933 Action on applications

DEPARTMENT OF BANKING

Action on Applications

[37 Pa.B. 2415]
[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.]