257 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [28 Pa.B. 817]

       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 theDepartment 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 February 3, 1998.

    BANKING INSTITUTIONS

    New Charter Applications

    DateName of BankLocationAction
    1-28-98Enterprise Bank (In Organization)
    Allison Park
    Allegheny County
    4091 Mt. Royal Blvd.
    Allison Park
    Hampton Twp.
    Allegheny County
    Approved
    Incorporated
    1-29-98

    Holding Company Acquisitions

    DateName of CorporationLocationAction
    1-29-98First Union Corporation, Charlotte,
       North Carolina, To indirectly acquire control of Mentor Trust Company, Philadelphia, Pennsylvania
    Charlotte, NCApproved

    Conversions

    DateName of CorporationLocationAction
    2-2-98PSB Mutual Holding Company
    Philadelphia
    Philadelphia County
          To:
    PSB Bancorp, Inc.
    Philadelphia
    Philadelphia County
    PhiladelphiaApproved
    Represents conversion from a mutual holding company to a stock holding company which will wholly own Pennsylvania Savings Bank, a State-chartered stock savings bank.

    Branch Applications

    DateName of BankLocationAction
    1-30-98FirstService Bank
    Lansdale
    Montgomery County
    Neshaminy Valley Commons
       Condominium
    Bristol Road
    Bensalem
    Bucks County
    Filed
    2-3-98Summit Bank
    Bethlehem
    Northampton County
    Genuardi's Family Market
    Jeffersonville Shopping Center
    1930 West Main St.
    Norristown
    Montgomery County
    Approved
    2-3-98The Fidelity Deposit & Discount Bank
    Dunmore
    Lackawanna County
    Clarks Summit State Hospital
    1451 Hillside Drive
    Clarks Summit
    Lackawanna County
    (Limited Service Facility)
    Approved

    Branch Relocations

    DateName of BankLocationAction
    2-3-98Fulton Bank
    Lancaster
    Lancaster County
    To:Village at Gap Shopping Center
    Route 30
    Gap
    Salisbury Township
    Lancaster County
    Approved
    From:841 Route 41
    Gap
    Salisbury Township
    Lancaster County

    SAVINGS ASSOCIATIONS

    No activity.

    CREDIT UNIONS

    Consolidations, Mergers and Absorptions

    DateName of Credit UnionLocationAction
    1-27-98Community of Healthcare Employees
       Credit Union, Chambersburg, and Gettysburg Area Federal Credit Union, Gettysburg
    Surviving Institution--Community of Healthcare Employees Credit Union, Chambersburg
    ChambersburgFiled

    RICHARD C. RISHEL,   
    Secretary

    [Pa.B. Doc. No. 98-257. Filed for public inspection February 13, 1998, 9:00 a.m.]

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