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Philadelphia Fed Appoints New Community Bank Council Members

For immediate release
Contacts: Katherine Dibling, assistant media advisor, 215-574-4119

Philadelphia, Pa. - The Federal Reserve Bank of Philadelphia has appointed two business leaders to serve on its Community Bank Council for three-year terms beginning in 2005. Council members advise Federal Reserve officials about regional business conditions and economic issues that have an impact on the marketplace.

Allan R. Dennison, president and CEO of AmeriServ Financial Bank in Johnstown, Pa., has more than 37 years of banking experience. He has served as president and CEO of Swineford National Bank headquartered in Snyder County, Pa. His experience also includes senior positions with Mellon Bank of Pittsburgh and Huntington National Bank in Cleveland, Ohio. He is a board member of the Johnstown Area Regional Industries and belongs to the Greater Johnstown Regional Partnership. Dennison has a bachelor’s degree in marketing from Pennsylvania State University.

Mark E. Huntley, vice chairman and CEO of Delaware National Bank in Georgetown, Del., has managerial oversight of Peoples Bank of Elkton, Hagerstown Trust Company, Swineford Bank, and FNB Bank. He also serves on the board of directors for the Delaware Bankers Association. He received a bachelor of arts degree from Syracuse University and attended graduate school at the University of Virginia and George Washington University Law School.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. The Philadelphia Fed serves the Third District, which is composed of eastern Pennsylvania, southern New Jersey, and Delaware.

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