93 Actions on applications  

  • DEPARTMENT OF BANKING AND SECURITIES

    Actions on Applications

    [45 Pa.B. 312]
    [Saturday, January 17, 2015]

     The Department of Banking and Securities (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 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 6, 2015.

     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 their 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.

    BANKING INSTITUTIONS

    Section 112 Acquisitions

    Date Name and Location of Applicant Action
    12-29-2014 BB&T
    Winston-Salem
    Forsyth County, NC
    Filed
    Application for approval to acquire Semper Trust Company, King of Prussia.

    Holding Company Acquisitions

    Date Name and Location of Applicant Action
    12-29-2014 BB&T Corporation
    Winston-Salem
    Forsyth County, NC
    Filed
    Application for BB&T Corporation to acquire 100% of Susquehanna Bancshares, Inc., Lititz, and thereby indirectly acquire Susquehanna Bank, Lititz as well as Susquehanna Trust and Investment Company, Lancaster.
    1-1-2015 Bryn Mawr Bank Corporation
    Bryn Mawr
    Montgomery County
    Effective
    Application for Bryn Mawr Bank Corporation to acquire 100% of Continental Bank Holdings, Inc., Plymouth Meeting, and thereby indirectly acquire Continental Bank, Plymouth Meeting.
    1-1-2015 Univest Corporation of Pennsylvania
    Souderton
    Montgomery County
    Effective
    Application for approval to acquire 100% of Valley Green Bank, Philadelphia.

    Consolidations, Mergers and Absorptions

    Date Name and Location of Applicant Action
    1-1-2015 The Bryn Mawr Trust Company
    Bryn Mawr
    Montgomery County
    Effective
    Application for approval to merge Continental Bank, Plymouth Meeting, with and into The Bryn Mawr Trust Company, Bryn Mawr.
    As a result of the merger, the following branch offices of Continental Bank became branch offices of The Bryn Mawr Trust Company:
    301 East Montgomery Avenue
    Bala Cynwyd
    Montgomery County
    599 Skippack Pike
    Blue Bell
    Montgomery County
    528 Fayette Street
    Conshohocken
    Montgomery County
    227 Lancaster Avenue
    Devon
    Chester County
    113 West Germantown Pike
    East Norriton
    Montgomery County
    197 East DeKalb Pike
    King of Prussia
    Montgomery County
    33 West Ridge Pike
    Limerick
    Montgomery County
    7133 Ridge Avenue
    Philadelphia
    Philadelphia County
    1000 and 2000 Shannondell Drive
    Audubon
    Montgomery County
    436 Egypt Road
    West Norriton
    Montgomery County
    1-1-2015Univest Bank and Trust Co.
    Souderton
    Montgomery County
    Effective
    Application for approval to merge Valley Green Bank, Philadelphia, with and into Univest Bank and Trust Co., Souderton.
    All branch offices of Valley Green Bank will become branch offices of Univest Bank and Trust Co. including the former main office of Valley Green Bank located at:
    7226 Germantown Avenue
    Philadelphia
    Philadelphia County

    Branch Applications

    De Novo Branches

    Date Name and Location of Applicant Location of Branch Action
    12-18-2014 Noah Bank
    Elkins Park
    Montgomery County
    2337 Lemoine Avenue
    Fort Lee
    Bergen County, NJ
    Opened
    12-22-2014 Peoples Security Bank & Trust Company
    Scranton
    Lackawanna County
    2355 City Line Road
    Bethlehem
    Lehigh County
    Opened
    12-30-2014 S&T Bank
    Indiana
    Indiana County
    Route 19 and Duncan Avenue
    Town of McCandless
    Allegheny County
    Filed
    12-30-2014 S&T Bank
    Indiana
    Indiana County
    227 Butler Road
    Kittanning
    Armstrong County
    Filed

    Branch Discontinuances

    Date Name and Location of Applicant Location of Branch Action
    12-12-2014 Noah Bank
    Elkins Park
    Montgomery County
    1550 Lemoine Avenue
    Fort Lee
    Bergen County, NJ
    Closed

    CREDIT UNIONS

    Consolidations, Mergers and Absorptions

    Date Name and Location of Applicant Action
    12-31-2014 Butler Armco Employees Credit Union
    Butler
    Butler County
    Effective
    Application for approval to merge Southern Butler County Community Credit Union, Mars, with and into Butler Armco Employees Credit Union, Butler.
    The former main office of Southern Butler County Community Credit Union became a branch office Butler Armco Employees Credit Union.
    963 Route 228
    Mars
    Butler County

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

    GLENN E. MOYER, 
    Secretary

    [Pa.B. Doc. No. 15-93. Filed for public inspection January 16, 2015, 9:00 a.m.]

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