2274 Actions on applications?  

  • DEPARTMENT OF BANKING

    Actions on Applications

    [40 Pa.B. 6795]
    [Saturday, November 27, 2010]

     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 November 9, 2010.

     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

    Section 112 Acquisitions

    Date Name and Location of Applicant Action
    10-28-2010 Warburg Pincus Private Equity X, LP and Warburg Pincus X Partners, LP New York, NYFiled
    Application for approval to acquire up to 19.7% of the common stock of National Penn Bancshares, Inc., Boyertown, PA, the parent bank holding company of National Penn Bank, Boyertown, PA, and Christiana Bank & Trust Company, Greenville, DE.

    Holding Company Acquisitions

    Date Name and Location of Applicant Action
    11-1-2010 F.N.B. Corporation
    Hermitage
    Mercer County
    Filed
    Application for approval to acquire 100% of Comm Bancorp, Inc., Clarks Summit, and thereby indirectly acquire 100% of Community Bank and Trust Company, Clarks Summit.
    11-8-2010 Alliance Bancorp, Inc. of Pennsylvania Broomall
    Delaware County
    Approved
    Application for approval to acquire 100% of Greater Delaware Valley Savings Bank (doing business as Alliance Bank), Broomall.

    Branch Applications

    De Novo Branches

    Date Name and Location of Applicant Location of Branch Action
    11-1-2010
    Susquehanna Bank
    Lititz
    Lancaster County
    5002 Lincoln Drive West
    Evesham Township
    Burlington County, NJ
    Opened

    Branch Relocations

    DateName and Location of Applicant Location of Branch Action
    11-8-2010 Susquehanna Bank
    Lititz
    Lancaster County
    To: Via Bella and Hepburn Streets
    Williamsport
    Lycoming County
    Filed
    From: 329 Pine Street
    Williamsport
    Lycoming County

    Branch Discontinuances

    Date Name and Location of Applicant Location of Branch Action
    10-29-2010 NOVA Bank
    Berwyn
    Chester County
    1819 John F. Kennedy Boulevard Philadelphia
    Philadelphia County
    Closed
    11-8-2010 Susquehanna Bank
    Lititz
    Lancaster County
    225 Williams Street
    Williamsport
    Lycoming County
    Filed

    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.

    STEVEN KAPLAN, 
    Secretary

    [Pa.B. Doc. No. 10-2274. Filed for public inspection November 24, 2010, 9:00 a.m.]

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