For immediate release

Contact: Joey Lee, Media Relations, 215-574-3840

Philadelphia, PA — The Federal Reserve Bank of Philadelphia today announced the appointments of Eric Hoerner, CEO of MidCoast Community Bancorp, Inc., based in Wilmington, DE, and Brian W. Jones, president/CEO and director of The First National Bank of Elmer in New Jersey, to its Community Depository Institutions Advisory Council. Hoerner and Jones will begin their three-year terms in March 2019.

The 12-member council is composed of representatives from commercial banks, thrift institutions, and credit unions. The group convenes twice a year with officials from the Federal Reserve Bank of Philadelphia to share insights about economic and business trends facing community depository institutions in their local markets. After each local meeting, a representative from the Philadelphia council joins counterparts from other Federal Reserve Banks at a meeting hosted by the Board of Governors of the Federal Reserve System in Washington, D.C.

Hoerner brings more than 38 years of financial services industry experience as the current CEO of MidCoast Community Bancorp. He serves on the American Bankers Association’s Community Bankers Council, the board of directors of the Delaware Bankers Association, and the boards of MidCoast Community Bancorp, Nantahala Bank & Trust Co., Greenleaf Financial Group, and Lancaster Theological Seminary. Hoerner holds a master professional director certification from the American College of Corporate Directors and is a graduate of Bucknell University.

As president/CEO and director of The First National Bank of Elmer, Jones provides leadership for all bankwide initiatives, programs, and activities. He serves on the Board of Trustees and the Finance Committee for Friends School Mullica Hill, the Executive Advisory Council for Rohrer College of Business at Rowan University, and the Risk Management Association’s National Community Bank Council. He cochairs the Southern New Jersey Development Council’s Education/Workforce Development Committee and is chairman of the Past Presidents Council for the Garden State Council Boy Scouts of America. Jones is a graduate of the American Bankers Association Stonier Graduate School of Banking at the University of Delaware and earned his bachelor’s degree in administrative studies from Rowan University.

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 Federal Reserve Bank of Philadelphia serves eastern Pennsylvania, southern New Jersey, and Delaware.