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 5781, dated February 24, 2025, an election is being conducted to determine a successor for the following director:
Due to other commitments, Christopher D. Maher, chairman and chief executive officer of OceanFirst Financial Corp. and OceanFirst BankN.A., Toms River, NJ stepped down from his position on the Board as a Class A director. Group 1 banks will elect Mr. Maher's successor to complete one year of an unexpired term beginning April 15, 2025, and serve to fill a three-year term beginning January 1, 2026.
The name of the candidate nominated and the banks that made the nominations are listed herein. A brief biographical sketch of the candidate is also provided. Please log on to the Electronic Election Tool to submit a ballot.
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 March 31, 2025, and close at 2:00 p.m. on April 14, 2025.
ADDITIONAL INFORMATION
Inquiries concerning this circular letter should be directed to Marla Chazin, Office of the Secretary, at 215-574-3838, or marla.chazin@phil.frb.org.