NOTICES
DEPARTMENT OF BANKING
Action on Applications
[31 Pa.B. 3961]
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 July 10, 2001.
BANKING INSTITUTIONS
Holding Company Acquisitions
| Date | Name of Corporation | Location | Action | |
|---|---|---|---|---|
| 7-1-01 | Fulton Financial Corporation, Lancaster, to acquire 100% of outstanding shares of Drovers Bancshares Corporation, York | Lancaster | Effective |
Consolidations, Mergers and Absorptions
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 7-2-01 | First Star Savings Bank Bethlehem Northampton | Bethlehem | Effective | |
| Purchase of assets/assumptions of liabilities of one branch office of Main Street Bank, Reading, Located at: | ||||
| 1430 Jacobsburg Road Wind Gap Plainfield Township Northampton County |
Branch Applications
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 7-5-01 | Northwest Savings Bank Warren Warren County | 108 Washington Towne Boulevard Edinboro Erie County | Approved | |
| 7-5-01 | Minersville Safe Deposit Bank & Trust Company Minersville Schuylkill County | 452 S. Lehigh St. Frackville Schuylkill County | Approved |
Branch Discontinuances
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 7-2-01 | The Drovers & Mechanics Bank York York County | 30 W. Patrick St. Frederick Frederick County Maryland | Effective | |
| Note: In conjunction with the acquisition of Drovers Bancshares Corporation, York, by Fulton Financial Corporation, Lancaster, the previously-noted branch office was sold to Hagerstown Trust Company, Hagerstown, MD, a Maryland state-chartered bank and a wholly-owned subsidiary of Fulton Financial Corporation. | ||||
Articles of Amendment
| Date | Name of Bank | Purpose | Action | |
|---|---|---|---|---|
| 7-6-01 | Suburban Community Bank Chalfont Bucks County | To provide for the amendment to Article Seventh which provides for the elimi- nation of cumulative voting in the election of directors; and the addition of Article Tenth, permitting Board of Directors' consideration of non- economic factors in the evaluation of various acquisition offers. | Approved and Effective | |
SAVINGS INSTITUTIONS
No activity.
CREDIT UNIONS
Articles of Amendment
| Date | Name of Credit Union | Purpose | Action | |
|---|---|---|---|---|
| 7-10-01 | North Districts Credit Union Gibsonia Allegheny County | The amendment to Article 1 provides for a change in name to North Districts Community Credit Union; Amendment to Article 8 provides for a change in the field of membership (see following note). | Approved and Effective | |
| The subject Articles of Amendment were necessitated by the conversion of the credit union's charter from an ''occupational credit union'' to a ''community credit union.'' Said conversion was Approved by the Department of Banking on 7-6-01. | ||||
Branch Applications
| Date | Name of Credit Union | Location | Action | |
|---|---|---|---|---|
| 6-25-01 | HVHS Credit Union Sewickley Allegheny County | 1000 Dutch Ridge Rd. Beaver Beaver County | Opened |
JAMES B. KAUFFMAN, Jr.,
Secretary
[Pa.B. Doc. No. 01-1312. Filed for public inspection July 20, 2001, 9:00 a.m.]
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