82 Actions on applications?

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 [phone]. 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12-30-2010	Royal Bank America Narberth Rescinded Montgomery County			Approval Rescinded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.]