1989 Actions on applications

DEPARTMENT OF BANKING

Actions on Applications

[37 Pa.B. 5809]
[Saturday, October 27, 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 16, 2007.

BANKING INSTITUTIONS

Charter Applications

Date	Name of Bank		Location	Action
10-12-07	Monument Bank Doylestown Bucks County		Doylestown	Approved
10-16-07	Prestige Community Bank Newtown Bucks County		104 Pheasant Run Newtown Bucks County	Commenced Operations

Holding Company Acquisitions

Date	Name of Corporation		Location	Action
10-11-07	First Keystone Corporation, Berwick, to acquire 100% of Pocono Community Bank, Stroudsburg, which will be merged with and into First Keystone National Bank, Berwick (a wholly-owned subsidiary of First Keystone Corporation).		Berwick	Approved

Section 112 Applications

Date	Name of Corporation		Location	Action
10-11-07	Harleysville National Corporation, Harleysville, to acquire up to 19.9% of Berkshire Bancorp, Inc., Wyomissing, and thereby indirectly acquire up to 19.9% of the voting control of Berkshire Bank, Wyomissing.		Harleysville	Approved
	This application is in conjunction with an application by Harleysville National Corporation, Harleysville, for approval to acquire 100% of East Penn Financial Corporation, Emmaus, which currently has approval to own up to 19.9% of Berkshire Bancorp, Inc.
10-15-07	The PNC Financial Services Group, Inc., Pittsburgh, to acquire up to 19.9% of Bucks County Bank, Doylestown, in conjunction with the acquisition of Yardville National Bancorp, Hamilton, NJ. (Yardville National Bancorp owned 13.39% of the common shares of Bucks County Bank at the time the application was filed, but currently owns less than 10.0% of Bucks County Bank.)		Pittsburgh	Withdrawn

Consolidations, Mergers and Absorptions

Date	Name of Bank		Location	Action
10-15-07	Federated Investors Trust Company of PA, Pittsburgh, and Federated Investors Trust Company, Sicklerville, NJ Surviving Institution-- Federated Investors Trust Company of PA, Pittsburgh		Pittsburgh	Approved
	Merger will complete the conversion from a New Jersey State-chartered institution to a Pennsylvania State-chartered trust company.

Branch Applications

Date	Name of Bank		Location	Action
10-11-07	Citizens Bank of Pennsylvania Philadelphia Philadelphia County		273 DeKalb Pike North Wales Montgomery County	Filed
10-12-07	Conestoga Bank Chester Springs Chester County		630 Skippack Pike Whitpain Township Montgomery County	Approved
10-12-07	Republic First Bank Philadelphia Philadelphia County		8764 Frankford Avenue Philadelphia Philadelphia County	Approved
10-12-07	Abington Savings Bank Jenkintown Montgomery County		420 South York Road Hatboro Montgomery County	Approved

Branch Relocations

Date	Name of Bank		Location	Action
10-10-07	Firstrust Savings Bank Conshohocken Montgomery County	To:	Butler Avenue and County Line Road Chalfont Bucks County	Filed
		From:	4275 County Line Road Chalfont Bucks County

Branch Discontinuances

Date	Name of Bank		Location	Action
10-12-07	Stonebridge Bank Exton Chester County		1212 Churchville Road Bel Air Harford County, MD	Approved

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. 07-1989. Filed for public inspection October 26, 2007, 9:00 a.m.]