NOTICES DEPARTMENT of BANKING Action on Applications
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2415 NOTICES DEPARTMENT OF BANKING Action on Applications 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 Corporation Location Action 5-11-07 Quaint Oak Bancorp, Inc., Southampton Approved 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 form 5-12-07 Conestoga Bancorp, Inc., Chester Chester Springs Effective Springs, to acquire 100% of the voting shares of PSB Bancorp, Inc., Philadelphia, under the provisions of section 115 of the Banking Code of 1965 Interim Charter Applications Date Name of Bank Location Action 5-11-07 First Priority Interim Bank Malvern Effective Malvern Chester County Interim bank being formed in conjunction with the reorganization of First Priority Bank into a holding company form of business. Conversions Date Name of Bank Location Action 5-11-07 Quaint Oak Savings Bank Southampton Approved Southampton Bucks County 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 Malvern Effective First Priority Interim Bank, Malvern Surviving Institution— First Priority Bank, Malvern 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 Chester Springs Effective First Penn Bank, Philadelphia Surviving Institution— Conestoga Bank, Chester Springs PENNSYLVANIA BULLETIN, VOL. 37, NO. 21, MAY 26, 2007 2416 NOTICES Branch Applications Date Name of Bank Location Action 5-7-07 S & T Bank 6300 Forbes Avenue Opened Indiana Pittsburgh Indiana County Allegheny County 5-9-07 Republic First Bank 833 Chestnut Street Filed Philadelphia Philadelphia Philadelphia County Philadelphia County 5-10-07 The Scottdale Bank & Pechin Complex Authorization Trust Company 1952 University Drive Rescinded Scottdale Connellsville Westmoreland County Fayette County 5-15-07 S & T Bank 12550 Perry Highway Filed Indiana Wexford Indiana County Allegheny County Branch Discontinuances Date Name of Bank Location Action 5-9-07 S & T Bank Two Gateway Center Filed Indiana 603 Stanwix Street Indiana County Pittsburgh Allegheny County 5-10-07 Fleetwood Bank 2493 Bernville Road Approved Fleetwood Reading Berks County Berks County 5-10-07 Fleetwood Bank 525 Penn Avenue Approved Fleetwood West Reading Berks County Berks County SAVINGS INSTITUTIONS No activity. CREDIT UNIONS Conversions Date Name of Credit Union Location Action 5-10-07 Lancaster Postal Employees Lancaster Approved Credit Union Lancaster Lancaster County Represents conversion from State-chartered credit union to a Federally-chartered credit union. 5-11-07 Lancaster Red Rose Lancaster Approved Credit Union Lancaster Lancaster County 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.] Maximum Lawful Rate of Interest for Residential The interest rate limitations under the State’s usury Mortgages for the Month of June 2007 statute were preempted to a great extent by Federal law, the Depository Institutions Deregulation and Monetary Control Act of 1980 (Pub. L. No. 96-221). Further preemp- The Department of Banking (Department), under the tion was instituted with the signing of Pub. L. No. 96-399, authority contained in section 301 of the act of January which overrode State interest rate limitations on any 30, 1974 (P. L. 13, No. 6) (41 P. S. § 301), hereby deter- individual who finances the sale or exchange of residen- mines that the maximum lawful rate of interest for tial real property which such individual owns and which residential mortgages for the month of June 2007 is such individual occupies or has occupied as his principal 7 1/4%. residence. PENNSYLVANIA BULLETIN, VOL. 37, NO. 21, MAY 26, 2007 NOTICES 2417 Each month the Department is required by State law to estry (Bureau) and George Jenkins are proposing to compute and announce the ceiling rate on residential negotiate an exchange of lands in Forks and Shrewsbury mortgages in this Commonwealth. This maximum rate is Townships, Sullivan County, PA. determined by adding 2.50 percentage points to the yield The Bureau is proposing to acquire from George rate on long-term government bonds as published by the Jenkins a 61.72 acre parcel of land on the Little Federal Reserve Board and/or the United States Treasury. Loyalsock Creek in Forks Township. In return, the Bu- The latest yield rate on long-term government securities reau proposes to convey to George Jenkins a 26.99 acre is 4.82 to which was added 2.50 percentage points for a parcel northwest of PA SR 42 in Laporte Township. total of 7.32 that by law is rounded off to the nearest quarter at 7 1/4%. As is the policy of the Department, the public is notified of this exchange. A 30-day period for public VICTORIA A. REIDER, inquiry and/or comment will be in effect commencing May Acting Secretary 29, 2007, and ending June 28, 2007. Oral or written [Pa.B. Doc. No. 07-934. Filed for public inspection May 25, 2007, 9:00 a.m.] comments or questions concerning this proposed exchange may be addressed to Daniel A. Devlin, Acting State Forester, Bureau of Forestry, P. O. Box 8552, Harrisburg, PA 17105-8552, (717) 787-2105. These oral and/or written comments will become part of the official document used DEPARTMENT OF in the final decision process. If, in the duration of the 30-day comment period, a significant amount of public concern develops, the Secre- CONSERVATION AND tary of the Department may schedule a public informa- NATURAL RESOURCES tional meeting. MICHAEL DIBERARDINIS, Proposed Exchange of Lands Secretary [Pa.B. Doc. No. 07-935. Filed for public inspection May 25, 2007, 9:00 a.m.] The Department of Conservation and Natural Re- sources (Department), acting through the Bureau of For- DEPARTMENT OF ENVIRONMENTAL PROTECTION Applications, Actions and Special Notices APPLICATIONS THE CLEAN STREAMS LAW AND THE FEDERAL CLEAN WATER ACT APPLICATIONS FOR NATIONAL POLLUTION DISCHARGE ELIMINATION SYSTEM (NPDES) PERMITS AND WATER QUALITY MANAGEMENT (WQM) PERMITS This notice provides information about persons who have applied for a new, amended or renewed NPDES or WQM permit, a permit waiver for certain stormwater discharges or submitted a Notice of Intent (NOI) for coverage under a general permit. The applications concern, but are not limited to, discharges related to industrial, animal or sewage waste, discharges to groundwater, discharges associated with municipal separate storm sewer systems (MS4), stormwater associated with construction activities or concentrated animal feeding operations (CAFOs). This notice is provided in accordance with 25 Pa. Code Chapters 91 and 92 and 40 CFR Part 122, implementing The Clean Streams Law (35 P. S. §§ 691.1—691.1001) and the Federal Clean Water Act. Location Permit Authority Application Type or Category Section I NPDES Renewals Section II NPDES New or amendment Section III WQM Industrial, sewage or animal waste; discharge into groundwater Section IV NPDES MS4 individual permit Section V NPDES MS4 permit waiver Section VI NPDES Individual permit stormwater construction Section VII NPDES NOI for coverage under NPDES general permits For NPDES renewal applications in Section I, the Department of Environmental Protection (Department) has made a tentative determination to reissue these permits for 5 years subject to effluent limitations and monitoring and reporting requirements in their current permits, with appropriate and necessary updated requirements to reflect new and changed regulations and other requirements. For applications for new NPDES permits and renewal applications with major changes in Section II, as well as applications for MS4 individual permits and individual stormwater construction permits in Sections IV and VI, the Department, based upon preliminary reviews, has made a tentative determination of proposed effluent limitations and other terms and conditions for the permit applications. These determinations are published as proposed actions for comments prior to taking final actions. PENNSYLVANIA BULLETIN, VOL. 37, NO. 21, MAY 26, 2007 2418 NOTICES Unless indicated otherwise, the EPA Region III Administrator has waived the right to review or object to proposed NPDES permit actions under the waiver provision in 40 CFR 123.24(d). Persons wishing to comment on an NPDES application are invited to submit a statement to the regional office noted before an application within 30 days from the date of this public notice. Persons wishing to comment on a WQM permit application are invited to submit a statement to the regional office noted before the application within 15 days from the date of this public notice. Comments received within the respective comment periods will be considered in the final determinations regarding the applications.