For immediate release
Contact: Katherine Dibling, senior media representative, (215) 574-4119
Philadelphia, Pa. —The Federal Reserve Bank of Philadelphia today announced the appointment of Glenn L. Wilson, president and CEO of AmeriServ Financial, Inc. and AmeriServ Financial Bank, Johnstown, Pa., to serve a three-year term on the Bank's Community Depository Institutions Advisory Council (CDIAC).
The 12-member CDIAC includes representatives from commercial banks, thrift institutions, and credit unions in the Third Federal Reserve District, which covers Delaware, southern New Jersey, and eastern Pennsylvania.
The council convenes twice a year in Philadelphia to share insights on economic and business trends facing community depository institutions in their local markets. Subsequent to each local meeting, a representative from Philadelphia's council joins counterparts from other Federal Reserve Banks at a meeting hosted by the Federal Reserve Board of Governors in Washington, D.C.
Glenn L. Wilson
Wilson joined AmeriServ Financial, Inc. in 2009. Prior to his current position, he served as the Greater Maryland Region Credit Executive for PNC Bank in Laurel, Md. From 2003 to 2007, he was president and CEO of Mercantile Bankshares affiliate, Citizens National Bank, in Laurel, Md. Wilson serves on the boards of the Pennsylvania Bankers Association, Johnstown Area Regional Industries, Johnstown Regional Partnership, and the Lift Johnstown Initiative.
He is also a past national chair for the Risk Management Association (RMA), which helps banking and nonbanking institutions identify and manage the impacts of credit risk, operational risk, and market risk on their businesses and customers. Wilson has a bachelor's degree in business management from Maryland's Towson State University, from which he graduated magna cum laude.
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.