2175 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [32 Pa.B. 5964]

       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 November 26, 2002.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of CorporationLocationAction
    11-18-02Fidelity Bancorp, Inc.,
       Pittsburgh, to acquire 100% of
       First Pennsylvania Savings
       Association, Pittsburgh
    PittsburghApproved
    11-21-02Franklin Financial Services
       Corporation, Chambersburg,
       to acquire up to 23.5% of the
       voting shares of American
       Home Bank, National Association,
       Lancaster
    ChambersburgApproved

    Consolidations, Mergers and Absorptions

    DateName of BankLocationAction
    11-18-02Fidelity Savings Bank,
       Pittsburgh, and First
       Pennsylvania Savings
       Association, Pittsburgh
       Surviving Institution--
       Fidelity Savings Bank, Pittsburgh
    PittsburghApproved

    Branch Applications

    DateName of BankLocationAction
    11-18-02Community Banks
    Millersburg
    Dauphin County
    4501 Hanover Pike
    Manchester
    Carroll County, MD
    Opened
    11-18-02The Peoples Bank of
       Oxford
    Oxford
    Chester County
    1138 Georgetown Road
    Georgetown
    Bart Township
    Lancaster County
    Opened

    SAVINGS INSTITUTIONS

    Conversions

    DateName of AssociationLocationAction
    11-18-02First Pennsylvania Savings
       Association
    Pittsburgh
    Allegheny County
    PittsburghApproved
    Represents conversion from a State-chartered mutual savings association to a State-chartered permanent reserve fund stock savings association.

    CREDIT UNIONS

    Consolidations, Mergers and Absorptions

    DateName of Credit UnionLocationAction
    11-19-02Atlantic Credit Union,
       Newtown Square, PA, and
       UFCW Local 56 Federal Credit
       Union, Pennsauken, NJ
       Surving Institution--
       Atlantic Credit Union,
       Newtown Square, PA
    Newtown SquareApproved

    PAUL H. WENTZEL, Jr.,   
    Acting Secretary

    [Pa.B. Doc. No. 02-2175. Filed for public inspection December 6, 2002, 9:00 a.m.]

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