1747 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [29 Pa.B. 5403]

       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 October 5, 1999.

    BANKING INSTITUTIONS

    Consolidations, Mergers and Absorptions

    DateName of BankLocationAction
    9-30-99Port Richmond Savings, Philadelphia, and Gorgas Savings Association, Philadelphia
    Surviving Institution--Port Richmond Savings, Philadelphia
    PhiladelphiaEffective

    Branch Applications

    DateName of BankLocationAction
    9-23-99Northwest Savings Bank
    Warren
    Warren County
    70 Richmond Street
    Painesville
    Lake County, Ohio
    Opened
    9-23-99Northwest Savings Bank
    Warren
    Warren County
    325 Center Street
    Chardon
    Geauga County, Ohio
    Opened
    10-1-99Patriot Bank
    Pottstown
    Montgomery County
    151 Good Drive
    Lancaster
    Lancaster County
    Opened
    10-1-99Patriot Bank
    Pottstown
    Montgomery County
    500 Office Center Dr.
    Ft. Washington
    Montgomery County
    Opened
    10-1-99Patriot Bank
    Pottstown
    Montgomery County
    65 E. Elizabeth Avenue
    Bethlehem
    Northampton County
    Opened

    Articles of Amendment

    DateName of BankPurposeAction
    9-29-99vBank, A Savings Bank
    Philadelphia
    Philadelphia County
    Provides for a change in the principal place of business from:  803 East Germantown Pike, Norristown, Montgomery County; to:  1535 Locust Street, Philadelphia, Philadelphia CountyEffective

    SAVINGS ASSOCIATIONS

    Conversions

    DateName of AssociationLocationAction
    10-1-99Morton Savings and Loan Association
    Morton
    Delaware County
             To:
    Morton Savings Bank
    Morton
    Delaware County
    MortonEffective
    Represents conversion from a State-chartered savings and loan association to a Federally-chartered savings and loan association.

    Consolidations, Mergers and Absorptions

    DateName of AssociationLocationAction
    9-28-99The Bridesburg Savings Association, Philadelphia, and Cornerstone-
    Feltonville Building and Loan Association, Glenside
    Surviving Institution--The Bridesburg Savings Association, Philadelphia, with a change in corporate title and location to: ''Cornerstone Savings Association,'' Glenside
    PhiladelphiaApproved
    Effective
    9-30-99
    Note:  The former main office of The Bridesburg Savings Association located at 4800 Richmond Avenue, Philadelphia, became a branch office of Cornerstone Savings Association subsequent to the merger.

    CREDIT UNIONS

    Consolidations, Mergers and Absorptions

    DateName of Credit UnionLocationAction
    9-30-99Atlantic Employees Federal Credit Union, Newtown Square, and National Group Employees Credit Union, Frazer
    Surviving Institution--Atlantic Employees Federal Credit Union, Newtown Square
    Newtown SquareEffective

    DAVID E. ZUERN,   
    Secretary

    [Pa.B. Doc. No. 99-1747. Filed for public inspection October 15, 1999, 9:00 a.m.]

Document Information