Philadelphia Fed Appoints New Member to Community Depository Institutions Advisory Council

For immediate release

Contact: Kelly Antonacci, Media Relations

Philadelphia, PA - The Federal Reserve Bank of Philadelphia today announced the appointment of Eugene J. Draganosky, chief executive officer of Traditions Bank, to its Community Depository Institutions Advisory Council (CDIAC). Draganosky began his three-year term in March 2023.

The 12-member council is composed of representatives from commercial banks, thrift institutions, and credit unions. The group 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. After each local meeting, a representative from the Philadelphia council joins counterparts from other Federal Reserve Banks at a meeting hosted by the Board of Governors of the Federal Reserve System in Washington, D.C.

Draganosky is the chief executive officer and chairman-elect of Traditions Bank, headquartered in York, PA. With more than 37 years of banking experience, Draganosky has held corporate and community banking leadership roles across central Pennsylvania since 1985. Prior to assuming his role as chief executive officer in 2017, Draganosky was named chief credit officer in 2008 and became a director and president in 2015. Before joining Traditions Bank, Draganosky held positions at CoreStates, First Union, Commerce, Waypoint, and Sovereign banks. On behalf of Traditions Bank, Draganosky serves on the board of the PA Bankers Services Corporation and participates as a direct contact banker for the PA Bankers Association.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises state member banks, bank holding companies, and 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 and central Pennsylvania, southern New Jersey, and Delaware.