12373 - FEDERAL RESERVE BANK of NEW YORK

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Nomination of Directors

November 17, 2025

12373

As provided by Section 4 of the Federal Reserve Act, as amended, an election will be held to choose successors, to serve for a three-year term, for the following two directors at this Bank: Class A director, Douglas L. Kennedy, President and Chief Executive Officer of Peapack Private Bank & Trust; and Class B director, Adena Friedman, Chair and Chief Executive Officer of Nasdaq, Inc. The current Class A and Class B director terms will expire on December 31, 2025. Both of these directors were elected by member banks in Group 2, that is, member banks with capital and surplus greater than $40 million and less than $2 billion, and their successors will be chosen by this Group. Member banks in Groups 1 and 3 will not participate in this election.

Nomination details

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