Pub. 1 2019 Issue 3

NEWS FROM YOUR Hometown PHILADELPHIA FED ANNOUNCES NEWDIRECTOR TO ITS BOARD Fleetwood Bank is pleased to share the announcement of Timothy Snyder, President and CEO of Fleetwood Bank, being appointed to Class A director of The Federal Reserve Bank of Phil- adelphia. Mr. Snyder’s three-year term began in January 2019. Snyder is President and CEO of Fleetwood Bank, the only community bank based in Berks County, with offices in Blandon, Boyertown, Fleetwood, Kutztown, Lyon Station, Shoemakersville, and Wyomiss- ing. Fleetwood Bank has been serving the local community for over 80 years and is proud to offer all of today’s financial services and solutions. With assets totaling more than $259 million, Fleetwood Bank works to make a difference not only through its banking services, but also by continually giving back to the communities it serves. Snyder is currently on the boards of Opportunity House, a multi- service organization that improves the quality of life for children, adults, and families; Penn State Berks; South Central Transit Authority; United Way of Berks County and the Pennsylvania Association of Community Bankers The Federal Reserve Bank of Philadelphia’s nine-member board of directors oversees bank operations, offers observations on economic conditions, establishes the bank’s discount rate, and is a link be- tween the Federal Reserve and the communities in the Third Dis- trict, which includes eastern Pennsylvania, southern New Jersey, and Delaware. In keeping with the Federal Reserve Act, District member banks elect three Class A directors to represent banking and three Class B directors to represent the public, while the Board of Governors appoints three Class C directors, including the chair and deputy chair of the board, to represent the public. Neither Class B nor Class C directors may be directors or officers of a bank or bank holding company, and Class C directors may not have any financial interests in such organizations. The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank savings and loan holding companies, and provides financial services to depos- itory 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 Federal Reserve Bank of Philadelphia serves eastern Pennsylvania, southern New Jersey, and Delaware. FALATEK ACHIEVES PRESTIGIOUS ACCREDITATION FROMNAGGL’S ADVANCED LENDER DIPLOMA PROGRAM Mid Penn Bank Vice President and Director of SBA/Guaranteed Lending Natalie Falatek recently completed coursework associated with the National Association of Government Guaranteed Lenders (NAGGL) Advanced Lender Diploma Program completing the 7A Accreditation. The 7A Accreditation includes several courses, a case study and a knowledge-based exam. All coursework must be com- pleted within three years. Falatek previously completed coursework for the Fundamental Diploma from NAGGL in 2016. NAGGL serves the government guaranteed lending community, empowering members while meeting their multiple needs. “We are so very proud of Natalie for having completed this rigorous accreditation process over the past two years,” states Mid Penn Bank President & CEO, Rory Ritrievi. “While completing accreditation, Natalie continued to be the go-to person at Mid Penn Bank in the delivery of this very important product line in partnership with the Small Business Administration. The results of her efforts place Mid Penn Bank among the top SBA Lenders in the SBA District in which it operates. Additionally, this accreditation pursuit places her as one of only 39 people in the country who have ever completed the process. That is certainly rarified air.” Ritrievi goes on to say that, “Natalie has always had a laser focus on delivering her very best and she did so again throughout this process.” According to NAGGL, the diploma is “one of the most valuable proofs of expertise in SBA lending”. The NAGGL Advanced Diplo- ma Program provides seasoned SBA professionals with a wealth of existing expertise the opportunity to continue their SBA education in a way that will help them meet the increasingly diverse needs of their management and customers in new and innovative ways. “As SBA Lenders, we must continuously strive to broaden our knowledge so we are able to better assist our small business custom- ers and maintain the integrity of the SBA program,” says Falatek. “I am proud to have achieved the NAGGL 7A Advanced Diploma and look forward to using my new skills to improve and grow Mid Penn Bank’s SBA Loan Program.” Falatek has been employed by Mid Penn Bank for nearly eight years and has 15 years of financial services experience which includes eight years as a commercial lender and five years of SBA experience. Mid Penn Bank is committed to providing the best in SBA lending. In addition to Falatek’s recent achievement, Commercial Loan Officer Christyan Devan is currently on pace to complete the NAGGL’s Fundamental Diploma by December 2019. Timothy Snyder HOMETOWN BANKER | HOMETOWNBANKER.ORG | 33