Buckingham, PA, July 30, 2016 --(PR.com
)-- The Federal Reserve Bank of Philadelphia has appointed Jeane M. Coyle, president and CEO of Penn Community Bank, to serve on its Community Depository Institutions Advisory Council (CDIAC).
Coyle joins four additional members also newly appointed to CDIAC: David J. Hanrahan, president and CEO of Capital Bank of New Jersey, Vineland, N.J.; Mark E. Huntley, president and CEO of Artisans’ Bank, Wilmington, Del.; Matthew P. Prosseda, president and CEO of First Keystone Community Bank in Berwick, Pa.; J. Bradley Scovill, president and CEO of Citizens & Northern Corporation, Wellsboro, Pa. Each appointee will serve a three-year term beginning fall 2016.
CDIAC is a 12-member council composed of representatives from commercial banks, thrift institutions, and credit unions. The council convenes twice a year with Philadelphia Federal Reserve officials to share insights on economic and business trends facing community depository institutions in their local markets. Subsequent to each local meeting, a representative from the Philadelphia council joins counterparts from other Federal Reserve Banks at a meeting hosted by the Federal Reserve Board of Governors in Washington, D.C.
As president and CEO of Penn Community Bank, Coyle guides the operations and growth of the independent, mutual financial organization that serves Bucks County and the surrounding greater Philadelphia and Lehigh Valley regions. She previously served in leadership roles at First Federal of Bucks County, Meridian Bancorp, Progress Bank, Harleysville National Bank, and Citizens Bank.
An active member of the Bucks County community, Coyle serves on the boards of directors of the Bucks County Opportunity Council and the United Way of Bucks County. She holds an MBA from Saint Joseph’s University and a bachelor’s degree in business administration from Muhlenberg College. A native of Allentown, Pennsylvania, she lives in Yardley, Bucks County.
About the Federal Reserve Bank of Philadelphia: The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank savings and loan holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.
About Penn Community Bank: Penn Community Bank holds more than $1.8 billion in assets and employs more than 300 people at 22 bank branches and two administrative centers throughout Bucks County. As an independent, mutual financial institution, Penn Community Bank is not publicly traded and operates with its long-term mission in mind: to help businesses grow and prosper, to support individuals and families throughout their lifetimes, to strengthen the local economy, and to partner with local organizations to act as a catalyst for positive growth in every market it serves.