For immediate release
Contact: Joey Lee, Media Relations, 215-574-3840
Philadelphia, PA —The Federal Reserve Bank of Philadelphia today announced the appointments of Donna LoStocco, president and CEO of First Commonwealth Federal Credit Union, and Lori A. Maley, vice chairman, president, and CEO of Bank of Bird-in-Hand, to its Community Depository Institutions Advisory Council. LoStocco and Maley will begin their three-year terms in March 2020.
Jeane Vidoni, president and CEO of Penn Community Bank, was appointed as chair to represent the Third Federal Reserve District on the Federal Reserve Board’s Community Depository Institutions Advisory Council for 2020. Vidoni has been a member of the advisory council since 2016.
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.
LoStocco brings more than 25 years of financial services experience. She is president and CEO of First Commonwealth Federal Credit Union, which is the largest credit union in the Lehigh Valley. Under her leadership, First Commonwealth launched its Corporate Social Responsibility program in 2018 to focus on financial education; community partnerships; volunteerism; and diversity, equity, and inclusion. Prior to this role, LoStocco was the chief experience officer at Affinity Federal Credit Union in New Jersey. LoStocco currently serves on the Greater Lehigh Valley Chamber of Commerce board, the Volunteer Center of the Lehigh Valley board, the Delaware Valley Credit Union Executive Society board, and the DeSales Presidents Council and is a member of the Women’s Giving Circle. She previously served as chair of the Somerset County Business Partnership board, the Ridewise board, and the Raritan Valley Community College Foundation board. She earned her M.B.A. from the University of Phoenix and her bachelor’s of science in business administration from Thomas Edison State College.
Maley is vice chairman, president, and CEO of Bank of Bird-in-Hand, a community-owned bank serving eastern Lancaster County and western Chester County with a strong focus on agricultural, small business, and consumer lending. From the bank’s inception in 2013 until 2017, Maley served as the bank’s chief financial officer and executive officer, as well as the assistant treasurer and assistant secretary. Prior to joining the bank, she was the acting chief accounting officer, controller, and senior vice president of Customers Bank, based in Phoenixville, Pa. She had previously served as the chief financial officer, executive vice president, and treasurer of Berkshire Bank, based in Wyomissing, Pa., and as the comptroller of Pennsylvania National Bank. She sits on the Conference of State Bank Supervisors Bankers Advisory Board and the Federal Deposit Insurance Corporation Advisory Committee on Community Banking. Maley is a certified public accountant and holds a master’s degree in finance from St. Joseph University and a bachelor’s of science in business administration with a concentration in accounting from Bloomsburg 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.