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Philadelphia Fed Appoints New Community Banking Council Members

For release: July 11, 2003
Contact: Marilyn Wimp, media advisor, (215) 574-4197

PHILADELPHIA - The Federal Reserve Bank of Philadelphia has appointed five business leaders to serve on its Community Bank Council for three-year terms beginning in 2003. Council members advise Federal Reserve officials about regional business conditions and economic issues that have an impact on the marketplace.

Robert E. Forse is chairman, president, and CEO of Woodlands Bank, Williamsport, Pa. Forse sits on the board of the Pennsylvania Bankers Association and belongs to the Pennsylvania Association of Community Bankers. He serves as chairman of LUN Data, based in Montandon, Pa., and as vice president and director of Faxon Co., based in Williamsport, Pa. He sits on the boards of the Lycoming Neighborhood Development Corp., the Williamsport-Lycoming Co. Chamber of Commerce, and the Muncy School District. Forse holds a bachelor's degree in economics from Susquehanna University, and an MBA in finance from Wilkes University, and is a graduate of the Stonier Graduate School of Banking at Rutgers University.

Mark D. Gainer is president and CEO of Union National Community Bank. Gainer serves the Pennsylvania Bankers Association as a member of the governing council and by working with the Contact Banker Team to communicate with legislators. He is a member of the Lancaster Chamber of Commerce finance council and the Mount Joy Rotary Club. He serves as president of Main Street Mount Joy, and also participates in the Community Connecting with Children mentorship program. Gainer graduated with honors from the Stonier Graduate School of Banking at the University of Delaware and holds a bachelor's degree in finance from Penn State University.

Aaron L. Groff Jr. is chairman of the board, president, and CEO of Ephrata National Bank. Groff serves as director for ASSETS, a non-profit organization involved in business incubator training, as well as Ephrata Economic Development Corp., a non-profit organization giving council and guidance to enhance the central business district of Ephrata.

Eugene W. Rogers is CEO and director of Newfield Bancorp Inc. Rogers is chairman of the South Jersey Community Bankers Association and former director of the New Jersey Bankers Association. He is director of the Atlantic Central Bankers Bank and sits on the advisory board of Kennedy Hospital. Rogers attended Fairleigh Dickinson University, Teaneck, N.J.

William E. Snell Jr. is president and CEO of Farmers and Merchants Trust Company, as well as president and CEO of Franklin Financial Services Corporation, the parent company of the former. He was on the executive committee of the Pennsylvania Bankers Association and the advisory and governing councils of the Central Atlantic School of Banking. Honored as "Business Person of the Year" by the Chambersburg Chamber of Commerce and Industry in 2002, Snell is chairman of the board of the Capitol Theatre Center Foundation, as well as the Chambersburg Area Development Corporation. He also serves the Carlisle Dickinson Council, the Cumberland Valley Regional Development Corporation, Summit Heath, and Wilson College. Snell holds an MBA from the Tulane University Graduate School of Business Administration and a bachelor's degree from Dickinson College, Carlisle, Pa.

The Federal Reserve Bank of Philadelphia serves depository institutions in eastern Pennsylvania, southern New Jersey, and Delaware. The Bank supplies cash to the 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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Media Contacts

Marilyn Wimp, ABC E-mail
Manager of Media Relations
(215) 574-4197
(267) 254-4555 (cell)

Daneil Mazone E-mail
Media Relations Representative
(215) 574-7163
(267) 535-1808 (cell)