7 Actions on applications

DEPARTMENT OF BANKING AND SECURITIES

Actions on Applications

[46 Pa.B. 25]
[Saturday, January 2, 2016]

 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 December 22, 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 [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

Incorporations

Date	Name and Location of Applicant			Action
12-16-2015	Peoples Security Trust/Wealth Management Company Scranton Lackawanna County			Withdrawn
	Corresponding Agent Daniel G. Murray 301 Carnegie Center, Suite 400 Princeton, NJ 08543

Interim Incorporations

Date	Name and Location of Applicant			Action
12-21-2015	Covenant Interim Bank Doylestown Bucks County			Effective
	The purpose of Covenant Interim Bank, Doylestown, is to merge with Covenant Bank, Doylestown, to facilitate the proposed reorganization of Covenant Bank into a bank holding company structure whereby Covenant Bank will become the wholly-owned subsidiary of Covenant Financial, Inc., a new holding company in formation.

Section 112 Acquisitions

Date	Name and Location of Applicant			Action
12-18-2015	Richard J. Green			Filed
	Application for approval to acquire over 50% majority voting control of Semperverde Holding Company, Conshohocken, and thereby voting control of Firstrust Savings Bank, which is a wholly owned subsidiary of Semperverde Holding Company.

Holding Company Acquisitions

Date	Name and Location of Applicant			Action
12-18-2015	Nextier, Inc. Kittanning Armstrong County			Approved
	Application for approval to acquire 100% of Eureka Financial Corp., Pittsburgh and thereby indirectly acquire 100% of Eureka Bank, Financial Savings Association, Pittsburgh.

Consolidations, Mergers and Absorptions

Date	Name and Location of Applicant			Action
12-18-2015	C&G Savings Bank Altoona Blair County			Filed
	Application for approval to merge Cresson Community Bank, Cresson, with and into C&G Savings Bank, Altoona, and changing their corporate title to PennCrest Bank.

Branch Applications

De Novo Branches

Date	Name and Location of Applicant		Location of Branch	Action
12-7-2015	PeoplesBank, A Codorus Valley Company York York County		1651 Baltimore Pike Hanover York County	Opened
12-17-2015	Compass Savings Bank Wilmerding Allegheny County		87 Rocky Road Irwin Westmoreland County	Filed

Branch Discontinuance

Date	Name and Location of Applicant		Location of Branch	Action
12-9-2015	Beneficial Bank Philadelphia Philadelphia County		7262 Frankford Avenue Philadelphia Philadelphia County	Filed

Branch Consolidations

Date	Name and Location of Applicant		Location of Branch	Action
12-4-2015	AmeriServ Financial Bank Johnstown Cambria County	Into:	1857 North Atherton Street State College Centre County	Withdrawn
		From:	734 South Atherton Street State College Centre County

CREDIT UNIONS

No activity.

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

ROBIN L. WIESSMANN, 
Secretary

[Pa.B. Doc. No. 16-7. Filed for public inspection December 31, 2015, 9:00 a.m.]