph E. Chippie, president and CEO of the First National Bank of Wyoming, Wyoming, Del., is a former chairman and current member of the Delmarva Data Processing Center Inc., based in Easton, Md. He serves on the loan committee for the Delaware Community Investment Corp. and on the Governor's Council on Banking for Delaware. Chippie holds a bachelor's degree in business administration and economics from Delaware State University.

The Federal Reserve Bank of Philadelphia serves depository institutions in eastern Pennsylvania, southern New Jersey and Delaware. The Bank supplies cash to these banks and thrifts, supervises them, collects and processes about 5 million checks daily, wires money and securities nationwide, and participates in the broader objective of setting monetary policy.

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