2172 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [35 Pa.B. 6443]

       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 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 November 15, 2005.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of CorporationLocationAction
    11-10-05Parke Bancorp, Inc., Washington Township, NJ, to acquire all the shares of Parke Interim Bank, Philadelphia, PAWashington Township, NJFiled

    New Charter Applications

    DateName of BankLocationAction
    11-10-05Greystone Bank
    Lancaster
    Lancaster County
    361 Granite Run Drive
    Lancaster
    Lancaster County
    Commenced Operations
    11-10-05Valley Forge Trust Company
    King of Prussia
    Montgomery County
    120 South Warner Road
    Suite 200
    King of Prussia
    Montgomery County
    Commenced Operations

    Consolidations, Mergers, and Absorptions

    DateName of BankLocationAction
    11-9-05Standard Bank, PaSB, Murrysville, and Hoblitzell National Bank of Hyndman
    Surviving Institution--
    Standard Bank, PaSB,
    Murrysville
    MurrysvilleApproved
    11-10-05Beneficial Mutual Savings Bank, Philadelphia, and Northwood Savings Bank, Philadelphia
    Surviving Institution--
    Beneficial Mutual Savings Bank, Philadelphia
    PhiladelphiaEffective
    The former main office of Northwood Savings Bank, and its only office, located at 1500 East Susquehanna Avenue, Philadelphia, will be discontinued and all operations will be transferred to an office of Beneficial Mutual Savings Bank located at Aramingo and Cumberland Streets, Philadelphia.

    Branch Applications

    Date Name of BankLocationAction
    10-17-05Parkvale Savings Bank
    Monroeville
    Allegheny County
    1420 Greengate Centre Circle
    Greensburg
    Westmoreland County
    Opened
    11-7-05East Penn Bank
    Emmaus
    Lehigh County
    4510 Bath Pike
    Hanover Township
    Northampton County
    Opened
    11-9-05Graystone Bank
    Lancaster
    Lancaster County
    112 Market Street
    Harrisburg
    Dauphin County
    Approved
    11-9-05Graystone Bank
    Lancaster
    Lancaster County
    362 West Main Street
    Leola
    Lancaster County
    Approved

    Branch Relocations

    DateName of BankLocationAction
    11-8-05PeoplesBank, A Codorus
    Valley Company
    York
    York County
    To:48 East Market Street
    York
    York County
    Filed
    From:118 East Market Street
    York
    York County

    Articles of Amendment

    DateName of BankPurposeAction
    11-10-05First Savings Bank of
    Perkasie
    Perkasie
    Bucks County
    The amendment to Article 2 of the Articles of Incorporation provides for a change in the principal place of business from 1211 North Fifth Street to 219 South Ninth Street, both addresses in Perkasie, Bucks County; and the amendment to Article 11 is to amend and restate the article in its entirety.Approved and Effective

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    Consolidations, Mergers and Absorptions

    DateName of Credit UnionLocationAction
    11-9-05Freedom Credit Union, Philadelphia, and FBC Federal Credit Union, Philadelphia
    Surviving Institution--
    Freedom Credit Union,
    Philadelphia
    PhiladelphiaFiled

    A. WILLIAM SCHENCK, III,   
    Secretary

    [Pa.B. Doc. No. 05-2172. Filed for public inspection November 23, 2005, 9:00 a.m.]

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