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:

  • R. Scott Smith, Jr., Chairman, President & CEO, Fulton Financial Corporation, Lancaster, PA, has been elected a Class A director by member banks in Electoral Group 1. Mr. Smith's term will begin January 1, 2011.

  • Keith S. Campbell, Chairman, Mannington Mills, Inc., Salem, NJ, has been re-elected a Class B director by member banks in Electoral Group 2. Mr. Campbell's term will begin January 1, 2011.

Additionally, the following appointments were made by the Board of Governors of the Federal Reserve System and are effective January 1, 2011:

  • Charles P. Pizzi, President & CEO, Tasty Baking Company, Philadelphia, PA, has been reappointed Chairman of the Board of Directors.

  • Jeremy Nowak, President & CEO, The Reinvestment Fund, Philadelphia, PA, has been reappointed to another three-year term as Deputy Chairman of the Board of Directors.

Federal Reserve Bank of Philadelphia - 2011 Board of Directors

Charles Pizzi, Chairman

President & CEO
Tasty Baking Company

Jeremy Nowak, Deputy Chairman

President & CEO
The Reinvestment Fund

Michael F. Camardo

Retired Executive Vice President
Lockheed Martin Information & Technology Services

Keith S. Campbell

Chairman
Mannington Mills, Inc.

Deborah M. Fretz

President/CEO/Director
Sunoco Logistics

Aaron L. Groff, Jr.

Chairman, President & CEO
The Ephrata National Bank

James Nevels

Chairman
The Swarthmore Group

Frederick (Ted) C. Peters

President & CEO
Bryn Mawr Trust Company

R. Scott Smith, Jr.

Chairman, President & CEO
Fulton Financial Corporation
Lancaster, PA

Additional information:

Inquiries concerning this circular letter should be directed to Linda O’Donnell, Assistant to the Corporate Secretary, at (215) 574-6389.