NOTICES
DEPARTMENT OF BANKING
Actions on Applications
[37 Pa.B. 5809]
[Saturday, October 27, 2007]
[Saturday, October 27, 2007]
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 October 16, 2007.
BANKING INSTITUTIONS
Charter Applications
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 10-12-07 | Monument Bank Doylestown Bucks County | Doylestown | Approved | |
| 10-16-07 | Prestige Community Bank Newtown Bucks County | 104 Pheasant Run Newtown Bucks County | Commenced Operations |
Holding Company Acquisitions
| Date | Name of Corporation | Location | Action | |
|---|---|---|---|---|
| 10-11-07 | First Keystone Corporation, Berwick, to acquire 100% of Pocono Community Bank, Stroudsburg, which will be merged with and into First Keystone National Bank, Berwick (a wholly-owned subsidiary of First Keystone Corporation). | Berwick | Approved |
Section 112 Applications
| Date | Name of Corporation | Location | Action | |
|---|---|---|---|---|
| 10-11-07 | Harleysville National Corporation, Harleysville, to acquire up to 19.9% of Berkshire Bancorp, Inc., Wyomissing, and thereby indirectly acquire up to 19.9% of the voting control of Berkshire Bank, Wyomissing. | Harleysville | Approved | |
| This application is in conjunction with an application by Harleysville National Corporation, Harleysville, for approval to acquire 100% of East Penn Financial Corporation, Emmaus, which currently has approval to own up to 19.9% of Berkshire Bancorp, Inc. | ||||
| 10-15-07 | The PNC Financial Services Group, Inc., Pittsburgh, to acquire up to 19.9% of Bucks County Bank, Doylestown, in conjunction with the acquisition of Yardville National Bancorp, Hamilton, NJ. (Yardville National Bancorp owned 13.39% of the common shares of Bucks County Bank at the time the application was filed, but currently owns less than 10.0% of Bucks County Bank.) | Pittsburgh | Withdrawn | |
Consolidations, Mergers and Absorptions
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 10-15-07 | Federated Investors Trust Company of PA, Pittsburgh, and Federated Investors Trust Company, Sicklerville, NJ Surviving Institution-- Federated Investors Trust Company of PA, Pittsburgh | Pittsburgh | Approved | |
| Merger will complete the conversion from a New Jersey State-chartered institution to a Pennsylvania State-chartered trust company. | ||||
Branch Applications
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 10-11-07 | Citizens Bank of Pennsylvania Philadelphia Philadelphia County | 273 DeKalb Pike North Wales Montgomery County | Filed | |
| 10-12-07 | Conestoga Bank Chester Springs Chester County | 630 Skippack Pike Whitpain Township Montgomery County | Approved | |
| 10-12-07 | Republic First Bank Philadelphia Philadelphia County | 8764 Frankford Avenue Philadelphia Philadelphia County | Approved | |
| 10-12-07 | Abington Savings Bank Jenkintown Montgomery County | 420 South York Road Hatboro Montgomery County | Approved |
Branch Relocations
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 10-10-07 | Firstrust Savings Bank Conshohocken Montgomery County | To: | Butler Avenue and County Line Road Chalfont Bucks County | Filed |
| From: | 4275 County Line Road Chalfont Bucks County |
Branch Discontinuances
| Date | Name of Bank | Location | Action | |
|---|---|---|---|---|
| 10-12-07 | Stonebridge Bank Exton Chester County | 1212 Churchville Road Bel Air Harford County, MD | Approved |
SAVINGS INSTITUTIONS
No activity.
CREDIT UNIONS
No activity.
The Department's website at www.banking.state.pa.us includes public notices for more recently filed applications.
STEVEN KAPLAN,
Secretary
[Pa.B. Doc. No. 07-1989. Filed for public inspection October 26, 2007, 9:00 a.m.]
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