Pennsylvania Code & Bulletin
COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 23-432

NOTICES

DEPARTMENT OF BANKING AND SECURITIES

Actions on Applications

[53 Pa.B. 1811]
[Saturday, April 1, 2023]

 The Department of Banking and Securities (Department), under the authority in the Banking Code of 1965 (7 P.S. §§ 101—2204), the Department of Banking and Securities Code (71 P.S. §§ 733-1—733-1203) and 17 Pa.C.S. (relating to Credit Union Code), has taken the following actions on applications received for the week ending March 21, 2023.

 Under section 503.E of the Department of Banking and Securities Code (71 P.S. § 733-503.E), any person wishing to comment on the following applications, with the exception of branch applications, may file comments in writing with the Department of Banking and Securities, Bank Supervision or Credit Union and Trust Supervision (as applicable), 17 North Second Street, Suite 1300, Harrisburg, PA 17101-2290. Comments must be received no later than 30 days from the date notice regarding receipt of the application is published in the Pennsylvania Bulletin. The nonconfidential portions of the applications are on file at the Department and are available for public inspection, by appointment only, during regular business hours. To schedule an appointment, for banks (717) 783-8240 and for credit unions and trust companies (717) 783-2253. Photocopies of the nonconfidential portions of the applications may be requested consistent with the Department's Right-to-Know Law Records Request policy.

BANKING INSTITUTIONS

Section 112 Acquisitions

Date   Name and Location of Applicant Action
03-20-2023The Cincinnati Insurance Company
Fairfield
Butler County, OH
Approved
Application for approval to acquire up to 16% of the Perpetual, Non-Cumulative, Convertible Preferred Stock, Series A, of Republic First Bancorp, Inc., Philadelphia, PA, and thereby indirectly acquire 10% or more of the ownership of the nonvoting Series A Preferred Stock of Republic First Bank, Philadelphia, PA.

Holding Company Acquisitions

Date   Name and Location of Applicant Action
03-20-2023 Princeton Bancorp, Inc. and
 Bank of Princeton
Princeton
Mercer County, NJ
Approved
Application for approval to acquire 100% of Noah Bank, Elkins Park, PA.

Consolidations, Mergers and Absorptions

Date   Name and Location of ApplicantAction
03-20-2023 Noah Bank
Elkins Park
Montgomery County
Approved
Application for approval to merge TBOP Acquisition Company, a wholly-owned subsidiary of The Bank of Princeton, Princeton, NJ, with and into Noah Bank, Elkins Park, PA.

Branch Applications

De Novo Branches

Date   Name and Location of Applicant Location of Branch Action
03-06-2023First Bank
Hamilton
Mercer County, NJ
849 Paoli Pike
West Chester
Chester County, PA
Opened

Branch Relocations

Date   Name and Location of Applicant Location of Branch Action
03-17-2023 Somerset Trust Company
Somerset
Somerset County
To:964 Barn Street
Hooversville
Somerset County
Filed
From:803 Barn Street
Hooversville
Somerset County

Branch Discontinuances

Date   Name and Location of Applicant Location of Branch Action
03-03-2023 First Bank
Hamilton
Mercer County, NJ
121 North Walnut Street
West Chester
Chester County, PA
Closed
03-10-2023Fleetwood Bank
Fleetwood
Berks County
216 East Philadelphia Avenue
Boyertown
Berks County
Closed

CREDIT UNIONS

No activity.

 The Department's web site at www.dobs.pa.gov includes public notices for more recently filed applications.

SARAH HAMMER, 
Acting Secretary

[Pa.B. Doc. No. 23-432. Filed for public inspection March 31, 2023, 9:00 a.m.]



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