DEPARTMENT OF BANKING AND SECURITIES
Actions on Applications
[48 Pa.B. 309]
[Saturday, January 13, 2018]
The Department of Banking and Securities (Department), under the authority in the Banking Code of 1965 (7 P.S. §§ 101—2204), the Department of Banking and Securities Code (71 P.S. §§ 733-1—733-1203) and 17 Pa.C.S. (relating to Credit Union Code), has taken the following actions on applications received for the week ending January 2, 2018.
Under section 503.E of the Department of Banking and Securities Code (71 P.S. § 733-503.E), any person wishing to comment on the following applications, with the exception of branch applications, may file comments in writing with the Department of Banking and Securities, 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.
Section 112 Acquisitions
Date Name and Location of Applicant Action 12-28-2017 Ronald M. Soldo
Hilton Head Island, SC
Approved Application for approval to acquire up to 9.9% of the common stock of Hyperion Bank, Philadelphia.
Holding Company Acquisitions
Date Name and Location of Applicant Action 1-1-2018 Atlantic Community Bancshares, Inc.
Effective Application for approval to acquire 100% of BBN Financial Corp., Glastonbury, CT, and thereby indirectly acquire 100% of Bankers' Bank Northeast, Glastonbury, CT.
Consolidations, Mergers and Absorptions
Date Name and Location of Applicant Action 1-1-2018 Atlantic Community Bankers Bank
Effective Merger of Bankers' Bank Northeast, Glastonbury, CT, with and into Atlantic Community Bankers Bank, Camp Hill, PA. As a result of the merger, the sole office of Bankers' Bank Northeast, located at the following address, became a branch office of Atlantic Community Bankers Bank: 43 Western Boulevard
Hartford County, CT
De Novo Branches
Date Name and Location of Applicant Location of Branch Action 12-18-2017 Jersey Shore State Bank
3081 Route 405 Highway
Opened 12-29-2017 Citizens Bank of Pennsylvania
1700 New Butler Road
Date Name and Location of Applicant Location of Branch Action 12-18-2017 The Juniata Valley Bank
To: 4076 William Penn Highway
Effective From: 5294 West River Road
The Department's web site at www.dobs.pa.gov includes public notices for more recently filed applications.
ROBIN L. WIESSMANN,
[Pa.B. Doc. No. 18-62. Filed for public inspection January 12, 2018, 9:00 a.m.]
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