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

Bank Holding Companies
Orrstown Financial Services, Inc., Shippensburg, Pennsylvania -- to acquire Hamilton Bancorp, Towson, Maryland, and thereby indirectly acquire Hamilton Bank, and for Hamilton Bank to merge with and into Orrstown Bank, Shippensburg.
- Approved, April 1, 2019
Dime Community Bancshares, Inc., Brooklyn, New York -- to become a bank holding company through the conversion of its wholly owned subsidiary, Dime Community Bank, Brooklyn, from a state savings bank to a state-chartered commercial bank.
- Approved, March 7, 2019
Change In Bank Control
The Freedom Bank of Virginia, Fairfax, Virginia -- change in bank control.
- Permitted, June 27, 2019
Financial Holding Companies
Ponce Bank Mutual Holding Company, Bronx, New York, and PDL Community Bancorp -- election to become financial holding companies.
- Effective, February 21, 2019
Savings and Loan Holding Companies
RBI Holdings, Inc., Roseville, Michigan -- to form a savings and loan holding company and, subsequently, to acquire shares of PrinCap Holdings One, LLC, Ewing, New Jersey, which controls Resolute Bank, Maumee, Ohio.
- Withdrawn, March 22, 2019
Beneficial Bancorp, Inc., Philadelphia, Pennsylvania -- to convert to a savings and loan holding company upon the conversion of Beneficial Bank, Philadelphia, from a state-chartered savings bank to a stock federal savings bank.
- Approved, February 25, 2019

Last Update: July 18, 2019