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:

  • John Gerlach, President & CEO, Pocono Community Bank, Stroudsburg, PA, has been elected a Class A director by member banks in Electoral Group 2.
    Mr. Gerlach's term will begin January 1, 2006.
  • Audrey S. Oswell, President & CEO, Resorts Atlantic City, Atlantic City, NJ, has been elected a Class B director by member banks in Electoral Group 3.
    Ms. Oswell's term will begin on January 1, 2006.

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, 2006:

  • Doris M. Damm, President & CEO, ACCU Staffing Services, Cherry Hill, NJ, has been appointed Chairman of the Board of Directors.
  • William F. Hecht, Chairman, President & CEO, PPL Corporation, Allentown, PA, has been appointed Deputy Chairman of the Board of Directors
  • Charles P. Pizzi, President & CEO, Tasty Baking Company, Philadelphia, PA, has been appointed Class C director.

Our Board of Directors also made the following appointment:

  • Ted Cecala, Chairman & CEO, Wilmington Trust Company, Wilmington, DE, has been appointed by the Board of Directors of this Reserve Bank to represent the Third District on the Federal Advisory Council during 2006.

Federal Reserve Bank of Philadelphia - Board of Directors 2006

  • Doris M. Damm, Chairman
    President & CEO
    ACCU Staffing Services
  • William F. Hecht, Deputy Chairman
    Chairman, President & CEO
    PPL Corporation
  • John Gerlach
    President & CEO
    Pocono Community Bank
  • Garry L. Maddox
    A. Pomerantz & Company
  • Audrey S. Oswell
    President & CEO
    Resorts Atlantic City
  • Eugene W. Rogers
    CEO & Director
    Newfield National Bank
  • Charles P. Pizzi
    President & CEO
    Tasty Baking Company
  • P. Coleman Townsend, Jr.
    Chairman & CEO
    Townsends, Inc.
  • Wayne R. Weidner
    National Penn Bank

Additional Information:

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