To: All Member Banks in the Third Federal Reserve District
Attention: Chief Executive Officer
Subject: NOMINATION AND ELECTION OF RESERVE BANK DIRECTORS
In accordance with the provisions of Section 4 of the Federal Reserve Act and Circular Letter 5755, dated September 7, 2021, an election is being conducted to determine successors for the following directors:
Timothy Snyder, president and chief executive officer, Fleetwood Bank, Fleetwood, PA, is completing his first term as a Class A, Group 3 director. He is eligible for reelection and is willing to continue service, if elected. Group 3 banks will elect the director to fill this position, which will begin a three-year term on January 1, 2022.
Julia Klein, chair and chief executive officer, C. H. Briggs Company, Reading, PA, is completing her first term as a Class B, Group 1 director. She is eligible for reelection and is willing to continue service, if elected. Group 1 banks will elect the director to fill this position, which will begin a three-year term on January 1, 2022.
Patricia Hasson, retired president and executive director, Clarifi, Philadelphia, PA, is completing an additional year as a Class B, Group 3 director. She is not running for reelection. Group 3 banks will elect her successor to serve a three-year term beginning on January 1, 2022.
The names of the candidates nominated and the banks that made the nominations are listed herein. A brief biographical sketch of each candidate is also provided. Please log on to the Electronic Election Tool to submit your ballots for nominees in Group 1 and Group 3 banks.
A list of banks in each group and the officers authorized to vote is included herein. The group in which a member bank is entitled to vote is determined by its classification using the most recent quarterly data available, even though its capital and surplus may change before the polls close. When two or more banks are subsidiaries of the same holding company, only one of them may vote in this election.
ACTION REQUIRED TO VOTE
The Federal Reserve Act allows 15 days for balloting. The polls will open on October 18, 2021, and will close at 12:00 noon on November 4, 2021.