For immediate release

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

Philadelphia, PA —The Federal Reserve Bank of Philadelphia today announced the appointments of Elizabeth D. Albano, president and CEO of Artisans’ Bank, and Jon P. Conklin, president and CEO of Woodlands Bank, to its Community Depository Institutions Advisory Council. Albano and Conklin will begin their three-year terms in October 2020.

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.

As president and CEO of Artisans’ Bank, Albano brings more than 30 years of experience in multiple disciplines, including audit, finance, strategic planning, and management. She serves on the Federal Home Loan Bank of Pittsburgh’s member advisory board and the president’s advisory council of Mount Saint Mary’s University. Albano has a bachelor’s degree in business and finance from Mount Saint Mary’s University.

Conklin is the president and CEO of Woodlands Bank, where he previously served as vice president and chief financial officer. He serves as the chairman of the Pennsylvania Association of Community Bankers and enjoys working with several community organizations in Lycoming and Clinton counties in Pennsylvania, as well as the Pennsylvania Interscholastic Athletic Association Inc.’s wrestling championships. Conklin earned a bachelor’s degree in accounting from the Pennsylvania State 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.