2079 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [33 Pa.B. 5326]

       The Department of Banking, 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 14, 2002.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of BankLocationAction
    9-23-03East Penn Financial Corporation,
       Emmaus, to acquire up to 24.9%
       of the outstanding common stock
       of Berkshire Bank, Wyomissing
    EmmausEffective
    10-14-03FleetBoston Financial Corporation,
       Boston, MA, to acquire 100% of    Progress Financial Corporation,
       Blue Bell, PA, and thereby
       indirectly acquire Progress Bank,    Blue Bell, PA
    Boston, MAFiled

    New Charter Applications

    DateName of Bank LocationAction
    10-8-03Market Street Interim Bank
    Camp Hill
    Cumberland County
    Camp HillApproved
    Interim bank being formed solely to facilitate the acquisition of Pennsylvania State Bank, Camp Hill, by The Pennsylvania State Banking Company, a bank holding company in organization.

    Consolidations, Mergers and Absorptions

    DateName of Bank  LocationAction
    10-8-03Market Street Interim Bank,
       Camp Hill, and Pennsylvania
       State Bank, Camp Hill
       Surviving Institution--
       Market Street Interim Bank,
       Camp Hill
    Camp HillFiled

    Branch Applications

    DateName of Bank LocationAction
    10-8-03Minersville Safe Deposit
       Bank & Trust Company
    Minersville
    Schuylkill County
    100 West Main Street
    Girardville
    Schuylkill County
    Filed
    10-9-03Sharon Savings Bank
    Darby
    Delaware County
    1900-02 South Street
    Philadelphia
    Philadelphia County
    Approved
    10-9-03S & T Bank
    Indiana
    Indiana County
    WalMart, Route 30
    Latrobe
    Westmoreland County
    Approved
    10-9-03East Penn Bank
    Emmaus
    Lehigh County
    502 State Road
    Emmaus
    Lehigh County
    Approved
    10-14-03Sun Bank
    Lewisburg
    Union County
    220 Highland Park
       Boulevard
    Wilkes-Barre
    Luzerne County
    Filed

    Branch Discontinuances

    DateName of Bank LocationAction
    10-9-03Farmers First Bank
    Lititz
    Lancaster County
    1419 Lancaster Road
    Manheim
    Lancaster County
    Approved

    SAVINGS INSTITUTIONS

    Voluntary Dissolutions

    DateName of Association Action
    10-8-03The Market Street Building
       and Loan Association
    Philadelphia
    Philadelphia County
    Articles of Dissolution filed with Department of State. Corporate existence terminated.

    CREDIT UNIONS

    Conversions

    DateName of Credit Union LocationAction
    10-10-03Local No. 38 and Associates
       Credit Union
    Milton
    Northumberland County
    MiltonApproved
    Represents conversion from an occupational credit union to a community credit union.

    A. WILLIAM SCHENCK, III,   
    Secretary

    [Pa.B. Doc. No. 03-2079. Filed for public inspection October 24, 2003, 9:00 a.m.]

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