160 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [29 Pa.B. 577]

       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 19, 1999.

    BANKING INSTITUTIONS

    New Charter Applications

    DateName of BankLocationAction
    1-15-99Brown Brothers Harriman
       Trust Company of Pennsylvania
    Philadelphia
    Philadelphia County
    PhiladelphiaApproved
    1-15-99Pennsylvania Business Bank
    Philadelphia
    Philadelphia County
    PhiladelphiaApproved

    Conversions

    DateName of BankLocationAction
    1-13-99First National Bank of Jermyn
    Jermyn
    Lackawanna County
          To:
    First Liberty Bank & Trust
    Jermyn
    Lackawanna County
    645 Washington Ave.
    Jermyn
    Lackawanna County
    Approved
    Application represents conversion from a nationally-chartered banking institution to a State-chartered banking institution.

    Consolidations, Mergers and Absorptions

    DateName of BankLocationAction
    1-14-99First Liberty Bank & Trust
       Jermyn and NBO National Bank,
       Olyphant
       Surviving Institution--
       First Liberty Bank & Trust, Jermyn
    JermynFiled
    1-15-99Patriot Bank, Pottstown, and
       First Lehigh Bank, Walnutport
       Surviving Institution--
       Patriot Bank, Pottstown
    PottstownApproved

    Branch Discontinuances

    DateName of BankLocationAction
    1-13-99Patriot Bank
    Pottstown
    Montgomery County
    Redner's Supermarket
    703 South West End Blvd.
    Quakertown
    Bucks County
    Approved

    SAVINGS ASSOCIATIONS

    No activity.

    CREDIT UNIONS

    Branch Applications

    DateName of Credit UnionLocationAction
    1-13-99UTI Employees Credit Union
    Collegeville
    Montgomery County
    206 Jones Boulevard
    Pottstown
    Limerick Township
    Montgomery County
    Approved

    RICHARD C. RISHEL,   
    Secretary

    [Pa.B. Doc. No. 99-160. Filed for public inspection January 29, 1999, 9:00 a.m.]

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