NOTICES
DEPARTMENT OF BANKING
DEPARTMENT OF BANKING
Action on Applications
[36 Pa.B. 198]
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 January 3, 2006.
BANKING INSTITUTIONS
Holding Company Acquisitions
| Date | Name of Corporation | Location | Action | |
|---|---|---|---|---|
| 12-28-05 | National Penn Bancshares, Inc., Boyertown, to acquire 100% of the voting shares of Nittany Financial Corp., State College, and thereby indirectly acquiring Nittany Bank, State College | Boyertown | Approved | |
| 12-29-05 | Parke Bancorp, Inc., Washington Township, NJ, to acquire 100% of the shares of Parke Interim Bank, Philadelphia, PA | Washington Township, NJ | Approved |
New Bank Charters
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 12-29-05 | Parke Interim Bank Philadelphia Philadelphia County | Philadelphia | Approved | |
| The interim bank is being formed for the sole purpose of serving as a temporary charter to facilitate the expansion of the branch operations of Parke Bank, Washington Township, NJ, into this Commonwealth. | ||||
| 12-29-05 | Conestoga Bank Uwchlan Township Chester County | Uwchlan Township | Filed | |
| Correspondent: | ||||
| David R. Payne, Esq. Stevens & Lee 620 Freedom Business Center Suite 200 P. O. Box 62330 King of Prussia, PA 19406 | ||||
Consolidations, Mergers and Absorptions
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 1-1-06 | First Commonwealth Bank, Indiana, First Commonwealth Trust Company, Indiana, First Commonwealth Professional Resources, Inc., Indiana, and First Commonwealth Systems Corporation, Indiana Surviving Institution-- First Commonwealth Bank, Indiana | Indiana | Effective | |
| First Commonwealth Professional Resources, Inc. and First Commonwealth Systems Corporation were nonbank subsidiaries of First Commonwealth Financial Corporation, the parent holding company of the merger proponents. | ||||
Branch Applications
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 12-27-05 | Orrstown Bank Shippensburg Cumberland County | 201 South Cleveland Avenue Hagerstown Washington County, MD | Approved |
Branch Relocations
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 12-27-05 | Lafayette Ambassador Bank Easton Northampton County | To: | One East Broad Street Bethlehem Northampton County | Approved |
| From: | 60 West Broad Street Bethlehem Northampton County |
Branch Discontinuances
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 12-27-05 | Pennsylvania Business Bank Philadelphia Philadelphia County | 1401 Walnut Street Philadelphia Philadelphia County | Approved | |
| 12-27-05 | CSB Bank Curwensville Clearfield County | BILO Supermarket Route 255 Million Dollar Highway St. Marys Elk County | Approved |
SAVINGS INSTITUTIONS
No activity.
CREDIT UNIONS
Conversions
| Date | Name of Credit Union | Location | Action | |
|---|---|---|---|---|
| 12-29-05 | Franklin-Oil Region Credit Union Franklin Venango County | Franklin | Approved | |
| Application represents conversion from an occupational-based credit union to a community charter with a proposed field of membership consisting of those who live, work, worship, volunteer, attend school in and businesses and other legal entities in Venango County. | ||||
| 12-30-05 | K of C Federal Credit Union Philadelphia Philadelphia County | Philadelphia | Filed | |
| To: | ||||
| K of C Credit Union Philadelphia Philadelphia County | ||||
| Application represents conversion from a Federal credit union to a State-chartered credit union. | ||||
Consolidations, Mergers and Absorptions
| Date | Name of Credit Union | Location | Action | |
|---|---|---|---|---|
| 12-31-05 | Tri County Area Federal Credit Union, Pottstown, and KCC Credit Union, Boyertown Surviving Institution-- Tri County Area Federal Credit Union, Pottstown | Pottstown | Effective |
A. WILLIAM SCHENCK, III,
Secretary
[Pa.B. Doc. No. 06-69. Filed for public inspection January 13, 2006, 9:00 a.m.]
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