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

Bank Branches, Domestic
First Citizens Community Bank, Mansfield, Pennsylvania -- to establish a branch at 2403 Main Street, Narvon.
- Approved, September 14, 2017
Landmark Community Bank, Pittston, Pennsylvania -- to establish a branch at 1000 Wyoming Avenue, Wyoming.
- Approved, July 27, 2017
Asian Bank, Philadelphia, Pennsylvania -- to establish a branch at 6509 Castor Avenue, Philadelphia.
- Approved, July 18, 2017
Fleetwood Bank, Fleetwood, Pennsylvania -- to establish a branch at 216 Philadelphia Avenue, Boyertown.
- Approved, June 22, 2017
Orrstown Bank, Shippensburg, Pennsylvania -- to establish branches at 1601 Manheim Pike, Lancaster, and 301 West Main Street, New Holland (two applications).
- Approved, February 6, 2017
Lafayette Ambassador Bank, Bethlehem, Pennsylvania -- to establish a branch at 1928 Hamilton Street, Allentown.
- Approved, January 19, 2017
AmeriServ Financial Bank, Johnstown, Pennsylvania -- to establish a branch at 1213 Scalp Avenue, Johnstown.
- Approved, January 6, 2017
Bank Holding Companies
Bryn Mawr Bank Corporation, Bryn Mawr, Pennsylvania -- to merge with Royal Bancshares of Pennsylvania, Inc., Narberth; and for Bryn Mawr Trust Co., Bryn Mawr, to merge with Royal Bank, Narberth.
- Approved, November 30, 2017
Lawrence Keister & Co, Scottdale, Pennsylvania -- to acquire shares of Mid Penn Bancorp, Inc., Millersburg, and thereby indirectly acquire shares of Mid Penn Bank.
- Withdrawn, November 17, 2017
Mid Penn Bancorp, Inc., Millersburg, Pennsylvania -- to acquire The Scottdale Bank & Trust Company, Scottdale, through the bank's merger with and into Mid Penn Bank, Millersburg.
- Approved, November 17, 2017
Meridian Corporation, Malvern, Pennsylvania -- to become a bank holding company by acquiring Meridian Bank, Malvern.
- Approved, October 25, 2017
OceanFirst Financial Corp., Toms River, New Jersey -- to become a bank holding company by acquiring OceanFirst Bank, National Association, 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 Bank, National Association.
- Approved, October 17, 2017
Sharon Mutual Holding Company, Darby, Pennsylvania; and Sharon Bancorp, Inc. -- to convert from savings and loan holding companies to bank holding companies in connection with Sharon Savings Bank's revocation of its election to be a savings bank.
- Approved, September 22, 2017
Riverview Financial Corporation, Harrisburg, Pennsylvania -- to acquire CBT Financial Corp., Clearfield, and thereby indirectly acquire Clearfield Bank.
- Approved, August 28, 2017
Hamilton Bancorp, Inc., Ephrata, Pennsylvania -- to become a bank holding company by acquiring Stonebridge Bank, West Chester.
- Approved, June 15, 2017
Hamilton Bancorp, Inc., Ephrata, Pennsylvania -- to become a bank holding company by acquiring Stonebridge Bank, West Chester.
- Withdrawn, January 13, 2017
Monument Bancorp, Inc., Doylestown, Pennsylvania -- to become a bank holding company by acquiring Monument Bank, Doylestown.
- Approved, January 9, 2017
Bank Mergers
First Citizens Community Bank, Mansfield, Pennsylvania -- to purchase the assets and assume the liabilities of the 141 West Beaver Avenue, State College, branch of S&T Bank, Indiana, and thereby establish a branch.
- Approved, October 6, 2017
Monument Bank (Monument), Doylestown, Pennsylvania -- to merge with Monument Interim Bank, Doylestown, in connection with the proposed reorganization of Monument into Monument Bancorp, Inc.
- Approved, January 9, 2017
Change In Bank Control
Cornerstone Financial Corporation, Mount Laurel, New Jersey -- to retain control of Cornerstone Financial Corporation and its subsidiary, Cornerstone Bank, Mount Laurel.
- Permitted, November 29, 2017
Extensions Of Time
TD Group US Holdings LLC, Cherry Hill, New Jersey -- request by The Toronto-Dominion Bank for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, April 25, 2017
Financial Holding Companies
Synchrony Financial, Stamford, Connecticut -- election to become a financial holding company.
- Effective, June 8, 2017
Savings and Loan Holding Companies
Seneca Financial MHC, Baldwinsville, New York, and Seneca Financial Corp. -- to become a federal mutual holding company and a savings and loan holding company, respectively, by acquiring Seneca Savings Bank, Baldwinsville, following the conversion of Seneca Federal Savings and Loan Association from a mutual savings association to a stock savings association called Seneca Savings Bank; and for Seneca Financial Corp. to conduct a minority stock issuance.
- Approved, August 14, 2017
Wallkill Valley Bancorp MHC, Wallkill, New York; and Wallkill Valley Bancorp, Inc. -- to become savings and loan holding companies by acquiring Wallkill Valley Federal Savings and Loan Association, Wallkill, following its conversion from a mutual savings association to a stock savings association; and to acquire Hometown Bancorp MHC, Walden, and Hometown Bancorp, Inc., and thereby indirectly acquire Hometown Bank of the Hudson Valley.
- Approved, August 3, 2017
Ponce Bank Mutual Holding Company, Bronx, New York, and PDL Community Bancorp -- to become a mutual holding company and a savings and loan holding company, respectively, by acquiring Ponce De Leon Federal Bank following its conversion from a mutual savings bank to a stock savings bank, to be called Ponce Bank; and for PDL Community Bancorp to conduct a minority stock issuance.
- Approved, July 21, 2017

Last Update: December 7, 2017