Notice of Application for
Merger of Bank Holding Companies
National Penn Bancshares, Inc., located at 645 Hamilton Street, Suite 1100, Allentown, Pennsylvania, 18101, intends to apply to the Federal Reserve Board for permission to merge with a savings and loan holding company, TF Financial, Inc., located at 3 Penns Train, Newtown, Pennsylvania, 18940. We intend to acquire control of 3rd Fed Bank, located at 3 Penns Train, Newtown, Pennsylvania, 18940. The Federal Reserve considers a number of factors in deciding whether to approve the application, including the record of performance of banks we own in helping to meet local credit needs.
You are invited to submit comments in writing on this application to the Federal Reserve Bank of Philadelphia, 10 North Independence Mall West, Philadelphia, Pennsylvania, 19106. The comment period will not end before August 9, 2014, and may be somewhat longer. The Board's procedures for processing applications may be found at 12 C.F.R. Part 262. Procedures for processing protested applications may be found at 12 C.F.R. 262.25. To obtain a copy of the Federal Reserve Board's procedures, or if you need more information about how to submit your comments on the application, contact H. Robert Tillman, Assistant Vice President, Federal Reserve Bank of Philadelphia, at (215) 574-4155. The Federal Reserve will consider your comments and any request for a public meeting or formal hearing on the application if they are received in writing by the Reserve Bank on or before the last day of the comment period.
Ref# 0003159210-01
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