Philadelphia Fed appoints Jonestown Bank president to advisory council

The Federal Reserve Bank of Philadelphia on Oct. 9 announced the appointment of Troy A. Peters, president and CEO of JBT Bancorp Inc. and Jonestown Bank & Trust Co., to its Community Depository Institutions Advisory Council.

The 12-member council, composed of representatives from commercial banks, thrift institutions, and credit unions, convenes twice a year with officials from the Federal Reserve Bank of Philadelphia to share insights about economic and business trends facing community depository institutions in their local markets.

Peters will begin his three-year term this month.

According to a statement from the council, Peters has over 30 years of experience in community banking and has been president and CEO of Jonestown Bank & Trust Co. for the past 14 years and president and CEO of JBT Bancorp Inc. for the past four. He previously held positions at PNC Bank and the former Mellon Bank, now part of BNY Mellon, in the Harrisburg area.

Peters currently serves on the boards of PACB Services Inc., Lebanon Valley Family YMCA, and Community Homes of Lebanon County. He chairs the Independent Community Bankers of America’s Cyber and Data Security Committee and is past chairman of the Pennsylvania Association of Community Bankers.

He graduated with distinction from the Stonier Graduate School of Banking at Georgetown University and from the Graduate School of Banking at Colorado. He is a graduate of York College of Pennsylvania with a B.S. degree in business management with a banking and finance concentration and a minor in marketing.