NOTICES
DEPARTMENT OF BANKING
Action on Applications
[34 Pa.B. 4930]
The Department of Banking, 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 August 24, 2004.
BANKING INSTITUTIONS
Mutual Holding Company Reorganization
| Date | Name of Corporation | Location | Action | |
|---|---|---|---|---|
| 8-24-04 | Beneficial Mutual Savings Bank Philadelphia Philadelphia County | Philadelphia | Effective | |
| Represents reorganization into a mutual holding company to be known as Beneficial Savings Bank MHC, Philadelphia, PA, parent company of Beneficial Mutual Bancorp, Inc. Beneficial Mutual Savings Bank will be a wholly-owned subsidiary of Beneficial Mutual Bancorp, Inc., a newly formed Federally-chartered stock holding company, which in turn is a subsidiary of Beneficial Savings Bank MHC, a newly formed Federally-chartered mutual holding company. | ||||
Holding Company Acquisitions
| Date | Name of Corporation | Location | Action | |
|---|---|---|---|---|
| 8-18-04 | S & T Bancorp, Inc., Indiana, to acquire 24.99% of the outstanding shares of Allegheny Valley Bancorp, Inc., Pittsburgh | Indiana | Filed | |
| 8-24-04 | F. N. B. Corporation, Hermitage, to acquire 100% of the voting shares of Slippery Rock Financial Corporation, Slippery Rock | Hermitage | Filed |
Conversions
| Date | Name of Institution | Location | Action | ||||
|---|---|---|---|---|---|---|---|
| 8-20-04 | Prudential Savings Association (d/b/a Prudential Savings Bank, PaSA) Philadelphia Philadelphia County To: Prudential Savings Bank Philadelphia Philadelphia County | 1834 Oregon Avenue Philadelphia Philadelphia County | Effective | ||||
| Represents conversion from State-chartered mutual savings association to a State-chartered mutual savings bank. | |||||||
| Branches Acquired by Means of Conversion: | |||||||
| 601 Morgan Avenue Drexel Hill Delaware County | 2101 South 19th Street Philadelphia Philadelphia County | ||||||
| 112 South 9th Street Philadelphia Philadelphia County | 238a Moore Street Philadelphia Philadelphia County | ||||||
| 1722 South Broad Street Philadelphia Philadelphia County | |||||||
| 8-24-04 | Beneficial Mutual Savings Bank Philadelphia Philadelphia County | Philadelphia | Effective | ||||
| Represents conversion from a State-chartered mutual savings bank to a State-chartered stock savings bank in conjunction with the reorganization into a mutual holding company form of ownership. | |||||||
Consolidations, Mergers and Absorptions
| Date | Name of Bank | Location | Action | ||||
|---|---|---|---|---|---|---|---|
| 8-24-04 | First Financial Bank Downingtown Chester County | Downingtown | Approved | ||||
| Purchase of certain deposits of a branch office of Firstrust Savings Bank, Conshohocken, Located at: 125 East Swedesford Road Exton Chester | |||||||
| Note: This transaction does not involve any real estate. The subject branch office will be closed by Firstrust Savings Bank; approval for discontinuance issued by the Department of Banking on July 26, 2004. | |||||||
Branch Applications
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 8-20-04 | Mid Penn Bank Millersburg Dauphin County | 17 North Second Street Harrisburg Dauphin County | Filed | |
| 8-20-04 | Mid Penn Bank Millersburg Dauphin County | 550 Allentown Boulevard Harrisburg Dauphin County | Filed | |
| 8-20-04 | Integrity Bank Camp Hill Cumberland County | One Marketway South York York County | Filed | |
| 8-24-04 | S & T Bank Indiana Indiana County | 208 West Plank Road Altoona Blair County | Approved | |
| 8-24-04 | S & T Bank Indiana Indiana County | Messenger service branch to operate within a 20-mile radius of the 208 West Plank Road, Altoona, office | Approved | |
| 8-24-04 | Beneficial Savings Bank Philadelphia Philadelphia County | 1305-11 Bethlehem Pike Flourtown Montgomery County | Approved |
Branch Relocations
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 8-19-04 | Citizens Bank of Pennsylvania Philadelphia Philadelphia County | To: | 12 Chestnut Road Paoli Chester County | Filed |
| From: | 10 East Lancaster Avenue Paoli Chester County | Filed | ||
| 8-20-04 | S & T Bank Indiana Indiana County | To: | 12900 Frankstown Road Pittsburgh Allegheny County | Filed |
| From: | 12262 Frankstown Road Pittsburgh Allegheny County |
SAVINGS INSTITUTIONS
No activity.
CREDIT UNIONS
No activity.
A.WILLIAM SCHENCK, III,
Secretary
[Pa.B. Doc. No. 04-1644. Filed for public inspection September 3, 2004, 9:00 a.m.]
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