2062 Action on applications

DEPARTMENT OF BANKING

Action on Applications

[36 Pa.B. 6416]
[Saturday, October 21, 2006]

   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 10, 2006.

BANKING INSTITUTIONS

Holding Company Acquisitions

Date	Name of Corporation		Location	Action
10-5-06	Conestoga Bancorp, Inc., Chester Springs, to acquire 100% of the voting shares of PSB Bancorp, Inc., Philadelphia, under the provisions of section 115 of the Banking Code of 1965		Chester Springs	Filed

New Charter Applications

Date	Name of Bank		Location	Action
10-6-06	Vantage Point Bank Fort Washington Montgomery County		Fort Washington	Filed
	Correspondent:
	Walter L. Tillman, Jr. 1300 Cedar Hill Road Lower Gwynedd, PA 19002

Conversions

Date	Name of Bank		Location	Action
10-3-06	Luzerne National Bank Luzerne Luzerne County		Luzerne	Filed
	To:
	Luzerne Bank Luzerne Luzerne County
	Application represents request to convert from a National banking association to a State-chartered bank and trust company.

Consolidations, Mergers and Absorptions

Date	Name of Bank		Location	Action
10-4-06	Reliance Savings Bank Altoona Blair County		Altoona	Approved
	Purchase of assets/assumption of liabilities of two branch offices of Susquehanna Bank, Hagerstown, MD Located at:
	1254 Old Route 220 North Duncansville Blair County		3119 Pleasant Valley Boulevard Altoona Blair County
10-5-06	Fulton Bank Lancaster Lancaster County		Lancaster	Approved
	Purchase of essentially all the assets and assumption of essentially all the liabilities of Premier Bank, Doylestown, Bucks County, PA. Both institutions are wholly owned subsidiaries of Fulton Financial Corporation, Lancaster, PA.
10-5-06	Mid Penn Bank Millersburg Dauphin County		Millersburg	Approved
	Purchase of assets/assumption of liabilities of two branch offices of Omega Bank, State College. Located at:
	51 South Front Street Steelton Dauphin County		1100 Spring Garden Drive Middletown Dauphin County
10-5-06	Conestoga Bank, Chester Springs and First Penn Bank, Philadelphia Surviving Institution-- Conestoga Bank, Chester Springs		Chester Springs	Filed
10-10-06	Graystone Interim Bank, Lancaster, and Graystone Bank, Lancaster Surviving Institution-- Graystone Interim Bank, Lancaster, with a change in corporate title to Graystone Bank		Lancaster	Effective
	As of the effective date of the merger, Graystone Bank, will become a wholly owned subsidiary of Graystone Financial Corp., Lancaster, a newly formed bank holding company.

Branch Applications

Date	Name of Bank		Location	Action
10-2-06	Abington Savings Bank Jenkintown Montgomery County		Maris Grove Retirement Community 100 Maris Grove Way Glen Mills Delaware County (Limited Service Facility)	Opened
10-3-06	CommunityBanks Millersburg Dauphin County		915 West Postal Road Douglassville Amity Township Berks County	Filed
10-4-06	Citizens Bank of Pennsylvania Philadelphia Philadelphia County		400 Adams Shoppes Mars Butler County	Approved
10-4-06	Farmers and Merchants Trust Company of Chambersburg Chambersburg Franklin County		Carlisle Crossing Shopping Center Carlisle Cumberland County	Approved
10-4-06	Royal Asian Bank Philadelphia Philadelphia County		232 Broad Avenue Palisades Park Bergen County, NJ	Approved
10-5-06	Northwest Savings Bank Warren Warren County		West 4th Street (State Route 22/522) Granville Township Mifflin County	Approved
10-5-06	First Priority Bank Malvern Chester County		1200 Broadcasting Road Wyomissing Berks County	Filed
10-6-06	Stonebridge Bank Exton Chester County		319 East Street Road Warminster Bucks County	Approved

Branch Discontinuances

Date	Name of Bank		Location	Action
8-18-06	Union Bank and Trust Company Pottsville Schuylkill County		Weis Supermarket Route 61 and St. Clair Avenue Pottsville Schuylkill County	Filed
10-6-06	Omega Bank State College Center County		Two branche offices Located at:	Approved
			51 South Front Street Steelton Dauphin County
			1100 Spring Garden Drive Middletown Dauphin County
10-6-06	Stonebridge Bank Exton Chester County		408 Lakeside Drive Southampton Bucks County	Approved

SAVINGS INSTITUTIONS

No activity.

CREDIT UNIONS

Branch Applications

Date	Name of Credit Union		Location	Action
10-4-06	Belco Community Credit Union Harrisburg Dauphin County		1758 Oregon Pike Lancaster Lancaster County	Approved

Change of Principal Place of Business

Date	Name of Credit Union		Location	Action
10-6-06	Philadelphia Post Office Employees' Credit Union Philadelphia Philadelphia County	From:	2970 Market Street Philadelphia Philadelphia County	Approved and Effective
		To:	401 Baily Road Yeadon Delaware County

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

VICTORIA A. REIDER,   
Acting Secretary

[Pa.B. Doc. No. 06-2062. Filed for public inspection October 20, 2006, 9:00 a.m.]