Public Information Documents

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

Bank Branches, Domestic
First Citizens Community Bank, Mansfield, Pennsylvania -- to establish a branch at 20169 Office Circle, Georgetown, Delaware.
- Withdrawn, June 25, 2024
Asian Bank, Philadelphia, Pennsylvania -- to establish a branch at 934 East Passyunk Avenue, Philadelphia, Pennsylvania.
- Approved, January 19, 2024
Bank Holding Companies
Orrstown Financial Services, Inc., Shippensburg, Pennsylvania -- waiver of application to merge with Codorus Valley Bancorp, Inc., York, Pennsylvania, and thereby indirectly acquire its subsidiary, PeoplesBank, York, Pennsylvania, in connection with the merger of PeoplesBank with and into Orrstown Bank, Shippensburg, Pennsylvania.
- Granted, June 14, 2024
Peoples Financial Services Corporation, Scranton, Pennsylvania -- waiver of application to merge with FNCB Bancorp, Inc., and thereby indirectly acquire its subsidiary, FNCB Bank, both of Dunmore, Pennsylvania, in connection with the merger of FNCB Bank with and into Peoples Security Bank and Trust Company, Scranton, Pennsylvania.
- Granted, June 13, 2024
Princeton Bancorp Inc, Princeton, New Jersey -- to acquire Cornerstone Financial Corporation, Mount Laurel, New Jersey, and thereby indirectly acquire Cornerstone Bank, Moorestown, New Jersey.
- Approved, April 22, 2024
Bank Mergers
Orrstown Bank, Shippensburg, Pennsylvania -- to merge with Peoples Bank, York, Pennsylvania, with Orrstown Bank as the surviving entity.
- Approved, June 14, 2024
Change In Bank Control
Blue Ridge Bankshares, Inc., Charlottesville, Virginia -- Kenneth R. Lehman, Fort Lauderdale, Florida; to acquire voting shares of Blue Ridge Bankshares, Inc., and thereby indirectly acquire voting shares of Blue Ridge Bank, National Association, Martinsville, Virginia.
- Permitted, March 14, 2024
Fortis Bancorp, Denver, Colorado -- Patriot Financial Partners GP III, LLC; Patriot Financial Partners GP III, L.P.; and others; as a group acting in concert to acquire voting shares of Fortis Bancorp and thereby indirectly acquire voting shares of Fortis Bank, Denver, Colorado.
- Permitted, January 19, 2024

Last Update: July 11, 2024