[Federal Register Volume 71, Number 196 (Wednesday, October 11, 2006)]
[Notices]
[Page 59789]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-16705]


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FEDERAL RESERVE SYSTEM


Formations of, Acquisitions by, and Mergers of Bank Holding 
Companies

    The companies listed in this notice have applied to the Board for 
approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 
1841 et seq.) (BHC Act), Regulation Y (12 CFR Part 225), and all other 
applicable statutes and regulations to become a bank holding company 
and/or to acquire the assets or the ownership of, control of, or the 
power to vote shares of a bank or bank holding company and all of the 
banks and nonbanking companies owned by the bank holding company, 
including the companies listed below.
    The applications listed below, as well as other related filings 
required by the Board, are available for immediate inspection at the 
Federal Reserve Bank indicated. The application also will be available 
for inspection at the offices of the Board of Governors. Interested 
persons may express their views in writing on the standards enumerated 
in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the 
acquisition of a nonbanking company, the review also includes whether 
the acquisition of the nonbanking company complies with the standards 
in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, 
nonbanking activities will be conducted throughout the United States. 
Additional information on all bank holding companies may be obtained 
from the National Information Center website at www.ffiec.gov/nic/.
    Unless otherwise noted, comments regarding each of these 
applications must be received at the Reserve Bank indicated or the 
offices of the Board of Governors not later than November 3, 2006.
    A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521:
    1. Conestoga Bancorp, Inc., Chester Springs, Pennsylvania; to merge 
with PSB Bancorp, Inc., Philadelphia, Pennsylvania, and thereby 
indirectly acquire voting shares of First Penn Bank, Philadelphia, 
Pennsylvania.
    In connection with this application, Applicant also has applied to 
acquire Jade Abstract Company, Feasterville, Pennsylvania, and engage 
in providing real estate settlement services, and Jade Insurance 
Agency, Inc., Feasterville, Pennsylvania, and engage in providing 
credit insurance, pursuant to sections 225.28(b)(2)(viii) and 
225.28(b)(11)(i) of Regulation Y respectively.
    2. Sterling Banks, Inc. Mount Laurel, New Jersey; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Sterling Bank, Mount Laurel, New Jersey.
    In connection with this application, applicant also has applied to 
acquire Farnsworth Bancorp, Inc., Bordentown, New Jersey, and thereby 
acquire Peoples Savings Bank, Bordentown, New Jersey, and engage in 
operating a savings bank, pursuant to section 225.25(b)(4)(ii) of 
Regulation Y.
    B. Federal Reserve Bank of Chicago (Patrick M. Wilder, Assistant 
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. Dearborn Bancorp, Inc., Dearborn, Michigan; to merge with 
Fidelity Financial Corporation of Michigan, Birmingham, Michigan, and 
thereby indirectly acquire Fidelity Bank, Birmingham, Michigan.

    Board of Governors of the Federal Reserve System, October 4, 
2006.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E6-16705 Filed 10-10-06; 8:45 am]
BILLING CODE 6210-01-S