CRESSON COMMUNITY BANK

Cresson Community Bank, originally established as Cambria County Federal Savings and Loan Association in 1919, underwent several name and structural changes throughout its history. On January 26, 2011, the institution changed its name to Cresson Community Bank, transitioned to a mutual savings bank organization type, and became federally regulated by the Federal Deposit Insurance Corporation (FDIC). Additionally, it was classified as an FDIC-supervised state savings bank and designated a state-chartered bank. On February 29, 2016, Cresson Community Bank changed its name to PennCrest Bank and subsequently merged with C&G Savings Bank, located in Altoona, Pennsylvania. The merger completed the bank's integration into a larger financial institution.

Below is a list of some important events in banks history, including mergers and acquisitions.

DATEEVENT

1919-01-01Institution established. Original name: Cambria County Federal Savings and Loan Association.

2011-01-26Changed Chartering Agency to State.

2011-01-26Changed Bank Class to FDIC Supervised State Savings Bank.

2011-01-26Changed Organization Type to Mutual Savings Bank.

2011-01-26Changed Primary Federal Regulatory Agency to FDIC.

2011-01-26Changed Institution Name to Cresson Community Bank.

2016-02-29Merged and became part of C&g Savings Bank (30119) in Altoona, PA.

2016-02-29Changed Institution Name to PennCrest Bank.