NOTICES
DEPARTMENT OF BANKING
Action on Applications
[28 Pa.B. 663]
The Department of Banking of the Commonwealth of Pennsylvania, under the authority contained in the act of November 30, 1965 (P. L. 847, No. 356), known as the Banking Code of 1965; the act of December 14, 1967 (P. L. 746, No. 345), known as the Savings Association Code of 1967; the act of May 15, 1933 (P. L. 565, No. 111), known as the Department of Banking Code; and the act of December 19, 1990 (P. L. 834, No. 198), known as the Credit Union Code, has taken the following action on applications received for the week ending January 27, 1998.
BANKING INSTITUTIONS
Holding Company Acquisitions
| Date | Name of Corporation | Location | Action | |
|---|---|---|---|---|
| 1-23-98 | First Union Corporation, Charlotte, North Carolina, to acquire 100% of the voting shares of CoreStates Financial Corp., Philadelphia, PA | Charlotte, NC | Filed |
Conversions
| Date | Name of Institution | Location | Action | |
|---|---|---|---|---|
| 1-22-98 | Northwood Savings Association Philadelphia Philadelphia County | 1500 E. Susquehanna Ave. Philadelphia Philadelphia County | Filed | |
| To: | ||||
| Northwood Savings Bank Philadelphia Philadelphia County | ||||
| Application represents conversion from a State-chartered mutual savings association to a State-chartered mutual savings bank. | ||||
Consolidations, Mergers and Absorptions
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 1-23-98 | PSB Interim Bank, East Berlin, and The Peoples State Bank, East Berlin Surviving Institution--PSB Interim Bank, East Berlin, with a change in corporate title to ''The Peoples State Bank'' | East Berlin | Filed | |
| The proposed merger will be effected solely to facilitate the acquisition of The Peoples State Bank, East Berlin, by Community Banks, Inc., Millersburg, a bank holding company. | ||||
Branch Applications
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 1-20-98 | Franklin First Savings Bank Wilkes-Barre Luzerne County | 115 J. Campbell Collins Drive Wilkes-Barre Luzerne County | Opened |
Branch Discontinuances
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 1-16-98 | Franklin First Savings Bank Wilkes-Barre Luzerne County | City Heights Shopping Center 161 Amber Lane Wilkes-Barre Luzerne County | Effective |
SAVINGS ASSOCIATIONS
Branch Applications
| Date | Name of Association | Location | Action | |
|---|---|---|---|---|
| 1-22-98 | First Financial Savings Bank, PaSA Downingtown Chester County | 414 Lancaster Ave. Devon Chester County | Filed |
CREDIT UNIONS
No activity.
RICHARD C. RISHEL,
Secretary
[Pa.B. Doc. No. 98-213. Filed for public inspection February 6, 1998, 9:00 a.m.]
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