Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

District: 3
Federal Reserve Bank of: Philadelphia

Filings received during the week ending January 3, 2009

Filer

Filing Type

Filing Proposal

End of Comment Period

FIRST NATIONAL COMMUNITY BANCORP INC

CIC

Louis A. DeNaples and Betty Ann DeNaples, Moscow, PA, Louis A. DeNaples, Jr., Dunmore, PA, Lisa DeNaples, Mt Pocono, PA, Ann DeNaples, Ringoes, NJ, Nicholas DeNaples, Margaret DeNaples Glodzik, Dominick DeNaples, and Donna DeNaples Dileo, Dunmore, PA, Dominick DeNaples and Mary Ann DeNaples, Dunmore, PA, Charles DeNaples, Roaring Brook Township, PA, Patrick DeNaples, Dominick DeNaples, Jr., Anthony DeNaples and Joseph DeNaples, Dunmore, PA, to retain up to 25% of the shares and thereby control of First National Community Bancorp, Inc., Dunmore, PA.

Newspaper:	01/20/2009
Federal Register:	01/21/2009

TOWER BANCORP INC.

* 3A5

Tower Bancorp, Inc. Greencastle, PA, to acquire Graystone Financial Corporation Corp., Lancaster, PA. The merger of the holding companies will result in the merger of the two wholly-owned subsidiaries, The First National Bank of Greencastle, Greencastle, PA, and Graystone Bank, Lancaster, PA subsequently forming Graystone Tower Bank, Lancaster, PA

Newspaper:	Not available
Federal Register:	Not available

Availability of CRA Public Evaluations

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was revised in May 1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is taken into account in considering an institution's application for deposit facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

Federal bank regulators use the following performance levels to rate an institution's performance under CRA:

O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now available.

Institution / Location	RSSD ID	Exam Date	CRA Public Date	CRA Rating	Exam Method
NONE

CRA Examinations scheduled for Quarter of

Institution	Location
NONE

* Subject to the provisions of the Community Reinvestment Act

District: 3 Federal Reserve Bank of: Philadelphia

Filings received during the week ending January 3, 2009

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 3
Federal Reserve Bank of: Philadelphia