2193 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [33 Pa.B. 5625]

       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 November 4, 2003.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of CorporationLocationAction
    10-31-03First Commonwealth Financial    Corporation, Indiana, to acquire    100% of the voting shares of    Pittsburgh Financial Corp., WexfordIndianaApproved
    10-31-03KNBT Bancorp, Inc., Bethlehem, to    acquire 100% of First Colonial    Group, Inc., NazarethBethlehemEffective
    KNBT Bancorp, Inc., Bethlehem, is a newly organized bank holding company and its sole banking subsidiary is Keystone Nazareth Bank & Trust Company.

    Conversions

    DateName of BankLocationAction
    10-31-03Keystone Savings Bank
    Bethlehem
    Northampton
    BethlehemEffective 
          To:
    Keystone Nazareth Bank & Trust    Company
    Bethlehem
    Northampton
    Represents conversion from a State-chartered mutual savings bank to a State-chartered stock savings bank.

    Consolidations, Mergers and Absorptions

    DateName of BankLocationAction
    10-27-03Lafayette Bank
    Easton
    Northampton County
    EastonEffective
    Purchase of assets/assumption of liabilities of two branch offices of Premier Bank, Doylestown, located at:
    2201 Northampton Street
    Easton
    Northampton County
    1401 Easton Avenue
    Bethlehem
    Northampton County
    10-31-03First Commonwealth Bank, Indiana,    and Pittsburgh Savings Bank,    Pittsburgh
    Surviving Institution--First    Commonwealth Bank, Indiana
    IndianaApproved
    10-31-03Keystone Nazareth Bank & Trust    Company, Bethlehem, and Nazareth National Bank and Trust Company, Nazareth
    Surviving Institution--Keystone    Nazareth Bank & Trust Company,    Bethlehem
    BethlehemEffective
    Branches Acquired by Means of Merger:
    1201 Airport Road
    Allentown
    Lehigh County
    101 South Third Street
    Easton
    Northampton County
    6900 Hamilton Boulevard
    Trexlertown
    Lehigh County
    2000 Sullivan Trail
    Easton
    Northampton County
    2540 MacArthur Road
    Whitehall
    Lehigh County
    553 Nazareth Drive
    Nazareth
    Northampton County
    Route 209
    Brodheadsville
    Monroe County
    76 South Main Street
    Nazareth
    Northampton County
    355 Lincoln Avenue
    East Stroudsburg
    Monroe County
    Moravian Hall Square
    175 West North Street
    Nazareth
    Northampton County
    500 Route 940
    Mount Pocono
    Monroe County
    33 South Broad Street
    Nazareth
    Northampton County
    1125 North Ninth Street
    Stroudsburg
    Monroe County
    3856 Easton-Nazareth Highway
    Easton
    Lower Nazareth Township
    Northampton County
    713 Main Street
    Stroudsburg
    Monroe County
    2510 MacArthur Road*
    Whitehall
    Lehigh County
    4510 Bath Pike
    Bethlehem
    Northampton County
    29 North Ninth Street*
    Allentown
    Lehigh County
    44 East Broad Street
    Bethlehem
    Northampton County
    1504 South Fourth Street*
    Allentown
    Lehigh County
    *These three branch offices were approved by the Comptroller of the Currency prior to the merger.

    Branch Applications

    DateName of BankLocationAction
    10-30-03Minersville Safe Deposit Bank &    Trust Company
    Minersville
    Schuylkill County
    100 West Main Street
    Girardville
    Schuylkill County
    Approved
    10-30-03Sun Bank
    Lewisburg
    Union County
    220 Highland Park Boulevard
    Wilkes-Barre
    Luzerne County
    Approved
    11-3-03First Columbia Bank & Trust Co.
    Bloomsburg
    Columbia County
    Northumberland Drive
    Ralpho Township
    Northumberland County
    Filed

    SAVINGS INSTITUTIONS

    Voluntary Dissolutions

    DateName of AssociationAction
    11-4-03The Home Building & Loan Association of Minersville
    Minersville
    Schuylkill County
    Articles of Dissolution filed with Department of State. Corporate existence terminated.

    CREDIT UNIONS

    Consolidations, Mergers and Absorptions

    DateName of Credit UnionLocationAction
    10-30-03DPC Credit Union, Atglen, and    Citadel Federal Credit Union,    Thorndale
    Surviving Institution--Citadel Federal    Credit Union, Thorndale
    AtglenFiled

    A. WILLIAM SCHENCK, III,   
    Secretary

    [Pa.B. Doc. No. 03-2193. Filed for public inspection November 14, 2003, 9:00 a.m.]

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