2153 Actions on applications  

  • DEPARTMENT OF BANKING

    Actions on Applications

    [38 Pa.B. 6507]
    [Saturday, November 29, 2008]

       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 November 18, 2008.

       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 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 during regular business hours. 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 Applications

    Date Name of IndividualLocationAction
    11-14-2008 William Kronenberg, III, to acquire up to 16.67% of preferred stock of New Century Bank, PhoenixvillePhoenixvilleFiled
    11-14-2008Kenneth B. and Moira F. Mumma to acquire up to 16.67% of preferred stock of New Century Bank, PhoenixvillePhoenixvilleFiled
    11-14-2008 John J. and Doris Sickler to acquire up to 13.33% of preferred stock of New Century Bank, PhoenixvillePhoenixvilleFiled
    11-14-2008 T. Lawrence Way to acquire up to 16.67% of preferred stock of New Century Bank, PhoenixvillePhoenixvilleFiled

    Holding Company Acquisitions

    Date Name of Corporation LocationAction
    11-10-2008 NOVA Financial Holdings, Inc., Berwyn, acquired 100% of Pennsylvania Business Bank, PhiladelphiaBerwynEffective

    Consolidations, Mergers and Absorptions

    Date Name of Bank LocationAction
    11-10-2008 Pennsylvania Business Bank, Philadelphia, and NOVA Interim Bank, Berwyn
    Surviving Institution: Pennsylvania Business Bank, Philadelphia
    PhiladelphiaEffective
    11-11-2008Embassy Bank for the Lehigh Valley, Bethlehem, and Embassy Interim Bank, Bethlehem
    Surviving Institution: Embassy Interim Bank, Bethlehem, with the surviving institution continuing under the name ''Embassy Bank for the Lehigh Valley''
    BethlehemEffective
    As a result of the previously mentioned merger, Embassy Bank for the Lehigh Valley, Bethlehem, became a wholly-owned subsidiary of Embassy Bancorp, Inc., Bethlehem.

    Branch Applications

    De Novo Branches

    Date Name of Bank Location Action
    10-17-2008 Affinity Bank of Pennsylvania
    Wyomissing
    Berks County
    4200 North 5th Street
    Highway
    Temple
    Berks County
    Opened
    10-21-2008Clarion County Community Bank
    Clarion
    Clarion County
    592 Main Street
    Rimersburg
    Clarion County
    Opened
    11-3-2008 Meridian Bank
    Devon
    Chester County
    60 East Uwchlan Avenue
    Lionville
    Chester County
    Opened
    11-10-2008 Luzerne Bank
    Luzerne
    Luzerne County
    Routes 118 and 415
    Dallas
    Luzerne County
    Opened
    11-13-2008 QNB Bank
    Quakertown
    Bucks County
    1091 Millcreek Road
    Allentown
    Lehigh County
    Approved

    Branch Consolidations

    Date Name of Bank Location Action
    11-18-2008 First Columbia Bank & Trust Co.
    Bloomsburg
    Columbia County
    Into:232 East Street
    Bloomsburg
    Columbia County
    Filed
    From: 11 West Main Street
    Bloomsburg
    Columbia County

    Articles of Amendment

    Date Name of Bank Purpose Action
    11-14-2008 Public Savings Bank
    Huntingdon Valley
    Montgomery County
    Articles of Amendment provide for the Articles of Incorporation to be amended and restated in their entirety.Filed

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    Community Charter Conversions

    Date Name of Credit Union LocationAction
    10-23-2008 Penn Drake Credit Union
    Karns City
    Butler County
    Karns CityFiled
    The credit union proposes to amend its Articles of Incorporation to serve a field of membership limited to the following community: All people who live, work, worship, attend school in, and businesses and other legal entities in Butler County, in the Commonwealth of Pennsylvania.

    Change of Principal Place of Business

    Date Name of Credit Union LocationAction
    11-18-2008 Swindell Dressler Credit Union
    Pittsburgh
    Allegheny County
    To:555 Grant Street
    Suite 375
    Pittsburgh, PA 15219
    Allegheny County
    Effective
    From:441 Smithfield Street
    Pittsburgh, PA 15222
    Allegheny County

       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. 08-2153. Filed for public inspection November 28, 2008, 9:00 a.m.]

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