2318 Actions on applications  

  • DEPARTMENT OF BANKING AND SECURITIES

    Actions on Applications

    [43 Pa.B. 7288]
    [Saturday, December 14, 2013]

     The Department of Banking and Securities (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 and Securities 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 December 3, 2013.

     Under section 503.E of the Department of Banking and Securities 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 and Securities, 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

    Incorporations

    Date Name and Location of Applicant Action
    11-29-2013 Bank of Bird-in-Hand
    Bird-in-Hand
    Lancaster County
    Effective

    Conversions

    Date Name and Location of Applicant Action
    11-25-2013 From: ESSA Bank and Trust
    Stroudsburg
    Monroe County
    Filed
      To: ESSA Bank and Trust
    Stroudsburg
    Monroe County
    Application for approval to convert from a Pennsylvania State-chartered savings and loan association to a Pennsylvania State-chartered savings bank.

    Holding Company Acquisitions

    Date Name and Location of Applicant Action
    12-1-2013 Peoples Financial Services Corp
    Hallstead
    Susquehanna County
    Effective
    Application for approval to acquire 100% of Penseco Financial Services Corporation, Scranton, and thereby indirectly acquire 100% of Penn Security Bank and Trust Company, Scranton.

    Consolidations, Mergers and Absorptions

    Date Name and Location of Applicant Action
    12-1-2013 Peoples Neighborhood Bank
    Hallstead
    Susquehanna County
    Effective
    Merger of Penn Security Bank and Trust Company, Scranton, with and into Peoples Neighborhood Bank, Hallstead, with a change in corporate title to ''Peoples Security Bank and Trust Company'' which became a bank and trust company and relocated its principal place of business to Scranton, PA.
    All branch offices of Penn Security Bank and Trust Company will become branch offices of Peoples Security Bank and Trust Company.

    Branch Applications

    De Novo Branches

    Date Name and Location of Applicant Location of Branch Action
    11-18-2013 Somerset Trust Company
    Somerset
    Somerset County
    300 Laurel Drive
    Connellsville
    Fayette County
    Opened

    Branch Relocations

    Date Name and Location of Applicant Location of Branch Action
    12-3-2013 Royal Bank America
    Narberth
    Montgomery County
    To: 124 Main Street
    Phoenixville
    Chester County
    Filed
    From: 808 Valley Forge Road
    Phoenixville
    Chester County

    Articles of Amendment

    Date Name and Location of Institution Action
    11-25-2013 Beneficial Mutual Savings Bank
    Philadelphia
    Philadelphia County
    Filed
    Amendment to Article I of the institution's Articles of Incorporation to be amended and restated in their entirety, provides for a change in their principal place of business from 510 Walnut Street, Philadelphia, Philadelphia County to 1818 Market Street, Philadelphia, Philadelphia County.

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    Consolidations, Mergers and Absorptions

    Date Name and Location of Applicant Action
    11-27-2013 PPL Gold Credit Union
    Allentown
    Lehigh County
    Filed
    Application for approval to merge Keystone First Federal Credit Union, Hazleton, with and into PPL Gold Credit Union, Allentown.

     The Department's web site at www.dobs.state.pa.us includes public notices for more recently filed applications.

    GLENN E. MOYER, 
    Secretary

    [Pa.B. Doc. No. 13-2318. Filed for public inspection December 13, 2013, 9:00 a.m.]

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