15 Actions on applications  

  • DEPARTMENT OF BANKING

    Actions on Applications

    [38 Pa.B. 82]
    [Saturday, January 5, 2008]

       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 9, 2002 (P. L. 1572, No. 207), known as the Credit Union Code, has taken the following action on applications received for the week ending December 18, 2007.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of CorporationLocation Action
    12-14-07Toronto-Dominion Bank, Toronto, Canada, and its subsidiaries TD US P & C Holdings ULC, Calgary, Canada, Cardinal Top Co., New York, NY, and Cardinal Intermediate Co., New York, NY, to acquire 100% of Commerce Bancorp, Inc., Cherry Hill, NJ, and thereby indirectly acquire Commerce Bank, National Association, Philadelphia, PAToronto, CanadaFiled

    Section 112 Applications

    Date Name of Corporation LocationAction
    12-14-07 Boston Private Financial Holdings, Inc., Boston, MA, to acquire 80.1% of Davidson Trust Company, Devon, PABoston, MAFiled
    12-14-07Toronto-Dominion Bank, Toronto, Canada, and its subsidiaries TD US P & C Holdings ULC, Calgary, Canada, Cardinal Top Co., New York, NY, and Cardinal Intermediate Co., New York, NY, to acquire up to 14.82% of Pennsylvania Commerce Bancorp, Inc., Harrisburg, PA, and thereby indirectly acquire an interest in Commerce Bank/Harrisburg, National Association, Harrisburg, PAToronto, CanadaFiled

    Branch Applications

    Date Name of Bank LocationAction
    11-1-07 Abington Savings Bank
    Jenkintown
    Montgomery County
    800 Bethlehem Pike
    Springhouse
    Montgomery County
    Opened

    Branch Relocations

    DateName of Bank LocationAction
    12-14-07Citizens Bank of Pennsylvania
    Philadelphia
    Philadelphia County
    To:229 North West End
    Boulevard, Suite D-1
    Quakertown
    Montgomery County
    Approved
    From:255 North West End
    Boulevard
    Quakertown
    Montgomery County
    12-14-07Reliance Savings Bank
    Altoona
    Blair County
    To:401 Logan Boulevard
    Altoona
    Blair County
    Approved
    From:109 Logan Boulevard
    Altoona
    Blair County

    Branch Discontinuances

    Date Name of Bank LocationAction
    11-16-07 Susquehanna Bank PA
    Lititz
    Lancaster County
    LititzEffective
    Susquehanna Bank PA discontinued the following six branch offices due to purchase of assets/
    assumption of liabilities by Susquehanna Bank, Hagerstown, MD:
    4501 Hanover Pike
    Manchester
    Carroll County, MD
    275 Clifton Boulevard
    Westminster
    Carroll County, MD
    10455 Mill Run Circle
    Owings Mills
    Baltimore County, MD
    10802 Red Run Boulevard
    Owings Mills
    Baltimore County, MD
    8620 Snowden River Parkway
    Columbia
    Howard County, MD
    8801 Columbia 100 Parkway
    Columbia
    Howard County, MD

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    Consolidations, Mergers and Absorptions

    DateName of Credit Union Location Action
    12-17-07Pennsylvania State Employees Credit Union, Harrisburg, and GF Employees Credit Union, Camp Hill
    Surviving Institution--
    Pennsylvania State Employees
    Credit Union, Harrisburg
    HarrisburgFiled

    Articles of Amendment

    Date Name of Credit Union PurposeAction
    12-13-07Pittsburgh Teachers
    Credit Union
    Pittsburgh
    Allegheny County
    Amendment to the 1st Article
    of the Articles of Incorporation
    Approved and Effective
    Amendment to the 1st Article of the Articles of Incorporation provides for a change in the name
    of the credit union to ''Riverset Credit Union.''

       The Department's website at www.banking.state.pa.us includes public notices for more recently filed applications.

    STEVEN KAPLAN,   
    Secretary

    [Pa.B. Doc. No. 08-15. Filed for public inspection January 4, 2008, 9:00 a.m.]

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