16 Actions on applications?  

  • DEPARTMENT OF BANKING

    Actions on Applications

    [40 Pa.B. 30]
    [Saturday, January 2, 2010]

     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 December 22, 2009.

     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 Departmentof 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 (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
    12-15-2009 Macquarie Bank Limited
    Sydney, Australia
    Approved
    Application for approval to indirectly acquire 100% of the common stock of Delaware Management
    Trust Company, Philadelphia.

    Holding Company Acquisitions

    Date Name and Location of Applicant Action
    12-18-2009Metro Bancorp, Inc.
    Harrisburg
    Dauphin County
    Filed
    Application for approval to acquire 100% of Republic First Bancorp, Inc., Philadelphia, and thereby indirectly acquire Republic First Bank, Philadelphia.

    Consolidations, Mergers, and Absorptions

    DateName and Location of ApplicantAction
    12-18-2009Northwest Savings Bank
    Warren
    Warren County
    Effective
    Merger of Northwest Interim Bank I, Northwest Interim Bank II, and Northwest Interim Bank III with and into Northwest Savings Bank, Warren. As a result of this transaction, Northwest Savings Bank has reorganized from a mutual holding company structure to a stock holding company structure.

    Branch Applications

    De Novo Branches

    DateName and Location of Applicant Location of Branch Action
    12-16-2009 Somerset Trust Company
    Somerset
    Somerset County
    2690 William Penn Avenue
    Suite 5
    Johnstown
    Cambria County
    Filed

    Branch Discontinuances

    Date Name and Location of ApplicantLocation of Branch Action
    11-30-2009Centric Bank
    Harrisburg
    Dauphin County
    10 North Progress Avenue
    Harrisburg
    Dauphin County
    Closed

    Articles of Amendment

    Date Name and Location of InstitutionAction
    12-17-2009First CornerStone Bank
    King of Prussia
    Montgomery County
    Approved and Effective
    Amendment to the Fifth Article of the institution's Articles of Incorporation increases the number of authorized shares of common stock and authorizes the issuance of debt instruments, including, but not limited to, subordinated notes.

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    Consolidations, Mergers, and Absorptions

    Date Name and Location of ApplicantAction
    12-15-2009 First Choice Federal Credit Union
    New Castle
    Lawrence County
    Approved
    Application for approval to merge New Castle Postal Employees Credit Union, New Castle, with and into First Choice Federal Credit Union, New Castle.

     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. 10-16. Filed for public inspection December 31, 2009, 9:00 a.m.]

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