Philadelphia, PA — The Federal Reserve Bank of Philadelphia announces the appointments of Timothy Snyder, president and CEO of Fleetwood Bank, as a Class A director, and Julia H. Klein, chairwoman and CEO of C.H. Briggs Company, Inc., as a Class B director. Both three-year terms began in January 2019.
Brian McNeill, president and CEO of Touchpoint, Inc. and CEO of Southco, and Phoebe Haddon, chancellor of Rutgers University–Camden, were reappointed as Class C directors as chairman and deputy chairman, respectively.
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 Wyomissing. Previously, he was senior vice president and director of specialized banking services at National Penn Bank for 16 years. In this role, he led a team developing cash management, government banking, and international and merchant services. Snyder is currently on the boards of Opportunity House, a multiservice organization that improves the quality of life for children, adults, and families; Penn State Berks; South Central Transit Authority; and United Way of Berks County.
As chairwoman and CEO of C.H. Briggs Company, Inc., Klein has expertise in strategy, governance, mergers and acquisitions, technology, and supply-chain solutions in the residential and commercial construction industries. During her tenure, she successfully integrated six acquisitions, expanding the company’s footprint throughout the Mid-Atlantic and Southeast regions. Having led the company for more than 25 years, Klein transformed the local business into one of the largest independently owned distributors of specialty building materials in the country.
Klein is a board member of the Eastern States Group, a leader in the home building, leasing, self-storage, construction, and development industries. She previously served as board chair of Berks County Community Foundation and board member of the Reading Health System. She is on the advisory boards of the Raj and Kamla Gupta Governance Institute at Drexel University’s LeBow College of Business, Springboard Enterprises, and Modern Distribution Management. Klein is also a trustee of the College of Wooster and a gubernatorial appointee to the Pennsylvania Early Learning Investment Commission. Klein has a master’s degree in public policy from the University of Chicago and a bachelor’s degree from the College of Wooster.
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 between the Federal Reserve and the communities in the Third District, 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 depository 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.
C.H. Briggs markets and distributes specialty building materials. Founded in 1967 and operating in North America, C.H. Briggs offers a wide range of innovative products and services in hardware, board and surfacing materials. The company is the preferred sourcing partner for creators and users of commercial and residential interior and exterior building spaces.
Manager, Media Relations
The Federal Reserve Bank of Philadelphia
Media Relations Representative
The Federal Reserve Bank of Philadelphia