1733 Actions on applications  

  • DEPARTMENT OF BANKING

    Actions on Applications

    [41 Pa.B. 5392]
    [Saturday, October 8, 2011]

     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 September 20, 2011.

     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
    9-19-2011 From: Union Community Bank, FSB
    Mount Joy
    Lancaster County
    Filed
    To: Union Community Bank
    Mount Joy
    Lancaster County
    Application for approval to convert from a Federal savings bank to State-chartered stock savings bank

    Holding Company Acquisitions

    Date Name and Location of Applicant Action
    9-17-2011 Customers Bancorp, Inc.
    Phoenixville
    Chester County
    Effective
    Application for approval to acquire 100% of Berkshire Bancorp, Inc., Wyomissing and thereby indirectly acquire 100% of Berkshire Bank, Wyomissing.

    Consolidations, Mergers, and Absorptions

    Date Name and Location of Applicant Action
    9-17-2011 Customers Bank
    Phoenixville
    Chester County
    Effective
    Merger of Customers Bank, Phoenixville, with and into New Century Interim Bank, Phoenixville, with a change in corporate title to Customers Bank. As a result of this transaction, Customers Bank, Phoenixville, has become the wholly-owned subsidiary of Customers Bancorp, Inc., Phoenixville, a newly-formed holding company.
    9-17-2011 Customers Bank
    Phoenixville
    Chester County
    Effective
    Merger of Berkshire Bank, Wyomissing, with and into Customers Bank, Phoenixville.
    As a result of the merger, the following branch offices of Berkshire Bank became branch offices of Customers Bank:
    1101 Woodland Road
    Wyomissing
    Berks County
    (Former main office of
    Berkshire Bank)
    350 East Bellevue Avenue
    Reading
    Berks County
    1 Hearthstone Court
    Reading
    Berks County
    555 Penn Avenue
    West Reading
    Berks County
    2493 Bernville Road
    Reading
    Berks County

    Branch Applications

    Branch Relocations

    Date Name and Location of Applicant Location of Branch Action
    9-13-2011 Northwest Savings Bank
    Warren
    Warren County
    To: 2200 South Atherton Drive
    State College
    Centre County
    Filed
    From: 611 University Drive
    State College
    Centre County
    9-14-2011 Miners Bank
    Minersville
    Schuylkill County
    To: 504 South Atherton Avenue
    Frackville
    Schuylkill County
    Filed
    From: 452 Lehigh Avenue
    Frackville
    Schuylkill County

    Branch Discontinuances

    Date Name and Location of Applicant Location of Branch Action
    8-26-2011 Elderton State Bank
    Elderton
    Armstrong County
    121 North McKean Street
    Kittanning
    Armstrong County
    Closed

    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.

    GLENN E. MOYER, 
    Secretary

    [Pa.B. Doc. No. 11-1733. Filed for public inspection October 7, 2011, 9:00 a.m.]

Document Information