NOTICES
DEPARTMENT OF BANKING
Action on Applications
[36 Pa.B. 5790]
[Saturday, September 16, 2006]
[Saturday, September 16, 2006]
The Department of Banking (Department), 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 September 5, 2006.
BANKING INSTITUTIONS
New Charter Applications
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 9-1-06 | Colonial American Bank West Conshohocken Montgomery County | West Conshohocken | Approved |
Interim Charter Applications
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 8-31-06 | Unity Bank Pennsylvania Forks Township Northampton County | Forks Township | Approved | |
| Interim bank being chartered solely to facilitate the ability of Unity Bank, Clinton, NJ, a New Jersey-chartered bank, to establish a branch office in Pennsylvania. | ||||
Mutual Holding Company Reorganization
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 8-29-06 | Greater Delaware Valley Savings Bank Broomall Delaware County | Broomall | Filed | |
| Greater Delaware Valley Savings Bank (Bank), which is currently organized in mutual holding company structure under Greater Delaware Valley Holdings, a Mutual Holding Company (MHC), is proposing to reorganize by inserting an interim Federal thrift holding company into its structure and converting the MHC to a Federal thrift holding company through a multi-step transaction involving the establishment of an interim bank (Alliance Interim Savings Bank), subsequent merger of the interim into the Bank and the acquisition of the bank by the newly established Federal thrift holding company. | ||||
Holding Company Acquisitions
| Date | Name of Corporation | Location | Action | |
| 8-31-06 | Unity Bancorp, Inc., Clinton, NJ, to acquire 100% of Unity Bank Pennsylvania, Forks Township, PA, which will be merged with and into Unity Bank, Clinton, NJ, the wholly owned subsidiary of Unity Bank, Inc. | Clinton, NJ | Approved |
Bank Holding Company Reorganizations
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 9-1-06 | Berkshire Bank, Wyomissing and Berkshire Interim Bank, Wyomissing Surviving Institution-- Bershire Bank, Wyomissing | Wyomissing | Effective | |
| The merger is being effected solely to facilitate the acquisition of Berkshire Bank, Wyomissing, by BERKSHIRE BANCORP, INC., Wyomissing, a newly formed bank holding company. | ||||
Consolidations, Mergers and Absorptions
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 8-28-06 | Reliance Savings Bank Altoona Blair County | Altoona | Filed | |
| Purchase of assets/assumption of liabilities of two branch offices of Susquehanna Bank, Hagerstown, MD. Located at: | ||||
| 1254 Old Route 220 North Duncansville Blair County | 3119 Pleasant Valley Boulevard Altoona Blair County | |||
| 9-1-06 | Fulton Bank Lancaster Lancaster County | Lancaster | Filed | |
| Purchase of assets/assumption of liabilities of Premier Bank, Doylestown. Both institutions are wholly owned subsidiaries of Fulton Financial Corporation, Lancaster. | ||||
Branch Applications
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 6-29-06 | First Cornerstone Bank King of Prussia Montgomery County | 368 Schuylkill Road Phoenixville Chester County | Opened | |
| 8-26-06 | Community First Bank Reynoldsville Jefferson County | 135 East Mahoning Street Punxsutawney Jefferson County (Temporary Location) | Opened | |
| 8-28-06 | Lafayette Ambassador Bank Easton Northampton County | North Third Street Coopersburg Lehigh County | Filed | |
| 8-31-06 | Northwest Savings Bank Warren Warren County | West 4th Street (SR 22/522) Granville Township Mifflin County | Filed | |
| 9-1-06 | Farmers and Merchants Trust Company of Chambersburg Chambersburg Franklin County | Carlisle Crossing Shopping Center Carlisle Cumberland County | Filed |
Branch Discontinuances
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 8-31-06 | First Commonwealth Bank Indiana Indiana County | 799 Castle Shannon Boulevard Pittsburgh Allegheny County | Approved |
Articles of Amendment
| Date | Name of Bank | Purpose | Action | |
|---|---|---|---|---|
| 9-1-06 | Public Savings Bank Willow Grove Montgomery County | Amendment to Article 1 of the Articles of Incorporation to change the principal place of business from 2300 Computer Avenue, Suite H42, Willow Grove, Montgomery County, PA, to 1265 Industrial Boulevard, Southampton, Bucks County, PA. | Approved and Effective |
SAVINGS INSTITUTIONS
No activity.
CREDIT UNIONS
Consolidations, Mergers and Absorptions
| Date | Name of Credit Union | Location | Action | |
|---|---|---|---|---|
| 9-1-06 | Freedom Credit Union, Philadelphia, and Church of the Redeemer Federal Credit Union, Philadelphia Surviving Institution-- Freedom Credit Union, Philadelphia | Philadelphia | Effective | |
| 9-1-06 | Freedom Credit Union, Philadelphia, and FBC Federal Credit Union, Philadelphia Surviving Institution-- Freedom Credit Union, Philadelphia | Philadelphia | Effective |
Branch Applications
| Date | Name of Credit Union | Location | Action | |
|---|---|---|---|---|
| 9-5-06 | Belco Community Credit Union Harrisburg Dauphin County | 1758 Oregon Pike Lancaster Lancaster County | Filed |
The Department's website at www.banking.state.pa.us includes public notices for more recently filed applications.
A. WILLIAM SCHENCK, III,
Secretary
[Pa.B. Doc. No. 06-1807. Filed for public inspection September 15, 2006, 9:00 a.m.]
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