21 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [34 Pa.B. 67]

       The Department of Banking, 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 23, 2003.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of BankLocationAction
    12-17-03FleetBoston Financial Corporation,
       Boston, MA, to acquire 100% of the
       voting shares of Progress Financial
       Corporation, Blue Bell, PA, and
       thereby indirectly acquire Progress
       Bank, Blue Bell, PA
    Boston, MAApproved

    New Charter Applications

    DateName of BankLocationAction
    12-18-03Meridian bank
    Berwyn
    Chester County
    BerwynFiled
    Correspondent:
    David F. Scranton, Esq.
    Stradley Ronon Stevens & Young, LLP
    Great Valley Corporate Center
    30 Valley Stream Parkway
    Malvern, PA 19355-1481

    Conversions

    DateName of BankLocationAction
    12-16-03ESB Bank, F. S. B.
    Ellwood City
    Lawrence County
    Ellwood CityApproved
    To:
    ESB Bank
    Ellwood City
    Lawrence County
    Represents conversion from a Federally-chartered stock savings bank to a State-chartered stock savings bank.

    Branch Applications

    DateName of BankLocationAction
    12-6-03Pennsylvania State Bank
    Camp Hill
    Cumberland County
    7040 Jonestown Road
    Harrisburg
    West Hanover Township
    Dauphin County
    Opened
    12-11-03Northwest Savings Bank
    Warren
    Warren County
    3407 Liberty Street
    Erie
    Erie County
    Opened
    12-15-03Citizens Bank of Pennsylvania
    Philadelphia
    Philadelphia County
    2 East Baltimore Avenue
    Media
    Delaware County
    Opened
    12-15-03Beneficial Mutual Savings Bank
    Philadelphia
    Philadelphia County
    1411 Rhawn Street
    Philadelphia
    Philadelphia County
    Filed
    12-15-03Beneficial Mutual Savings Bank
    Philadelphia
    Philadelphia County
    6918 Brous Avenue
    Philadelphia
    Philadelphia County
    Filed
    12-15-03Firstrust Savings Bank
    Conshohocken
    Montgomery County
    725 West Lancaster Avenue
    Bryn Mawr
    Montgomery County
    Filed
    12-16-03Citizens Bank of Pennsylvania
    Philadelphia
    Philadelphia County
    Gloucester Township Acme
    515 Berlin-Cross Keys Road
    Sicklerville
    Camden County, NJ
    Opened
    12-16-03New Century Bank
    Phoenixville
    Chester County
    155 East Lancaster Avenue
    Wayne
    Radnor Township
    Delaware County
    Approved
    12-16-03First Columbia Bank & Trust Co.
    Bloomsburg
    Columbia County
    Northumberland Drive
    Ralpho Township
    Northumberland County
    Approved
    12-18-03Community Banks
    Millersburg
    Dauphin County
    271 Market Street
    Lemoyne
    Cumberland County
    Approved
    12-18-03Community Banks
    Millersburg
    Dauphin County
    201 West Chocolate Avenue
    Hershey
    Derry Township
    Dauphin County
    Approved
    12-19-03Community Banks
    Millersburg
    Dauphin County
    One East Harrisburg Street
    Dillsburg
    York County
    Filed

    Branch Relocations

    DateName of BankLocationAction
    12-17-03Northwest Savings Bank
    Warren
    Warren County
    To:4525 Buffalo Road
    Erie
    Harborcreek Township
    Erie County
    Filed
    From:4423 Buffalo Road
    Erie
    Harborcreek Township
    Erie County
    12-18-03Royal Bank of Pennsylvania
    Narberth
    Montgomery County
    To:1230 Walnut Street
    Philadelphia
    Philadelphia County
    Approved
    From:1340 Walnut Street
    Philadelphia
    Philadelphia County

    Branch Discontinuances

    DateName of BankLocationAction
    11-28-03Fulton Bank
    Lancaster
    Lancaster County
    3123 North George Street
    Emigsville
    York County
    Effective

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    Consolidations, Mergers and Absorptions

    DateName of Credit UnionLocationAction
    12-17-03DPC Credit Union, Atglen, and Citadel Federal Credit Union, Thorndale
    Surviving Institution--Citadel Federal Credit Union, Thorndale
    AtglenApproved

    A. WILLIAM SCHENCK, III,   
    Secretary

    [Pa.B. Doc. No. 04-21. Filed for public inspection January 2, 2004, 9:00 a.m.]

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