2009 Actions on applications  

  • DEPARTMENT OF BANKING

    Actions on Applications

    [40 Pa.B. 6173]
    [Saturday, October 23, 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 October 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

    Conversions

    Date Name and Location of Applicant Action
    10-8-2010 From: Team Capital Bank
    Bethlehem
    Northampton County
    Filed
    To: Team Capital Bank
    Bethlehem
    Northampton County
    Application for approval to convert from a federally-chartered savings association to a Pennsylvania state-chartered stock savings bank.

    Branch Applications

    De Novo Branches

    Date Name and Location of Applicant Location of Branch Action
    10-7-2010 Citizens Bank of Pennsylvania
    Philadelphia
    Philadelphia County
    475 Ben Franklin Road South
    Indiana
    Indiana County
    Approved
    10-7-2010 ESB Bank
    Ellwood City
    Lawrence County
    Rochester Road and Graham Park Drive
    Cranberry Township
    Butler County
    Approved
    10-8-2010 Centric Bank
    Harrisburg
    Dauphin County
    1625 Market Street
    Camp Hill
    Cumberland County
    Filed

    Branch Consolidations

    Date Name and Location of Applicant Location of Branch Action
    10-7-2010 AmeriServ Financial Bank
    Johnstown
    Cambria County
    Into: 734 South Atherton Street
    State College
    Centre County
    Approved
    From: 763 Benner Pike
    State College
    Centre County

    Branch Discontinuances

    Date Name and Location of Applicant Location of Branch Action
    9-30-2010 First Commonwealth Bank
    Indiana
    Indiana County
    312 North Liberty Street
    New Castle
    Lawrence County
    Closed
    10-7-2010 S & T Bank
    Indiana
    Indiana County
    225 Lucerne Road
    Lucerne Mines
    Indiana County
    Approved

    Articles of Amendment

    Date Name and Location of Institution Action
    10-12-2010 Standard Bank, PaSB
    Murrysville
    Westmoreland County
    Approved and Effective
    Articles of Amendment provide for the institution's Articles of Incorporation to be amended and restated in their entirety to: (i) provide that a liquidation account be established in Standard Bank, PaSB (Standard Bank) for certain depositors of Standard Bank in connection with the conversion (the Conversion) of Standard Mutual Holding Company, the current mutual holding company for Standard Bank, from the mutual to the stock form of organization; (ii) to prohibit any person or entity other than Standard Financial Corp., the Maryland corporation that will become the new holding company for Standard Bank upon completion of the Conversion, from acquiring beneficial ownership of over 10% of Standard Bank for a period of 5 years following the Conversion; and (iii) to remove from Standard Bank's Articles of Incorporation information relating to the incorporators and the first directors of Standard Bank.

    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. 10-2009. Filed for public inspection October 22, 2010, 9:00 a.m.]

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