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COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 07-933

NOTICES

DEPARTMENT OF BANKING

Action on Applications

[37 Pa.B. 2415]
[Saturday, May 26, 2007]

   The Department of Banking, under the authority contained in the act of November 30, 1965 (P. L. 847, No. 356), known as the Banking Code of 1965; the act of December 14, 1967 (P. L. 746, No. 345), known as the Savings Association Code of 1967; the act of May 15, 1933 (P. L. 565, No. 111), known as the Department of Banking Code; and the act of December 9, 2002 (P. L. 1572, No. 207), known as the Credit Union Code, has taken the following action on applications received for the week ending May 15, 2007.

BANKING INSTITUTIONS

Holding Company Acquisitions

Date Name of CorporationLocationAction
5-11-07 Quaint Oak Bancorp, Inc., Southampton (a newly-organized Pennsylvania chartered corporation), to acquire 100% of the common stock of Quaint Oak Savings Bank, Southampton, in conjunction with the bank's conversion from mutual to stock formSouthamptonApproved
5-12-07 Conestoga Bancorp, Inc., Chester Springs, to acquire 100% of the voting shares of PSB Bancorp, Inc., Philadelphia, under the provisions of section 115 of the Banking Code of 1965Chester SpringsEffective

Interim Charter Applications

Date Name of BankLocationAction
5-11-07 First Priority Interim Bank
Malvern
Chester County
MalvernEffective
Interim bank being formed in conjunction with the reorganization of First Priority Bank into a holding company form of business.

Conversions

Date Name of BankLocation Action
5-11-07 Quaint Oak Savings Bank
Southampton
Bucks County
SouthamptonApproved
Represents conversion from a mutual savings bank to a stock savings bank and concurrent formation of a new holding company, Quaint Oak Bancorp, Inc., that will own 100% of the common stock of the bank.

Consolidations, Mergers and Absorptions

Date Name of Bank Location Action
5-11-07 First Priority Bank, Malvern, and First Priority Interim Bank, Malvern
Surviving Institution--
First Priority Bank, Malvern
MalvernEffective
Merger is in conjunction with First Priority Bank's reorganization into a holding company form of business by forming a Pennsylvania holding company to be known as ''First Priority Financial Corporation,'' Malvern.
5-12-07 Conestoga Bank, Chester Springs, and First Penn Bank, Philadelphia Surviving Institution--
Conestoga Bank, Chester Springs
Chester SpringsEffective

Branch Applications

Date Name of Bank Location Action
5-7-07 S & T Bank
Indiana
Indiana County
6300 Forbes Avenue
Pittsburgh
Allegheny County
Opened
5-9-07 Republic First Bank
Philadelphia
Philadelphia County
833 Chestnut Street
Philadelphia
Philadelphia County
Filed
5-10-07 The Scottdale Bank &
Trust Company
Scottdale
Westmoreland County
Pechin Complex
1952 University Drive
Connellsville
Fayette County
Authorization Rescinded
5-15-07 S & T Bank
Indiana
Indiana County
12550 Perry Highway
Wexford
Allegheny County
Filed

Branch Discontinuances

Date Name of Bank Location Action
5-9-07 S & T Bank
Indiana
Indiana County
Two Gateway Center
603 Stanwix Street
Pittsburgh
Allegheny County
Filed
5-10-07 Fleetwood Bank
Fleetwood
Berks County
2493 Bernville Road
Reading
Berks County
Approved
5-10-07Fleetwood Bank
Fleetwood
Berks County
525 Penn Avenue
West Reading
Berks County
Approved

SAVINGS INSTITUTIONS

No activity.

CREDIT UNIONS

Conversions

Date Name of Credit Union LocationAction
5-10-07Lancaster Postal Employees
Credit Union
Lancaster
Lancaster County
LancasterApproved
Represents conversion from State-chartered credit union to a Federally-chartered credit union.
5-11-07 Lancaster Red Rose
Credit Union
Lancaster
Lancaster County
LancasterApproved
Represents conversion from an occupational-based credit union to a community-based charter with a field of membership to include all of Lancaster County.

   The Department's website at www.banking.state.pa.us includes public notices for more recently filed applications.

VICTORIA A. REIDER,   
Acting Secretary

[Pa.B. Doc. No. 07-933. Filed for public inspection May 25, 2007, 9:00 a.m.]



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