Jeane M. Vidoni will serve as the Pennsylvania Member Director for the Mid-Atlantic financial institution
DOYLESTOWN, Pa. (November 2018) – Penn Community Bank, the region’s leading independent, mutual bank, is pleased to announce that President and CEO Jeane M. Vidoni has been elected as the Pennsylvania Member Director for the Federal Home Loan Bank (FHLBank) of Pittsburgh’s Board of Directors. She will serve a four-year term beginning on Jan. 1, 2019.
“I am honored to be elected as the Pennsylvania Member Director for FHLBank of Pittsburgh,” said Vidoni. “I look forward to working with my colleagues on the board to serve our member organizations and encourage sustainable economic growth in our region.”
As president and CEO of Penn Community Bank, Pennsylvania’s second-largest mutual bank, Vidoni’s primary mission is to ensure that the Philadelphia region has the option to do business with a locally based, independently run financial organization. Throughout her 35-year career in the banking profession, Vidoni has served in various roles at local, regional and national banks throughout the Philadelphia region. When Penn Community Bank was formed in 2015 through the unification of two Bucks County mutual banks, Vidoni was tapped to lead the new financial organization, which offers banking, lending, insurance and investments.
Since then, Penn Community Bank has opened two additional branch locations, including its first in Montgomery County, and has added more than 30 new jobs, a job growth rate of 10 percent. That growth was recognized with the 2017 Economic Impact Champion of Commerce award from the Lower Bucks County Chamber of Commerce. Vidoni also was recognized for her leadership in the financial industry as an Influencer of Finance in Philadelphia Media Network’s 2018 awards program.
FHLBank of Pittsburgh provides readily available liquidity, as well as affordable housing and community development opportunities, to member financial institutions of all sizes in Delaware, Pennsylvania and West Virginia. The bank is one of 11 banks in the Federal Home Loan Bank System, which was established by Congress in 1932 and serves as a reliable source of funds for housing, jobs and growth in all economic cycles.
About Penn Community: Penn Community Bank holds $2 billion in assets, employs more than 300 people, and offers banking, lending, insurance and investments at 24 bank branches and two administrative centers throughout Bucks County and Montgomery County, 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.