NOTICES DEPARTMENT of BANKING Action on Applications
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.
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