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

Extensions Of Time
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
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: February 22, 2018