69 Action on applications

DEPARTMENT OF BANKING

Action on Applications

[36 Pa.B. 198]

   The Department of Banking, 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 January 3, 2006.

BANKING INSTITUTIONS

Holding Company Acquisitions

Date	Name of Corporation		Location	Action
12-28-05	National Penn Bancshares, Inc., Boyertown, to acquire 100% of the voting shares of Nittany Financial Corp., State College, and thereby indirectly acquiring Nittany Bank, State College		Boyertown	Approved
12-29-05	Parke Bancorp, Inc., Washington Township, NJ, to acquire 100% of the shares of Parke Interim Bank, Philadelphia, PA		Washington Township, NJ	Approved

New Bank Charters

Date	Name of Bank		Location	Action
12-29-05	Parke Interim Bank Philadelphia Philadelphia County		Philadelphia	Approved
	The interim bank is being formed for the sole purpose of serving as a temporary charter to facilitate the expansion of the branch operations of Parke Bank, Washington Township, NJ, into this Commonwealth.
12-29-05	Conestoga Bank Uwchlan Township Chester County		Uwchlan Township	Filed
	Correspondent:
	David R. Payne, Esq. Stevens & Lee 620 Freedom Business Center Suite 200 P. O. Box 62330 King of Prussia, PA 19406

Consolidations, Mergers and Absorptions

Date	Name of Bank		Location	Action
1-1-06	First Commonwealth Bank, Indiana, First Commonwealth Trust Company, Indiana, First Commonwealth Professional Resources, Inc., Indiana, and First Commonwealth Systems Corporation, Indiana Surviving Institution-- First Commonwealth Bank, Indiana		Indiana	Effective
	First Commonwealth Professional Resources, Inc. and First Commonwealth Systems Corporation were nonbank subsidiaries of First Commonwealth Financial Corporation, the parent holding company of the merger proponents.

Branch Applications

Date	Name of Bank		Location	Action
12-27-05	Orrstown Bank Shippensburg Cumberland County		201 South Cleveland Avenue Hagerstown Washington County, MD	Approved

Branch Relocations

Date	Name of Bank		Location	Action
12-27-05	Lafayette Ambassador Bank Easton Northampton County	To:	One East Broad Street Bethlehem Northampton County	Approved
		From:	60 West Broad Street Bethlehem Northampton County

Branch Discontinuances

Date	Name of Bank		Location	Action
12-27-05	Pennsylvania Business Bank Philadelphia Philadelphia County		1401 Walnut Street Philadelphia Philadelphia County	Approved
12-27-05	CSB Bank Curwensville Clearfield County		BILO Supermarket Route 255 Million Dollar Highway St. Marys Elk County	Approved

SAVINGS INSTITUTIONS

No activity.

CREDIT UNIONS

Conversions

Date	Name of Credit Union		Location	Action
12-29-05	Franklin-Oil Region Credit Union Franklin Venango County		Franklin	Approved
	Application represents conversion from an occupational-based credit union to a community charter with a proposed field of membership consisting of those who live, work, worship, volunteer, attend school in and businesses and other legal entities in Venango County.
12-30-05	K of C Federal Credit Union Philadelphia Philadelphia County		Philadelphia	Filed
	To:
	K of C Credit Union Philadelphia Philadelphia County
	Application represents conversion from a Federal credit union to a State-chartered credit union.

Consolidations, Mergers and Absorptions

Date	Name of Credit Union		Location	Action
12-31-05	Tri County Area Federal Credit Union, Pottstown, and KCC Credit Union, Boyertown Surviving Institution-- Tri County Area Federal Credit Union, Pottstown		Pottstown	Effective

A. WILLIAM SCHENCK, III,   
Secretary

[Pa.B. Doc. No. 06-69. Filed for public inspection January 13, 2006, 9:00 a.m.]