For immediate release
Contact: Sarah Katz, Media Relations
Philadelphia, PA—The Federal Reserve Bank of Philadelphia today announced the appointment of Troy A. Peters, president and CEO of JBT Bancorp, Inc., and its subsidiary, Jonestown Bank & Trust Co., to its Community Depository Institutions Advisory Council (CDIAC). Peters will begin his three-year term in October 2025.
Peters has over 30 years of experience in community banking and has been president and CEO of Jonestown Bank & Trust Co. for the past 14 years. He became president and CEO of JBT Bancorp Inc. in 2021. Previously, Peters held various positions in PNC Bank and former Mellon Bank, now part of BNY Mellon, in the Harrisburg area. Peters has also served as a former chairman for the Pennsylvania Association of Community Bankers (PACB).
Peters currently serves on the boards of PACB Services, Inc.; the Lebanon Valley Family YMCA; and the Community Homes of Lebanon County.
About CDIAC
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.
About the Federal Reserve Bank of Philadelphia
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises state member banks, bank holding companies, and 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 and central Pennsylvania, southern New Jersey, and Delaware.