The Federal Reserve Bank of Philadelphia has appointed Troy A. Peters, president and CEO of JBT Bancorp, Inc., and its subsidiary Jonestown Bank & Trust Co., to the Community Depository Institutions Advisory Council (CDIAC). Peters will begin his three-year term in October 2025.
Peters brings more than 30 years of experience in community banking. He has served as president and CEO of Jonestown Bank & Trust Co. for the past 14 years and became president and CEO of JBT Bancorp Inc. in 2021. His previous roles include positions at PNC Bank and Mellon Bank, now part of BNY Mellon, in the Harrisburg area. Peters is also a former chairman for the Pennsylvania Association of Community Bankers (PACB).
In addition to his professional roles, Peters serves on several boards, including PACB Services, Inc.; the Lebanon Valley Family YMCA; and the Community Homes of Lebanon County.
The CDIAC consists of 12 members representing commercial banks, thrift institutions, and credit unions. The council meets twice annually with officials from the Federal Reserve Bank of Philadelphia to discuss economic and business trends affecting community depository institutions within their regions. Following each local meeting, a representative from the Philadelphia council participates in a gathering with counterparts from other Federal Reserve Banks at an event hosted by the Board of Governors in Washington, D.C.
The Federal Reserve Bank of Philadelphia is responsible for helping to formulate monetary policy, supervising certain financial institutions, and providing services to depository institutions as well as the federal government. It is one of twelve regional Reserve Banks that work alongside the Board of Governors in Washington, D.C., serving eastern and central Pennsylvania, southern New Jersey, and Delaware.
