To: All Member Banks in the Third Federal Reserve District

Attention: Chief Executive Officer

Subject: Election Results and Other Appointments


We are pleased to announce the following election results:

  • Walter E. Daller, Jr., Chairman, President & Chief Executive Officer, Harleysville National Corporation, Harleysville, Pennsylvania, has been elected a Class A director by member banks in Electoral Group 1.
  • P. Coleman Townsend, Jr., Chairman & Chief Executive Officer, Townsends, Inc., Wilmington, Delaware, has been elected a Class B director by member banks in Electoral Group 2.

Mr. Daller's and Mr. Townsend's three-year terms will begin January 1, 2002.

We are pleased to announce the following appointments that were made by the Board of Governors of the Federal Reserve System and are effective January 1, 2002:

  • Charisse R. Lillie, Partner, Ballard Spahr Andrews & Ingersoll, Philadelphia, Pennsylvania, has been re-appointed Chairman of the Board of Directors.
  • Glenn A. Schaeffer, President, Pennsylvania Building & Construction Trades Council, Harrisburg, Pennsylvania, has been re-appointed Deputy Chairman of the Board of Directors.

Our Board of Directors made the following appointment:

  • Rufus A. Fulton, Jr., Chairman and Chief Executive Officer, Fulton Financial Corporation, Lancaster, Pennsylvania, has been appointed by the Board of Directors of this Reserve Bank to represent the Third District on the Federal Advisory Council during 2001.

Federal Reserve Bank of Philadelphia


  • Charisse R. Lillie, Chairman
    Ballard Spahr Andrews & Ingersoll
  • Glenn A. Schaeffer, Deputy Chairman
    Pennsylvania Building & Construction Trades Council
  • Robert E. Chappell
    Chairman & Chief Executive Officer
    The Penn Mutual Life Insurance Company
  • Walter E. Daller, Jr.
    Chairman, President & Chief Executive Officer
    Harleysville National Corporation
  • Doris M. Damm
    President & Chief Executive Officer
    ACCU Staffing Services
  • Frank Kaminski, Jr.
    Atlantic Central Bankers Bank
  • P. Coleman Townsend, Jr.
    Chairman & Chief Executive Officer
    Townsends, Inc.
  • Ronald J. Naples
    Chairman & Chief Executive Officer
    Quaker Chemical Corporation
  • Robert J. Vanderslice
    President & Chief Operating Officer
    Pennsville National Bank

Additional Information: Inquiries concerning this circular letter should be directed to Herbert E. Taylor, Vice President and Secretary, at (215) 574-6439.