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 May 2, 2026
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| MID PENN BANCORP, INC. | Change in Bank Control | Mid Penn Bancorp, Inc., Harrisburg, Pennsylvania -- GAH Capital, LLC; GAH Capital Trust, both of Palm Beach, Florida; Philip A. Norcross, as sole manager of GAH Capital, LLC and in his individual capacity, Philadelphia, Pennsylvania; a group acting in concert, to acquire voting shares of Mid Penn Bancorp, Inc., and thereby indirectly acquire voting shares of Mid Penn Bank, Millersburg, Pennsylvania. | Not available | Not available |
| QUAINT OAK BANCORP INC | Change in Bank Control | Andrew Ott, Newtown, Pennsylvania, Madeleine Bottka, Claymont, Delaware, and Robert A. Strong and Susan A. Strong, both of Lake Ariel, Pennsylvania; to join the Strong Family Group, and, together with the Amended and Restated Quaint Oak Bancorp, Inc. Employee Stock Ownership Plan, John J. Augustine, as co-trustee, Lansdale, Pennsylvania, and Aimee K. Ott, as co-trustee, Newtown, Pennsylvania, 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 and John J. Augustine were each previously permitted by the Federal Reserve System to acquire control of voting shares of Quaint Oak Bancorp, Inc. | Not available | 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 |
|---|---|---|---|---|---|
| ASIAN BK, PHILADELPHIA, PENNSYLVANIA | 2785477 | 11/14/2025 | 06/02/2025 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||