NOTICES
DEPARTMENT OF BANKING
Action on Applications
[37 Pa.B. 2415]
[Saturday, May 26, 2007]
[Saturday, May 26, 2007]
The Department of Banking, under the authority contained in the act of November 30, 1965 (P. L. 847, No. 356), known as the Banking Code of 1965; the act of December 14, 1967 (P. L. 746, No. 345), known as the Savings Association Code of 1967; the act of May 15, 1933 (P. L. 565, No. 111), known as the Department of Banking Code; and the act of December 9, 2002 (P. L. 1572, No. 207), known as the Credit Union Code, has taken the following action on applications received for the week ending May 15, 2007.
BANKING INSTITUTIONS
Holding Company Acquisitions
| Date | Name of Corporation | Location | Action | |
|---|---|---|---|---|
| 5-11-07 | Quaint Oak Bancorp, Inc., Southampton (a newly-organized Pennsylvania chartered corporation), to acquire 100% of the common stock of Quaint Oak Savings Bank, Southampton, in conjunction with the bank's conversion from mutual to stock form | Southampton | Approved | |
| 5-12-07 | Conestoga Bancorp, Inc., Chester Springs, to acquire 100% of the voting shares of PSB Bancorp, Inc., Philadelphia, under the provisions of section 115 of the Banking Code of 1965 | Chester Springs | Effective |
Interim Charter Applications
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 5-11-07 | First Priority Interim Bank Malvern Chester County | Malvern | Effective | |
| Interim bank being formed in conjunction with the reorganization of First Priority Bank into a holding company form of business. | ||||
Conversions
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 5-11-07 | Quaint Oak Savings Bank Southampton Bucks County | Southampton | Approved | |
| Represents conversion from a mutual savings bank to a stock savings bank and concurrent formation of a new holding company, Quaint Oak Bancorp, Inc., that will own 100% of the common stock of the bank. | ||||
Consolidations, Mergers and Absorptions
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 5-11-07 | First Priority Bank, Malvern, and First Priority Interim Bank, Malvern Surviving Institution-- First Priority Bank, Malvern | Malvern | Effective | |
| Merger is in conjunction with First Priority Bank's reorganization into a holding company form of business by forming a Pennsylvania holding company to be known as ''First Priority Financial Corporation,'' Malvern. | ||||
| 5-12-07 | Conestoga Bank, Chester Springs, and First Penn Bank, Philadelphia Surviving Institution-- Conestoga Bank, Chester Springs | Chester Springs | Effective | |
Branch Applications
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 5-7-07 | S & T Bank Indiana Indiana County | 6300 Forbes Avenue Pittsburgh Allegheny County | Opened | |
| 5-9-07 | Republic First Bank Philadelphia Philadelphia County | 833 Chestnut Street Philadelphia Philadelphia County | Filed | |
| 5-10-07 | The Scottdale Bank & Trust Company Scottdale Westmoreland County | Pechin Complex 1952 University Drive Connellsville Fayette County | Authorization Rescinded | |
| 5-15-07 | S & T Bank Indiana Indiana County | 12550 Perry Highway Wexford Allegheny County | Filed |
Branch Discontinuances
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 5-9-07 | S & T Bank Indiana Indiana County | Two Gateway Center 603 Stanwix Street Pittsburgh Allegheny County | Filed | |
| 5-10-07 | Fleetwood Bank Fleetwood Berks County | 2493 Bernville Road Reading Berks County | Approved | |
| 5-10-07 | Fleetwood Bank Fleetwood Berks County | 525 Penn Avenue West Reading Berks County | Approved |
SAVINGS INSTITUTIONS
No activity.
CREDIT UNIONS
Conversions
| Date | Name of Credit Union | Location | Action | |
|---|---|---|---|---|
| 5-10-07 | Lancaster Postal Employees Credit Union Lancaster Lancaster County | Lancaster | Approved | |
| Represents conversion from State-chartered credit union to a Federally-chartered credit union. | ||||
| 5-11-07 | Lancaster Red Rose Credit Union Lancaster Lancaster County | Lancaster | Approved | |
| Represents conversion from an occupational-based credit union to a community-based charter with a field of membership to include all of Lancaster County. | ||||
The Department's website at www.banking.state.pa.us includes public notices for more recently filed applications.
VICTORIA A. REIDER,
Acting Secretary
[Pa.B. Doc. No. 07-933. Filed for public inspection May 25, 2007, 9:00 a.m.]
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