Pennsylvania Gov.-Elect Picks Ex-Banker for Regulator Job
Following tradition, Pennsylvania Gov.-Elect Tom Corbett has picked a banker to be the state's top regulator of banks and credit unions.
Glenn Moyer of Reading has been named by Corbett, Republican governor-elect, to succeed Steve Kaplan, who served in the administration of Edward Rendell, a Democrat.
"We look forward to working with a new banking secretary and sharing information on issues of importance to Pennsylvania credit unions," said James McCormack, president/CEO of the Pennsylvania Credit Union Association.
PCUA officials said Moyer, the retired president/CEO of National Penn Bancshares Inc. of Boyertown and a director of the Pennsylvania Bankers Association, has worked closely over the years with Reading area CUs on a variety of charity and community events.
"Going forward, we want to familiarize the new secretary of the credit union role in the state's economy and as a stakeholder in community growth," said Rick Wargo, executive vice president/general counsel.
In a statement, Corbett said Moyer's banking background would serve the administration well "as we work to turn our economy around."
Moyer was also quoted Wednesday in a Reading newspaper as being committed to supporting "a solid community banking industry in Pennsylvania, and that's consistent with what we need to work through our economic and funding difficulties."
Moyer, who has been a consultant at National Penn since his earlier announced retirement after 34 years with the bank, said he would bring an understanding of the challenges facing community banks to the state position.
"I would hope to achieve a healthy balance between the private sector needs and the public service sector's regulatory needs," he said.