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:

  • Peter Ruggiero, president and chief executive officer, Crayola, Easton, Pennsylvania, has been elected as a Class B director by member banks in Electoral Group 2. Ruggiero’s three-year term is effective January 1, 2026.

Federal Reserve Bank of Philadelphia Board of Directors 2026

William Lo, chair

Chief Executive Officer
Crystal Steel Fabricators, Inc.

Kisha Hortman Hawthorne, deputy chair

Senior Vice President and Chief Operating Officer
Care Network and Behavioral Health and Crisis Center at the
Children’s Hospital of Philadelphia

Randall E. Black

President and Chief Executive Officer
Citizens Financial Services, Inc. and First Citizens Community Bank

Michael DiPiano

Managing General Partner and Chairman
NewSpring Capital

Brian W. Jones

President and Chief Executive Officer
The First National Bank of Elmer

Sharmain Matlock-Turner

Chief Executive Officer
Urban Affairs Coalition

Curtis J. Myers

Chairman and Chief Executive Officer
Fulton Bank and Fulton Financial Corporation

Bret Perkins

Senior Vice President of External and Government Affairs
Comcast Corporation

Peter Ruggiero

President and Chief Executive Officer
Crayola

Federal Advisory Council Representative

Rodger Levenson

Chairman, President, and Chief Executive Officer
WSFS Financial Corporation and WSFS Bank
Effective: January 1, 2026, to December 31, 2026

Additional Information

Inquiries concerning this circular letter should be directed to Marla Chazin, assistant to the corporate secretary at 215-574-3838, or marla.chazin@phil.frb.org.