NOTICES
DEPARTMENT OF BANKING
Action on Applications
[36 Pa.B. 34]
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 9, 2002 (P. L. 1572, No. 207), known as the Credit Union Code, has taken the following action on applications received for the week ending December 27, 2005.
BANKING INSTITUTIONS
Holding Company Acquisitions
| Date | Name of Corporation | Location | Action | |
|---|---|---|---|---|
| 12-19-05 | Application of Relational Investors, LLC, San Diego, CA, to solicit and act as proxy for more than 10% of the outstanding shares of common stock of Sovereign Bancorp, Inc., Philadelphia, PA, under the provisions of section 112 of the Banking Code of 1965 | San Diego, CA | Approved |
Consolidations, Mergers and Absorptions
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 12-2-05 | Fulton Bank Lancaster Lancaster County | Lancaster | Effective | |
| Purchase of assets/assumption of liabilities of one branch of Susquehanna Bank PA, Lititz | ||||
| Located at: | ||||
| 2305 Susquehanna Trail North York York County | ||||
| The subject branch was immediately consolidated into an existing branch of Fulton Bank located at 3183 Susquehanna Trail, York, York County. | ||||
| 12-19-05 | Affinity Bank of Pennsylvania Wyomissing Berks County | Wyomissing | Effective | |
| Purchase of assets/assumption of liabilities of one branch of Susquehanna Patriot Bank, Marlton, NJ | ||||
| Located at: | ||||
| 3101 Shillington Road Sinking Spring Berks County | ||||
| 12-20-05 | Maryland Permanent Bank & Trust Co., Owings Mills, MD, and Northwest Merger Subsidiary II, Inc., Warren, PA Surviving Institution--Maryland Permanent Bank & Trust Co., Owings Mills, MD | Owings Mills, MD | Filed | |
| 12-20-05 | Northwest Savings Bank, Warren, PA, and Maryland Permanent Bank & Trust Co., Owings Mills, MD Surviving Institution--Northwest Savings Bank, Warren PA | Warren, PA | Filed | |
| 12-21-05 | First Commonwealth Bank, Indiana, and First Commonwealth Trust Company, Indiana; First Commonwealth Systems Corporation; and First Commonwealth Professional Resources, Inc. Surviving Institution--First Commonwealth Bank, Indiana | Indiana | Approved | |
| All of the merger proponents are wholly-owned subsidiaries of First Commonwealth Financial Corporation, Indiana, a bank holding company. | ||||
Branch Applications
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 12-22-05 | Northwest Savings Bank Warren Warren County | 36 West Main Street Rochester Monroe County, NY | Filed |
Branch Relocations/Consolidations
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 12-21-05 | Citizens Bank of Pennsylvania Philadelphia Philadelphia County | Into: | 2015 Cottman Avenue Philadelphia Philadelphia County | Filed |
| From: | 7935 Bustleton Avenue Philadelphia Philadelphia County |
Branch Discontinuances
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 12-21-05 | Citizens Bank of Pennsylvania Philadelphia Philadelphia County | Application to discontinue four branch offices at the following locations: | Filed | |
| 3890 Bigelow Boulevard Pittsburgh Allegheny County | ||||
| 1122 Seventh Avenue Beaver Falls Beaver County | ||||
| 392 Franklin Avenue Aliquippa Beaver County | ||||
| 419 North 7th Street Altoona Blair County |
SAVINGS INSTITUTIONS
No activity.
CREDIT UNIONS
Conversions
| Date | Name of Credit Union | Location | Action | |
|---|---|---|---|---|
| 12-20-05 | Corry Jamestown Credit Union Corry Erie County | Corry | Approved | |
| Represents conversion from an occupational-based credit union to a community charter; said conversion will be completed by filing Articles of Amendment with the Department of State which will amend Article 8 of the Articles of Incorporation by extending the field of membership of the credit union to include persons who live, work, worship, perform volunteer services, attend school, and businesses and other legal entities located in the area which constitutes the Corry Area School District. | ||||
Consolidations, Mergers and Absorptions
| Date | Name of Credit Union | Location | Action | |
| 12-20-05 | Tri-County Area Federal Credit Union, Pottstown, and KCC Credit Union, Boyertown Surviving Institution--Tri-County Area Federal Credit Union, Pottstown | Pottstown | Approved |
A. WILLIAM SCHENCK, III,
Secretary
[Pa.B. Doc. No. 06-21. Filed for public inspection January 6, 2006, 9:00 a.m.]
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