1901 Actions on applications  

  • DEPARTMENT OF BANKING

    Actions on Applications

    [37 Pa.B. 5611]
    [Saturday, October 20, 2007]

       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 October 2, 2007.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of CorporationLocationAction
    9-27-07Susquehanna Bancshares, Inc., Lititz, to acquire 100% of the voting shares of Community Banks, Inc., HarrisburgLititzApproved
    10-1-07Harleysville National Corporation, Harleysville, to acquire 100% of East Penn Financial Corporation, Emmaus, and so indirectly acquire East Penn Bank, Emmaus, which will be merged with and into The Harleysville National Bank and Trust Company, Harleysville (a wholly-owned subsidiary of Harleysville National Corporation).HarleysvilleApproved

    Mutual Holding Company Reorganization

    Date Name of BankLocation Action
    10-1-07 North Penn Bank
    Scranton
    Lackawanna County
    ScrantonEffective
    North Penn Bank (the Bank) has reorganized from a mutual holding company structure to a stock holding company structure. To effect the reorganization, the Bank created three interim Federal savings banks, which were merged with and into the Bank effective October 1, 2007. The resulting structure is a stock Federal thrift holding company, New North Penn Bancorp, Inc., which owns all of the shares of the Bank.

    Consolidations, Mergers and Absorptions

    DateName of BankLocation Action
    9-20-07Federated Investors Trust Company of PA, Pittsburgh, and Federated Investors Trust Company, Sicklerville, NJ Surviving Institution--
    Federated Investors Trust Company of PA, Pittsburgh
    PittsburghFiled
    Merger will complete the conversion from a New Jersey State-chartered institution to a Pennsylvania State-chartered trust company.
    9-27-07 Elderton State Bank, Elderton, and Elderton Interim Bank, Elderton Surviving Institution--
    Elderton State Bank, Elderton
    EldertonApproved
    Merger is in conjunction with the reorganization of Elderton State Bank to create a bank holding company structure. Elderton State Bank will become the wholly-owned subsidiary of Keystrong Financial, Inc., a new holding company in formation.
    9-27-07Susquehanna Bank PA, Lititz, and CommunityBanks, Millersburg Surviving Institution--
    Susquehanna Bank PA, Lititz
    LititzApproved
    10-1-07Susquehanna Bank PA
    Lititz
    Lancaster County
    LititzApproved
    Purchase of assets/assumption of liabilities of four branch offices of Susquehanna Bank DV, Bryn Mawr, located at:
    2228 State Hill Road
    Wyomissing
    Berks County
    4930 5th Street Highway
    Temple
    Berks County
    4915 Perkiomen Avenue
    Reading
    Berks County
    46 West Main Street
    Fleetwoood
    Berks County

    Branch Applications

    Date Name of Bank Location Action
    9-10-07 Mid Penn Bank
    Millersburg
    Dauphin County
    2101 Market Street
    Camp Hill
    Cumberland County
    Opened
    10-1-07 First Commonwealth Bank
    Indiana
    Indiana County
    5853 Forbes Avenue
    Pittsburgh
    Allegheny County
    Approved
    10-2-07 Mifflinburg Bank and Trust Company
    Mifflinburg
    Union County
    214 Vine Street
    New Berlin
    Union County
    Approved

    Branch Consolidations

    DateName of BankLocationAction
    9-27-07 Susquehanna Bank PA
    Lititz
    Lancaster County
    Into:4930 5th Street Highway
    Temple
    Berks County
    Approved
    From: 5318 Allentown Pike
    Temple
    Berks County
    (Branch consolidation pending the proposed merger of CommunityBanks, Millersburg, with and into Susquehanna Bank PA, Lititz, and the proposed purchase of assets/assumption of liabilities of the surviving branch from Susquehanna Bank DV, Bryn Mawr)
    9-27-07Susquehanna Bank PA
    Lititz
    Lancaster County
    Into:3199 Cape Horn Road
    Red Lion
    York County
    Approved
    From:3090 Cape Horn Road
    Red Lion
    York County
    (Branch consolidation pending the proposed merger of CommunityBanks, Millersburg, with and into Susquehanna Bank PA, Lititz)
    9-27-07 Susquehanna Bank PA
    Lititz
    Lancaster County
    Into:1205 Carlisle Road
    York
    York County
    Approved
    From:2170 White Street
    York
    York County
    (Branch consolidation pending the proposed merger of CommunityBanks, Millersburg, with and into Susquehanna Bank PA, Lititz)
    9-27-07Susquehanna Bank PA
    Lititz
    Lancaster County
    Into: 200 Willow Valley
    Lakes Drive
    Willow Street
    Lancaster County
    Approved
    From:90 Willow Valley
    Lakes Drive
    Willow Street
    Lancaster County
    (Branch consolidation pending the proposed merger of CommunityBanks, Millersburg, with and into Susquehanna Bank PA, Lititz)
    9-27-07Susquehanna Bank PA
    Lititz
    Lancaster County
    Into:1 Market Way East
    York
    York County
    Approved
    From:16 North George Street
    York
    York County
    (Branch consolidation pending the proposed merger of CommunityBanks, Millersburg, with and into Susquehanna Bank PA, Lititz)
    10-2-07 Citizens Bank of Pennsylvania
    Philadelphia
    Philadelphia County
    Into:338 West DeKalb Pike
    King of Prussia
    Montgomery County
    Approved
    From:608 DeKalb Pike
    King of Prussia
    Montgomery County
    10-2-07 S & T Bank
    Indiana
    Indiana County
    Into:3884 Route 30E
    Latrobe
    Westmoreland County
    Approved
    From:100 Colony Lane
    Latrobe
    Westmoreland County

    Branch Discontinuances

    DateName of BankLocationAction
    9-27-07 Susquehanna Bank PA
    Lititz
    Lancaster County
    2228 State Hill Road
    Wyomissing
    Berks County
    Approved
    (Branch discontinuance pending the proposed purchase of assets/assumption of liabilities of the branch from Susquehanna Bank DV, Bryn Mawr)
    9-27-07Susquehanna Bank PA
    Lititz
    Lancaster County
    10 South Main Street
    Spring Grove
    York County
    Approved
    9-27-07Susquehanna Bank PA
    Lititz
    Lancaster County
    2894 North Susquehanna Trail
    Shamokin Dam
    Snyder County
    Approved
    9-27-07Susquehanna Bank PA
    Lititz
    Lancaster County
    128 Toddy Drive
    East Earl
    Lancaster County
    Approved
    9-27-07Susquehanna Bank PA
    Lititz
    Lancaster County
    55 Wetzel Drive
    Hanover
    York County
    Approved
    (Branch discontinuance pending the proposed merger of CommunityBanks, Millersburg, with and into Susquehanna Bank PA, Lititz)
    9-27-07 Susquehanna Bank PA
    Lititz
    Lancaster County
    1 East Harrisburg Street
    Dillsburg
    York County
    Approved
    (Branch discontinuance pending the proposed merger of CommunityBanks, Millersburg, with and into Susquehanna Bank PA, Lititz)
    10-2-07 S & T Bank
    Indiana
    Indiana County
    Delmont Wal-Mart
    6700 Hollywood Boulevard
    Delmont
    Westmoreland County
    Approved

    Articles of Amendment

    Date Name of BankPurpose Action
    10-1-07North Penn Bank
    Scranton
    Lackawanna County
    Amendment to Article X of the Articles of Incorporation provides for establishing and maintaining a liquidation account for the benefit of the bank's savings account holders.Approved and Effective

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    No activity.

       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. 07-1901. Filed for public inspection October 19, 2007, 9:00 a.m.]

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