2397 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [33 Pa.B. 6230]

       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 December 9, 2003.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of CorporationLocationAction
    12-5-03First Commonwealth Financial
       Corporation, IN, to
       acquire 100% of the voting
       shares of Pittsburgh Financial    Corp., Wexford
    IndianaEffective

    Consolidations, Mergers and Absorptions

    DateName of Bank LocationAction
    12-5-03Fist Commonwealth Bank,
       IN, and Pittsburgh
       Savings Bank, Pittsburgh
       Surviving Institution--
       First Commonwealth Bank,
       IN
    IndianaEffective
    All former branch offices of Pittsburgh Savings Bank will become branch offices of First Commonwealth Bank, including the former main office located at:
    225 Ross Street
    Pittsburgh
    Allegheny County

    Branch Applications

    DateName of Bank LocationAction
    11-12-03Irwin Bank and Trust
       Company
    Irwin
    Westmoreland County
    4 Triangle Drive
    Greensburg
    Westmoreland County
    Opened
    12-4-03First CornerStone Bank
    King of Prussia
    Montgomery County
    368 Schuylkill Road
    Phoenixville
    Chester County
    Approved
    12-4-03Northwest Savings Bank
    Warren
    Warren County
    1055 Baltimore Street
    Hanover
    Penn Township
    York County
    Approved
    12-4-03Northwest Savings Bank
    Warren
    Warren County
    370 West Governor Road
    Hershey
    Derry Township
    Dauphin County
    Approved
    12-8-03Farmers and Merchants
       Trust Company
    Chambersburg
    Franklin County
    800 East High Street
    Carlisle
    Cumberland County
    Filed

    Branch Relocations/Consolidations

    DateName of Bank LocationAction
    12-5-03Citizens Bank of Pennsylvania
    Philadelphia
    Philadelphia County
    Consolidation of
    the following five
    branch offices:
    Filed
    Into:735 Church Lane
    Yeadon
    Delaware County
    Into:1515 Market Street
    Philadelphia
    Philadelphia County
    From:1024 Church Lane*
    Yeadon
    Delaware County
    From:30 South 15th Street*
    Philadelphia
    Philadelphia County
    Into:2nd and Olive Streets
    Media
    Delaware County
    Into:6503 Haverford Avenue*
    Philadelphia
    Philadelphia County
    From:119 West State Street*
    Media
    Delaware County
    From:427 North 63rd Street
    Philadelphia
    Philadelphia County
    Into:8345 Ridge Avenue*
    Philadelphia
    Philadelphia County
    From:7568 Ridge Avenue
    Philadelphia
    Philadelphia County
    Note:  Branches marked with an ''*'' will become branches of Citizens Bank of Pennsylvania as a result of a pending merger with Roxborough-Manayunk Bank.
    12-8-03Allegheny Valley Bank
       of Pittsburgh
    Pittsburgh
    Allegheny County
    To:875 Greentree Road
    Pittsburgh
    Allegheny County
    Filed
    From:1165 McKinney Lane
    Pittsburgh
    Allegheny County
    12-9-03Northwest Savings Bank
    Warren
    Warren County
    To:22 Franklin Village Mall
    East Franklin Township
    Armstrong County
    Approved
    From:12 Franklin Village Mall
    East Franklin Township
    Armstrong County
             and
    165 Butler Road
    West Kittanning
    Armstrong County

    Branch Discontinuances

    DateName of Bank LocationAction
    12-4-03Northwest Savings Bank
    Warren
    Warren County
    24 West Orange Street
    Lancaster
    Lancaster County
    Approved

    Articles of Amendment

    DateName of Bank PurposeAction
    12-4-03West Milton State Bank
    West Milton
    Union County
    The amendment to Article 5 of the Articles of Incorporation provides for the acquisition of limited trust powers.Approved and Effective

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    Conversions

    DateName of Credit Union LocationAction
    11-21-03Philadelphia Telco Credit Union
       d/b/a/ TruMark Financial
       Credit Union
    Trevose
    Bucks County
    PhiladelphiaFiled
    Application represents request to convert credit union to a community charter including Bucks, Chester, Delaware, Montgomery and Philadelphia Counties.

    A. WILLIAM SCHENCK, III,   
    Secretary

    [Pa.B. Doc. No. 03-2397. Filed for public inspection December 19, 2003, 9:00 a.m.]

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