2190 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [26 Pa.B. 6193]

       The Department of Banking of the Commonwealth of Pennsylvania, 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 17, 1996.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of Corporation LocationAction
    12-12-96Prime Newco, Inc. (to be renamed Prime Bancorp., Inc.), Philadelphia, to merge with First Sterling Bancorp, Inc., Devon, and so indirectly acquire First Sterling Bank, DevonPhiladelphiaApproved

    New Charter Applications

    DateName of Bank LocationAction
    12-13-96Northwest Interim Savings Bank
    Warren
    Warren County
    WarrenApproved
    Subject institution will be utilized to merge Bridgeville Savings Bank, FSB, Bridgeville, with and into Northwest Savings Bank, Warren.

    Consolidations, Mergers and Absorptions

    DateName of Bank LocationAction
    12-9-96Parkvale Savings Bank
    Monroeville
    Allegheny County
    MonroevilleEffective
    Purchase of assets/assumption
    of liabilities of one branch
    office of First Home Savings
    Bank, FSB, Pittsburgh, located at:
    Crafton-Ingram Shopping Center
    Pittsburgh
    Allegheny County
    Assumption of deposits only; said deposits will be transferred to the applicant's existing branch located at the Crafton-Ingram Shopping Center.
    12-9-96Northside Bank
    Pittsburgh
    Allegheny County
    PittsburghEffective
    Purchase of assets/assumption of
    liabilities of one branch office
    of First Home Savings Bank, FSB,
    Pittsburgh, located at:
    701 Liberty Avenue
    Pittsburgh
    Allegheny County
    12-9-96Pittsburgh Home Savings Bank
    Pittsburgh
    Allegheny County
    PittsburghEffective
    Purchase of assets/assumption of
    liabilities of one branch office
    of First Home Savings Bank, FSB,
    Pittsburgh, located at:
    2905 West Liberty Avenue
    Pittsburgh
    Allegheny County
    12-13-96Northwest Savings Bank,
    Warren, and Bridgeville
    Savings Bank, F.S.B.,
    Bridgeville
    surviving institution--
    Northwest Savings Bank,
    Warren
     WarrenApproved

    Branch Applications

    DateName of Bank LocationAction
    11-13-96Dauphin Deposit Bank and
       Trust Company
    Harrisburg
    Dauphin County
    WalMart
    1355 E. Lehman St.
    Lebanon
    Lebanon County
    Opened
    11-19-96Dauphin Deposit Bank and
       Trust Company
    Harrisburg
    Dauphin County
    Cressler's Grocery
       Store
    1075 W. King St.
    Shippensburg
    Franklin County
    Opened
    12-2-96Mifflin County Savings Bank
    Lewistown
    Mifflin County
    Corner of Specht
       and Brown Sts.
    McClure
    Snyder County
    Opened
    12-2-96Summit Bank
    Bethlehem
    Northampton County
    Centerville Square
    580 Centerville Rd.
    East Hempfield Twp.
    Lancaster County
    Opened
    12-10-96Peoples Bank of Glen Rock
    Glen Rock
    York County
    2701 Eastern Blvd.
    York
    Springettsbury Twp.
    York County
    Filed
    12-13-96Dauphin Deposit Bank
       and Trust Company
    Harrisburg
    Dauphin County
    Rossmoyne Business
       Center
    Ritter Road
    Mechanicsburg
    Cumberland County
    Filed

    SAVINGS ASSOCIATIONS

    Consolidations, Mergers and Absorptions

    DateName of Bank LocationAction
    12-10-96Keystone Savings and Loan Association, Philadelphia; Hometown Building and Loan Association, Philadelphia; and Wayne Junction Savings Association, Ambler
    surviving institution--Keystone Savings and Loan Association, Philadelphia
    PhiladelphiaWithdrawn

    Voluntary Dissolutions

    DateName of AssociationAction
    12-12-96William F. Campbell Building
       and Loan Association
    Philadelphia
    Philadelphia County
    Certificate of Election for
    Voluntary Dissolution filed.
    Effective as of the opening of
    business December 13, 1996.

    CREDIT UNIONS

    Conversions

    DateName of Credit Union LocationAction
    12-12-96Diamond Federal Credit Union
    Pottstown
    Montgomery County
     100 Medical Drive
    Pottstown
    Montgomery County
    Filed
       To:
    Diamond Credit Union
    Pottstown
    Montgomery County
    Represents conversion from a Federally-chartered credit union to a State-chartered credit union.

    RICHARD C. RISHEL,   
    Secretary

    [Pa.B. Doc. No. 96-2190. Filed for public inspection December 27, 1996, 9:00 a.m.]

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