167 Action on applications

Action on Applications

[33 Pa.B. 636]

   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 January 21, 2003.

BANKING INSTITUTIONS

Holding Company Acquisitions

Date	Name of Corporation		Location	Action
1-17-03	Citizens Financial Group, Inc.,    Providence, RI, to acquire 100% of    the voting shares of Commonwealth    Bancorp, Inc., Norristown, PA		Providence, RI	Effective

New Charter Applications

Date	Name of Bank		Location	Action
1-17-03	Clearfield Interim Bank & Trust    Company Clearfield Clearfield County		Clearfield	Approved
1-17-03	East Penn Interim Bank Emmaus Lehigh County		Emmaus	Filed

Conversions

Date	Name of Institution		Location	Action
1-10-03	Ambler Savings and Loan Association Ambler Montgomery County		Ambler	Filed
	To:
	Ambler Savings Bank Ambler Montgomery County
	Represents conversion from a State-chartered mutual savings association to a State-chartered mutual savings bank.

Consolidations, Mergers and Absorptions

Date	Name of Bank		Location	Action
1-17-03	Citizens Bank of Pennsylvania,    Philadelphia, and Commonwealth    Bank, Norristown    Surviving Institution--Citizens    Bank of Pennsylvania, Philadelphia		Philadelphia	Effective
	All branch offices, including the former main office, of Commonwealth Bank will become branch offices of Citizens Bank of Pennsylvania.
	Former Main Office:
	2 West Lafayette Street Norristown Montgomery County

Branch Applications

Date	Name of Bank		Location	Action
6-22-02	Royal Bank of Pennsylvania Narberth Montgomery County		1650 Grant Avenue Philadelphia Philadelphia County	Opened
1-6-03	Northwest Savings Bank Warren Warren County		355 Biddle Street Kane McKean County (Drive-Up Facility)	Opened
1-9-03	Northwest Savings Bank Warren Warren County		3140 Cape Horn Road Red Lion York County	Opened
1-13-03	Citizens Bank of Pennsylvania Philadelphia Philadelphia County		37-41 Brown Street Middletown Dauphin County (Drive-Up Facility)	Opened

Branch Relocations

Date	Name of Bank		Location	Action
1-6-03	Citizens Bank of Pennsylvania Philadelphia Philadelphia County	To:	4110 Brownsville Rd. Pittsburgh Allegheny County	Effective
		From:	4148 Brownsville Rd. Pittsburgh Allegheny County
1-6-03	Community Bank and Trust Company Clarks Summit Lackawanna County	To:	60 Main Street Clifford Susquehanna County	Effective
		From:	Route 106 Clifford Susquehanna County

Branch Discontinuances

Date	Name of Bank		Location	Action
1-15-03	Bank of Hanover and Trust Company Hanover York County		951 York Street Hanover York County	Filed

SAVINGS INSTITUTIONS

No activity.

CREDIT UNIONS

Consolidations, Mergers and Absorptions

Date	Name of Credit Union		Location	Action
Note: Addendum to Weekly Summary No. 1, for week ending January 7, 2003:
	Subsequent to the merger of GTE Erie Federal Credit union (GTE) with and into Erie Insurance Exchange Credit Union (Survivor), the Survivor changed its corporate title to ''Erie Community Credit Union.'' In addition, the former main office of GTE became a branch office of Survivor as follows:
	916 French Street Erie Erie County

Articles of Amendment

Date	Name of Credit Union		Purpose	Action
1-17-03	Knoll Employees Credit Union East Greenville Montgomery County		Amendment to Article 8 provides for a change in the field of membership.	Approved and Effective

PAUL H. WENTZEL, Jr.   
Acting Secretary

[Pa.B. Doc. No. 03-167. Filed for public inspection January 31, 2003, 9:00 a.m.]