Each depositor insured to at least $250,000 per insured bank



Home > Regulation & Examinations > Laws & Regulations > Decisions on Bank Applications





Decisions on Bank Applications

Skip Left Navigation Links
0
Decisions on Bank Apps Home
Investments & Activities

   •  Equity Securities
   •  Real Estate
   •  Insurance
   •  Miscellaneous
Deposit Insurance
Merger Transactions
Mutual to Stock Conversions
Part 347
Other Applications
Equity Securities - Savings & Loan Holding Company Stock
Bank may indirectly through a wholly-owned subsidiary own the stock of a savings and loan holding company.

Disclaimer
The following list shows those activities and investments approved by the FDIC under Section 24 of the Federal Deposit Insurance Act and Part 362 of the FDICís Rules and Regulations, 12 C.F.R. Part 362. The list provides insured state banks and their counsel some initial guidance regarding activities and investments that the FDIC may approve under Section 24. However, the fact that a particular activity or investment has received FDIC approval in the past does not affect the obligation of another institution to seek permission from the FDIC to engage in the same or similar activity. Additionally, the fact that a particular investment or activity has been approved in the past does not restrict the FDIC's review of future requests to engage in similar activities nor our ability to impose prudential standards on the conduct of that activity. Finally, it should be borne in mind that since the time any particular application was approved, key statutory or regulatory changes may have taken place, which might impact how the issues would be treated today.

S & T BANK - INDIANA, PA
Application or Notice Board or Delegated Authority Date of Approval Amount of Investment Percent of Tier I Capital
Application Board Action 9/30/2002   100%
Applicant seeks permission to invest in the stock of trust companies; bank holding companies; federal and state savings associations; and savings and loan holding companies through a proposed wholly-owned subsidiary. S&T Bank


HARLEYSVILLE SAVINGS BANK - HARLEYSVILLE, PA
Application or Notice Board or Delegated Authority Date of Approval Amount of Investment Percent of Tier I Capital
Application Board Action 5/7/2002 5.2M 15%
Applicant seeks consent to acquire and retain the outstanding stock of FDIC insured banks, savings and loan associations and their holding companies through a proposed majority owned subsidiary. Harleysville Savings Bank


APPLE BANK FOR SAVINGS - HEMPSTEAD, NY
Application or Notice Board or Delegated Authority Date of Approval Amount of Investment Percent of Tier I Capital
Application Board Action 3/11/1997   15%
Application to acquire and retain stocks of Savings Associations, Savings and Loan Holding Companies and Bank Holding Companies. Apple Bank for Savings


MUTUAL SAVINGS BANK - MILWAUKEE, WI
Application or Notice Board or Delegated Authority Date of Approval Amount of Investment Percent of Tier I Capital
Application Board Action 11/26/1996 11.7M 7.75%
Application to acquire listed common stock of a thrift holding company through a wholly-owned subsidiary. Mutual Savings Bank


FIRSTRUST SAVINGS BANK - FLOURTOWN, PA
Application or Notice Board or Delegated Authority Date of Approval Amount of Investment Percent of Tier I Capital
Application Board Action 11/25/1997 343M 25%
Application to acquire and retain indirectly through a wholly-owned subsidiary the stock of savings associations, savings and loan holding companies, banks and bank holding companies; corporations listed on a national securities exchange; and investments in limited partnerships whose principal activity is investing in equities of financially related corporations, including insurance companies, finance companies, mortgage banks, and credit card companies. Firstrust Savings Bank




Last Updated 03/24/2011 Legal@fdic.gov