59 Action on applications

DEPARTMENT OF BANKING

Action on Applications

[28 Pa.B. 150]

   The Department of Banking of the Commonwealth of Pennsylvania, 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 December 30, 1997.

BANKING INSTITUTIONS

Consolidations, Mergers and Absorptions

Date	Name of Bank		Location	Action
12-30-97	Penn Security Bank and Trust Company, Scranton, and Penn Security Interim Bank and Trust Company, Scranton Surviving Institution--Penn Security Bank and Trust Company, Scranton		Scranton	Approved
Subject merger is being effected to facilitate the acquisition of Penn Security Bank and Trust Company, Scranton, by Penseco Financial Services Corporation, Scranton, a bank holding company in organization.

Branch Applications

Date	Name of Bank		Location	Action
12-10-97	Keystone Savings Bank Bethlehem Northampton County		5700 Hamilton Blvd. Wescosville Lower Macungie Twp. Lehigh County	Opened
12-22-97	Mercer County State Bank Sandy Lake Mercer County		Route 62 Jackson Township Mercer County	Opened
12-22-97	Beneficial Mutual Savings Bank Philadelphia Philadelphia County		Morrell Plaza Shopping Center 9910 Frankford Avenue Philadelphia Philadelphia County	Opened
12-22-97	Beneficial Mutual Savings Bank Philadelphia Philadelphia County		Larchmont Commons Shopping Center 3113 Route 38 Mount Laurel Burlington Co., NJ	Opened
12-29-97	The Bryn Mawr Trust Company Bryn Mawr Montgomery County		One Tower Bridge One Front St., Ste. 101 West Conshohocken Montgomery County	Approved
12-29-97	Ambassador Bank of the Commonwealth Allentown Lehigh County		Saucon Valley Square Wyandotte Street Lower Saucon Township Northampton County	Approved

Branch Relocations

Date	Name of Bank	Location		Action
12-26-97	Parkvale Savings Bank Monroeville Allegheny County	To:	4885 McKnight Road Storeroom #1A Pittsburgh Ross Twp. Allegheny County	Authorization Rescinded
		From:	4885 McKnight Road Storeroom #18 Pittsburgh Ross Twp. Allegheny County

SAVINGS ASSOCIATIONS

No activity.

CREDIT UNIONS

Branch Applications

Date	Name of Credit Union		Location	Action
12-30-97	Lee Hospital Credit Union Johnstown Cambria County		223 Industrial Park Road Johnstown Cambria County	Approved

RICHARD C. RISHEL,   
Secretary

[Pa.B. Doc. No. 98-59. Filed for public inspection January 9, 1998, 9:00 a.m.]