PERKASIE, Pa. (January 2022) โ Jeane M. Vidoni, president and CEO of Penn Community Bank, the largest mutual bank in eastern Pennsylvania, has been appointed by the Federal Reserve Board of Governors to serve as vice chair of the Community Depository Institutions Advisory Council (CDIAC).
CDIAC advises the board on the economy, lending conditions, and other issues of interest to community depository institutions. Members are selected from representatives of commercial banks, thrift institutions, and credit unions serving on local advisory councils at the 12 Federal Reserve Banks. CDIAC meets twice a year with the Federal Reserve Board in Washington, D.C.
โCommunity bankers have their fingers on the pulse of our local economy and understand the impact of national policy on the businesses and customers we serve. As chair of the Federal Reserve Bank of Philadelphiaโs CDIAC โ and now with an expanded role as the vice chair of the national council โ itโs my duty to ensure that decision makers understand the economic and business trends facing community depository institutions here, and around the country,โ said Vidoni. โI am honored to have the opportunity to advocate for community banks, local businesses, and our customers by lending my voice to the Fedโs policymaking process.โ
Vidoni has been a member of the Federal Reserve Bank of Philadelphiaโs CDIAC (Third Federal Reserve District) since 2016, serving as chair since 2020.
In addition to CDIAC, she is an active leader in the Pennsylvania business and financial community, donating her time and leadership talents to several industry groups, including as Pennsylvania Member Director on the board of directors of the Federal Home Loan Bank (FHLB) of Pittsburgh, which supports homeownership programs throughout Delaware, West Virginia, and Pennsylvania. Locally, Vidoni is a member of the Bucks County Workforce and Economic Development Board, past president of the board of directors of the Central Bucks Chamber of Commerce, member of the advisory council of Habitat for Humanity of Bucks County, and on the board of directors of the United Way of Bucks County. A graduate of Muhlenberg College, she holds an MBA from Saint Josephโs University.
About Penn Community Bank: Penn Community Bank holds more than $2.6 billion in assets, employs more than 300 people, and offers banking, lending and investments at financial centers and administrative centers throughout Bucks and Montgomery counties, Pennsylvania. As an independent, mutual financial institution, Penn Community Bank is not publicly traded and operates with its long-term mission in mind: to help businesses grow and prosper, to provide financial resources to individuals and families throughout their lifetimes, to strengthen the local economy, and to partner with local organizations to act as a catalyst for positive growth in every market it serves.
