Public Information Documents

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

Bank Holding Companies
Citizens & Northern Corporation, Wellsboro, Pennsylvania -- waiver of application to merge with Susquehanna Community Financial, Inc., and thereby indirectly acquire Susquehanna Community Bank, both of West Milton, Pennsylvania, in connection with the merger of Susquehanna Community Bank with and into Citizens & Northern Bank, Wellsboro, Pennsylvania.
- Granted, September 9, 2025
Mifflinburg Bancorp, Inc., Mifflinburg, Pennsylvania -- waiver of application to merge with Northumberland Bancorp and thereby indirectly acquire The Northumberland National Bank, both of Northumberland, Pennsylvania, in connection with the merger of The Northumberland National Bank with and into Mifflinburg Bank and Trust Company, Mifflinburg, Pennsylvania.
- Granted, July 1, 2025
Sturdy Bancorp, MHC, and its proposed subsidiary, Sturdy Bancorp, Inc., both of Stone Harbor, New Jersey -- to become bank holding companies by acquiring Sturdy Savings Bank, Stone Harbor, New Jersey, upon the conversion of Sturdy Savings Bank from mutual to stock form.
- Approved, June 27, 2025
CNB Financial Corporation, Clearfield, Pennsylvania -- waiver of application to merge with ESSA Bancorp, Inc., and thereby indirectly acquire ESSA Bank & Trust, both of Stroudsburg, Pennsylvania, in connection with the merger of ESSA Bank & Trust with and into CNB Bank, Clearfield, Pennsylvania.
- Granted, June 27, 2025
Mid Penn Bancorp, Inc., Harrisburg, Pennsylvania -- waiver of application to merge with William Penn Bancorporation and thereby indirectly acquire its subsidiary, William Penn Bank, both of Bristol, Pennsylvania, in connection with the merger of William Penn Bank with and into Mid Penn Bank, Millersburg, Pennsylvania.
- Granted, March 26, 2025
Bank Mergers
Citizens & Northern Bank, Wellsboro, Pennsylvania -- to merge with Susquehanna Community Bank, West Milton, Pennsylvania, and thereby establish branches at the locations of Susquehanna Community Bank's main office and branches.
- Approved, September 9, 2025
Change In Bank Control
Quaint Oak Bancorp Inc., Southampton, Pennsylvania -- the Amended and Restated Quaint Oak Bancorp, Inc., Employee Stock Ownership Plan, Southampton, Pennsylvania, John J. Augustine, as co-trustee, Lansdale, Pennsylvania, and Aimee K. Ott, as co-trustee, Newtown, Pennsylvania, to join the Strong Family Group, 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, October 24, 2025
Vecta, Inc., New York, New York -- Nicholas A. Frungillo Jr., as trustee of a to-be-formed voting trust, both of Mountainside, New Jersey, for the benefit of Mark Silber, to acquire voting shares of Vecta, Inc., and thereby indirectly acquire voting shares of Sunnyside Federal Savings and Loan Association of Irvington, Irvington, New York.
- Permitted, February 5, 2025

Last Update: December 4, 2025