Wayne Bank CEO to Begin Term on Federal Reserve Bank of Philadelphia Council

The Federal Reserve Bank of Philadelphia today announced a new chair and two new members of its Community Depository Institutions Advisory Council (CDIAC), including James Donnelly, CEO of Wayne Bank.

James Donnelly, president and CEO of Wayne Bank and Norwood Financial Corp, and Jeffrey Kapsar, president and CEO of Mifflinburg Bank and Trust Company, today began three-year terms on the CDIAC.

Jeffrey Stopko, president and CEO of AmeriServ Financial, Inc., has been appointed as chair to represent the Third Federal Reserve District on the Federal Reserve Board’s CDIAC for 2024. Stopko has been a member of the Philadelphia Fed’s advisory council since 2021.

About James Donnelly

Donnelly has been president and CEO of Wayne Bank and Norwood Financial Corp, headquartered in Honesdale, PA, since May 2022. Donnelly also serves on the board of directors for Wayne Bank and Norwood Financial Corp, and on the Leadership, Officers Loan, Asset Quality, ALCO, and 401(k) Committees.

Donnelly previously worked at Bangor Savings Bank, Machias Savings Bank, and KeyBank, where he started his banking career in 1991.