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

Bank Branches, Domestic

Univest Bank, Souderton, Pennsylvania -- to establish a de novo branch located at 5525 North 20th Street, Philadelphia, Pennsylvania.
- Approved, October 1, 2026

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

Change In Bank Control

Mid Penn Bancorp, Inc., Harrisburg, Pennsylvania -- GAH Capital, LLC and GAH Capital Trust, both of Palm Beach, Florida; Philip A. Norcross, individually and as co-trustee of GAH Capital Trust, Philadelphia, Pennsylvania; and Susan D. Hudson, as co-trustee of GAH Capital Trust, Palm Beach, Florida, as 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.
- Permitted, September 23, 2026

Parkway Bancorp, Inc., Harwood Heights, Illinois -- Patriot Financial Partners IV, L.P., Patriot Financial Partners Parallel IV, L.P., Patriot Financial Partners GP IV, L.P., Patriot Financial Partners GP IV, LLC, Patriot Financial Partners V, L.P., Patriot Financial Partners GP V, L.P., Patriot Financial Partners GP V, LLC, Patriot Financial Partners VC Parallel V, L.P., Patriot Financial Partners Parallel GP V, LLC, Patriot Financial Advisors, L.P., Patriot Financial Advisors, LLC, W. Kirk Wycoff, and James Deutsch, all of Radnor, Pennsylvania, as a group acting in concert, to acquire voting shares of Parkway Bancorp, Inc., and thereby indirectly acquire voting shares of Parkway Bank and Trust Company, Harwood Heights, Illinois.
- Permitted, September 18, 2026

Quaint Oak Bancorp, Inc., Southampton, Pennsylvania -- 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 Control 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, as a group acting in concert, to retain voting shares of Quaint Oak Bancorp, Inc., and thereby indirectly retain voting shares of Quaint Oak Bank, 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.
- Permitted, June 29, 2026

Sabine Bancshares, Inc., Many, Louisiana -- Kenneth R. Lehman, Fort Lauderdale, Florida, to acquire voting shares of Sabine Bancshares, Inc., and thereby indirectly acquire voting shares of Sabine State Bank and Trust Company, Many, Louisiana.
- Permitted, March 31, 2026

Membership

CNB Bank, Clearfield, Pennsylvania -- to become a member of the Federal Reserve System.
- Approved, February 6, 2026

Savings and Loan Holding Companies

Vecta, Inc., Irvington, New York -- application by Voting Trust, and Nicholas A. Frungillo, Jr., as trustee, both of Mountainside, New Jersey (Voting Trust created pursuant to the Voting Trust Agreement by and between Vecta Partners LLC and Mark Silber, both of Suffern, New York, and Nicholas A. Frungillo, Jr., as trustee of the Voting Trust) to become a savings and loan holding company by retaining the voting shares of Vecta, Inc., and thereby indirectly retaining the voting shares of its wholly owned subsidiary, Sunnyside Federal Savings and Loan Association of Irvington, Irvington, New York.
- Approved, April 30, 2026

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

Philadelphia home

Last Update: October 8, 2026