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Philadelphia Fed Appoints Boyertown Banker to its Board

For release: December 8, 2004 at noon
Contact: Kathy Dibling, 215-574-4119

PHILADELPHIA, Pa. – The Federal Reserve Bank of Philadelphia has appointed Wayne R. Weidner, chairman and CEO of National Penn Bancshares, Inc., a $4.3 billion financial services company headquartered in Boyertown, Pa., to its board of directors for a three-year term beginning in January 2005. Each of the 12 Reserve Banks has a nine-member board of directors, which oversees Bank operations.

Weidner also is chairman of National Penn Bank. He is a member of the capital campaign steering committee for Reading Area Community College and a campaign advisor for Boyertown Area Multi-Services. He also is a director the Hawk Mountain Council, Boy Scouts of America and a committee chairman for the Oley Valley Community Fair.

He is a director of the Penn State Berks Campus Advisory Board. In addition, he serves on the boards of Link Financial Services Inc.; National Penn Mortgage Company; National Penn Life Insurance Company, and NPB Delaware, Inc. He is a former member of the Philadelphia Federal Reserve’s Community Banking Council.

Weidner received an associate degree in Business Administration from Ursinus College. He is a graduate of the Stonier Graduate School of Banking, the Bank Management Institute Commercial Lending Program at New York University, the BAI Bank Executive Program at Duke University and the PBA School of Banking at Bucknell University.

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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