Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 3: Federal Reserve Bank of Philadelphia PDF
Filings received during the week ending August 30, 2025
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| NORWOOD FINANCIAL CORP. | * 3A5 | Norwood Financial Corp, Honesdale, Pennsylvania; to acquire PB Bankshares, Inc., and thereby indirectly acquire Presence Bank, both of Coatesville, Pennsylvania. | Not available | Not available |
| QUAINT OAK BANCORP INC | Change in Control | The Amended and Restated Quaint Oak Bancorp, Inc. Employee Stock Ownership Plan, Southampton, Pennsylvania, John J. Augustine, as co-trustee, Lansdale, Pennsylvania and Aimee K. Ott, as co-trustee, Newtown, Pennsylvania; to join the Strong Family Group, a group acting in concert, to retain voting shares of Quaint Oak Bancorp, Inc., and thereby indirectly retain voting shares of Quaint Oak Bank, both of Southampton, Pennsylvania. Aimee K. Ott as a member of the Strong Family Group and John J. Augustine were each previously permitted by the Federal Reserve System to acquire control of voting shares of Quaint Oak Bancorp, Inc. | 09/22/2025 | Not available |
* Subject to the provisions of the Community Reinvestment Act
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
| Institution / Location | RSSD ID | Exam Date | CRA Public Date | CRA Rating | Exam Method |
|---|---|---|---|---|---|
| VICTORY BK, LIMERICK, PENNSYLVANIA | 3603961 | 06/14/2024 | 07/10/2023 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||