186 Actions on applications  

  • DEPARTMENT OF BANKING

    Actions on Applications

    [40 Pa.B. 625]
    [Saturday, January 30, 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 January 12, 2010.

     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 Department of 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
    1-4-2010 Macquarie Bank Limited
    Sydney, Australia
    Effective
    Indirect acquisition of 100% of the common stock of Delaware Management Trust Company, Philadelphia.
    12-28-2009 Allen E. Ertel Filed
    Application for approval to acquire up to 18.0% of Woodlands Financial Services Company, Williamsport.
    1-8-2010 J. Donald Steele, Jr., and
    Joanne K. Steele
    Filed
    Application for approval to acquire up to 35.0% of the common stock of Northumberland Bancorp, Northumberland.

    Branch Applications

    De Novo Branches

    Date Name and Location of Applicant Location of Branch Action
    1-8-2010 Somerset Trust Company
    Somerset
    Somerset County
    2690 William Penn Avenue
    Suite 5
    Johnstown
    Cambria County
    Approved

    Branch Relocations

    Date Name and Location of Applicant Location of Branch Action
    1-4-2010 Mifflinburg Bank and Trust Company
    Mifflinburg
    Union County
    To:2894 North Susquehanna
    Trail
    Shamokin Dam
    Snyder County
    Effective
    From: 8 North Routes 11 and 15
    Selinsgrove
    Snyder County

    Branch Discontinuances

    Date Name and Location of Applicant Location of Branch Action
    1-8-2010 Beneficial Mutual Savings Bank
    Philadelphia
    Philadelphia County
    9910 Frankford Avenue
    Philadelphia
    Philadelphia County
    Filed
    1-8-2010 Beneficial Mutual Savings Bank
    Philadelphia
    Philadelphia County
    2 Scott Street and
    Pavilion Avenue
    Riverside
    Burlington County, NJ
    Filed

    Articles of Amendment

    Date Name and Location of Institution Action
    1-8-2010 First Commonwealth Bank
    Indiana
    Indiana County
    Filed
    Amendment to Article 5 of the institution's Articles of Incorporation authorizes the issuance of common stock and preferred stock.

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    No activity.

     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. 10-186. Filed for public inspection January 29, 2010, 9:00 a.m.]


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