82 Action on applications

DEPARTMENT OF BANKING

Action on Applications

[27 Pa.B. 320]

   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 31, 1996.

BANKING INSTITUTIONS

Branch Applications

Date	Name of Bank		Location	Action
12-16-96	Twin Rivers Community Bank Easton Northampton County		1003 W. Broad St. Bethlehem Lehigh County	Opened
12-23-96	Sun Bank Selinsgrove Snyder County		Old Routes 11 and 15    and Corner of    Route 17 Liverpool Perry County	Filed

Branch Consolidations

Date	Name of Bank		Location	Action
12-6-96	Northwest Savings Bank Warren Warren	From:	537 Main Street Clarion Clarion County	Effective
		Into:	601 Main Street Clarion Clarion County

SAVINGS ASSOCIATIONS

   No activity.

CREDIT UNIONS

Conversions

Date	Name of Credit Union		Location	Action
12-27-96	Harrisburg Belco Federal    Credit Union Harrisburg Dauphin County		Harrisburg	Filed
	To:
	Belco Credit Union Harrisburg Dauphin County
	Application represents conversion from a Federally-chartered credit union to a State-chartered credit union.

   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 January 7, 1997.

BANKING INSTITUTIONS

Holding Company Acquisitions

Date	Name of Corporation		Location	Action
12-31-96	Prime Newco, Inc. (to be renamed    Prime Bancorp, Inc.), Philadelphia, to merge with First Sterling Bancorp, Inc., Devon, and so indirectly acquire First Sterling Bank, Devon		Philadelphia	Effective

New Charter Applications

Date	Name of Bank		Location	Action
1-2-97	Patriot Interim Bank Pottstown Montgomery County		Pottstown	Filed
	Application to charter an interim commercial bank will be used to facilitate the conversion of Patriot Bank, Pottstown, from a Federally-chartered savings bank to a State-chartered commercial bank.

Conversions

Date	Name of Institution		Location	Action
1-2-97	Patriot Bank Pottstown Montgomery County		Pottstown	Filed
	To:
	Patriot Savings Bank Pottstown Montgomery County
	Application represents conversion from a Federally-chartered savings bank to a State-chartered savings bank.

Consolidations, Mergers and Absorptions

Date	Name of Bank		Location	Action
12-31-96	Omega Bank, N. A., State College,    and Montour Bank, Danville    surviving institution--    Omega Bank, N. A., State College		State College	Effective

Branch Applications

Date	Name of Bank		Location	Action
1-2-97	Peoples Bank of Glen Rock Glen Rock York County		2701 Eastern Blvd. York York County	Approved
1-6-97	First Capitol Bank York York County		2170 White Street York West Manchester Twp. York County	Opened

Branch Discontinuances

Date	Name of Bank		Location	Action
5-31-96	Dauphin Deposit Bank and    Trust Company Harrisburg Dauphin County		760 Cumberland St. Lebanon Lebanon County	Effective

Articles of Amendment

Date	Name of Bank		Purpose	Action
1-7-97	Community Bank and Trust    Company Forest City Susquehanna County		To Restate Article 8 of the Articles of Incorporation re indemnification of directors, officers, employes or agents of the institution.	Approved and Effective

SAVINGS ASSOCIATIONS

Conversions

Date	Name of Association		Location	Action
12-31-96	Schuylkill Savings and Loan    Association Schuylkill Haven Schuylkill County		Schuylkill Haven	Effective
	Represents conversion from a Pennsylvania-chartered mutual savings association to a Federally-chartered mutual savings association.

Consolidations, Mergers and Absorptions

Date	Name of Association		Location	Action
12-27-96	St. Edmond's Federal Savings    Bank, Philadelphia, and Keystone Savings and Loan Association, Philadelphia surviving institution-- St. Edmond's Federal Savings Bank, Philadelphia		Philadelphia	Effective

Branch Applications

Date	Name of Association		Location	Action
1-2-97	Slovenian Savings and Loan    Association of Franklin-    Conemaugh Conemaugh Cambria County		Riverside Shopping    Center Jefferson Avenue Windber Somerset County	Approved

CREDIT UNIONS

   No activity.

RICHARD C. RISHEL,   
Secretary

[Pa.B. Doc. No. 97-82. Filed for public inspection January 17, 1997, 9:00 a.m.]