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COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 11-82

NOTICES

DEPARTMENT OF BANKING

Actions on Applications

[41 Pa.B. 359]
[Saturday, January 15, 2011]

 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 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 January 4, 2011.

 Under section 503.E of the Department of Banking Code (71 P. S. § 733-503.E), any person wishing to comment on the following applications, with the exception of branch applications, may file their comments in writing with the Department of Banking, Corporate Applications Division, 17 North Second Street, Suite 1300, Harrisburg, PA 17101-2290. Comments must be received no later than 30 days from the date notice regarding receipt of the application is published in the Pennsylvania Bulletin. The nonconfidential portions of the applications are on file at the Department and are available for public inspection, by appointment only, during regular business hours. To schedule an appointment, contact the Corporate Applications Division at (717) 783-2253. Photocopies of the nonconfidential portions of the applications may be requested consistent with the Department's Right-to-Know Law Records Request policy.

BANKING INSTITUTIONS

Section 112 Acquisitions

Date Name and Location of Applicant Action
12-30-2010 Edward E. Shin and group of passive individual investors Effective
Acquisition of 100% of the common stock of Royal Asian Bank, Philadelphia.
1-4-2011 PTC 450 Ltd. Filed
Application for approval to acquire 100% of the common stock of The Pennsylvania Trust Company, Radnor.

Holding Company Acquisitions

Date Name and Location of Applicant Action
1-1-2011 F.N.B. Corporation
Hermitage
Mercer County
Effective
Acquisition of 100% of Comm Bancorp, Inc., Clarks Summit, and indirect acquisition of 100% of Community Bank and Trust Company, Clarks Summit.

Consolidations, Mergers, and Absorptions

Date Name and Location of Applicant Action
12-30-2010 Royal Bank America
Narberth Rescinded
Montgomery County
Approval
Rescinded
Application for approval to merge Royal Asian Bank, Philadelphia, with and into Royal Bank America, Narberth.

Branch Applications

De Novo Branches

Date Name and Location of Applicant Location of Branch Action
12-27-2010 Monument Bank
Doylestown
Bucks County




#7419
Newton Plaza
33 Swamp Road
Newton
Bucks County
Approved

Branch Relocations

Date Name and Location of Applicant Location of Branch Action
1-3-2011 Northwest Savings Bank
Warren
Warren County
To:

#4967
2864 Earlystown Road
Centre Hall
Centre County
Approved
From: 219 North Pennsylvania Avenue
Centre Hall
Centre County
Closed

Branch Discontinuances

Date Name and Location of Applicant Location of Branch Action
11-30-2010 S&T Bank
Indiana
Indiana County



#6409
20 North Pennsylvania Avenue
Greensburg
Westmoreland County
Closed
12-10-2010 S&T Bank
Indiana
Indiana County



#1887
225 Lucerne Road
Lucerne Mines
Indiana County
Closed
12-29-2010 New Century Bank
Phoenixville
Chester County




#7323
457 Haddonfield Road
Suite 100
Cherry Hill
Camden County, NJ
Filed
12-29-2010 VIST Bank
Wyomissing
Berks County



#7364
190 East DeKalb Pike
King of Prussia
Montgomery County
Filed

Articles of Amendment

Date Name and Location of Institution Action
12-30-2010 Royal Asian Bank
Philadelphia
Philadelphia County
Approved and Effective
Amendment to the Fifth Article of the institution's Articles of Incorporation increases the number of authorized common shares to 20 million.
1-4-2011 Public Savings Bank Huntingdon Valley Montgomery County Approved and Effective
Amendment to Article III of the institution's Articles of Incorporation increases the total number of shares of all capital stock which the institution shall have the authority to issue from 4,000,000 shares to 12,000,000 shares of capital stock by (i) increasing the number of shares of voting common stock from 3,000,000 shares to 5,000,000 shares, having no par value per share; (ii) creating a new class of capital stock consisting of 5,000,000 shares of non-voting common stock with no par value; and (iii) increasing the shares of preferred stock from 1,000,000 shares to 2,000,000 shares of preferred stock, having such par value or no par value as may be determined by the Board of Trustees of the institution.

SAVINGS INSTITUTIONS

No activity.

CREDIT UNIONS

Consolidations, Mergers, and Absorptions

Date Name and Location of Applicant Action
1-1-2011 Viriva Community Credit Union
Warminster
Bucks County
Effective
Merger of Defense Electronics Federal Credit Union, Lansdale, with and into Viriva Community Credit Union, Warminster.
As a result of the merger, the sole office of Defense Electronics Federal Credit Union, located at the following address, became a branch office of Viriva Community Credit Union:
305 Richardson Road
Lansdale
Montgomery County

Branch Applications

Branch Discontinuances

Date Name and Location of Applicant Location of Branch Action
12-31-2010 Riverset Credit Union
Pittsburgh
Allegheny County
500 Hospital Way
McKeesport
Allegheny County
Closed

 The Department's web site at www.banking.state.pa.us includes public notices for more recently filed applications.

STEVEN KAPLAN, 
Secretary

[Pa.B. Doc. No. 11-82. Filed for public inspection January 24, 2010, 9:00 a.m.]



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