Actions taken by the Federal Reserve Bank of Philadelphia under delegated authority

Bank Branches, Domestic
Orrstown Bank, Shippensburg, Pennsylvania -- to establish a branch at 500 Olde Hickory Road, Lancaster.
- Approved, April 6, 2018
Bank Holding Companies
Juniata Valley Financial Corp., Mifflintown, Pennsylvania -- to acquire Liverpool Community Bank (Liverpool), Liverpool, in connection with Liverpool's merger with and into Juniata Valley Bank, Mifflintown.
- Approved, April 13, 2018
Change In Bank Control
Honat Bancorp, Inc., Honesdale, Pennsylvania -- to retain control of Honat Bancorp, Inc., and its subsidiary, The Honesdale National Bank, Honesdale.
- Permitted, May 4, 2018
Honat Bancorp, Inc., Honesdale, Pennsylvania -- to retain control of Honat Bancorp, Inc., and its subsidiary, The Honesdale National Bank, Honesdale.
- Withdrawn, May 3, 2018
Extensions Of Time
Meridian Corporation, Malvern, Pennsylvania -- extension to July 25, 2018, to become a bank holding company by acquiring Meridian Bank, Malvern.
- Granted, April 25, 2018
Meridian Corporation, Malvern, Pennsylvania -- extension to April 25, 2018, to become a bank holding company by acquiring Meridian Bank, Malvern.
- Granted, January 25, 2018
OceanFirst Financial Corp., Toms River, New Jersey -- extension to February 28, 2018, to become a bank holding company by acquiring OceanFirst National Bank, Toms River (national bank successor by conversion of OceanFirst Bank, a federal savings bank); and to acquire Sun Bancorp, Inc., Mount Laurel, and immediately thereafter merge Sun National Bank into OceanFirst National Bank.
- Granted, January 5, 2018
Financial Holding Companies
OceanFirst Financial Corp., Toms River, New Jersey -- election to become a financial holding company.
- Effective, February 1, 2018
Savings and Loan Holding Companies
The Seneca Falls Savings Bank, MHC, Seneca Falls, New York, and Seneca-Cayuga Bancorp, Inc. -- proposed bylaw amendment.
- Approved, March 27, 2018
William Penn, MHC, Levittown, Pennsylvania, and William Penn Bancorp (Bancorp) -- to indirectly acquire Audubon Savings Bank (ASB), Audubon, New Jersey, through its merger with and into Bancorp's subsidiary, William Penn Bank, Levittown, following the conversion of ASB from a mutual savings bank to a mutual savings association.
- Approved, February 23, 2018
Columbia Financial, Inc., Fair Lawn, New Jersey -- to conduct a minority stock issuance and to obtain a waiver of the application of section 239.59(p)(2) of Regulation MM to a syndicated community offering.
- Approved, February 1, 2018

Last Update: May 17, 2018