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

Bank Holding Companies
QNB Corp., Quakertown, Pennsylvania -- waiver of filing requirement under section 3 of the Bank Holding Company Act for QNB Corp. to merge with The Victory Bancorp, Inc., and thereby indirectly acquire its subsidiary state member bank, The Victory Bank, both of Limerick, Pennsylvania.
- Granted, February 20, 2026
Mid Penn Bancorp, Inc. (Mid Penn), Harrisburg, Pennsylvania -- waiver of filing requirement under [section 3] of the Bank Holding Company Act for Mid Penn to merge with 1st Colonial Bancorp, Inc., and thereby indirectly acquire its subsidiary state nonmember bank, 1st Colonial Community Bank, both of Collingswood, New Jersey.
- Granted, February 6, 2026
ENB Financial Corp, Ephrata, Pennsylvania -- waiver of filing requirement under section 3 of the Bank Holding Company Act to acquire Cecil Bancorp, Inc., and thereby indirectly acquire Cecil Bank, both of Elkton, Maryland, in connection with the merger of Cecil Bank with and into Ephrata National Bank, Ephrata, Pennsylvania.
- Granted, January 8, 2026
Membership
CNB Bank, Clearfield, Pennsylvania -- to become a member of the Federal Reserve System.
- Approved, February 6, 2026
Savings and Loan Holding Companies
JAB Partners, Inc., Brooklyn, New York (whose principals include Jeffrey Brian Zwick, Brooklyn, New York; Bathsheba Epstein-Hersko, Brooklyn, New York; Steven Joseph Hersko, Brooklyn, New York; and Avery S. Weisz, Jackson, New Jersey) -- to become a savings and loan holding company by acquiring Vecta, Inc., and thereby indirectly acquiring Sunnyside Federal Savings and Loan Association of Irvington, both of Irvington, New York.
- Withdrawn, March 6, 2026

Last Update: April 2, 2026