300 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [28 Pa.B. 1010]

       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 February 10, 1998.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of Corporation LocationAction
    1-31-98First Union Corporation,
       Charlotte, North Carolina,
       To indirectly acquire control
       of Mentor Trust Company,
       Philadelphia, Pennsylvania
     Charlotte, N.C.Effective
    2-9-98BCB Financial Services Corporation,
       Reading, and Heritage Bancorp,
       Inc., Pottsville, to be acquired by
       ''New Holding Company,'' Reading
       (Name to be Determined)
     ReadingFiled

    Consolidations, Mergers and Absorptions

    DateName of Bank LocationAction
    2-4-98Northwest Savings Bank, Warren,
       and Corry Savings Bank, Corry
       Surviving Institution--
       Northwest Savings Bank, Warren
     WarrenApproved
    2-9-98Financial Trust Company
    Chambersburg
    Franklin County
     ChambersburgApproved
    Purchase of assets/assumption of liabilities of seven Branch Offices of Pennsylvania National Bank and Trust Company, Pottsville, located at:
    5137 Jonestown Road
    Harrisburg
    Dauphin County
     1661 E. Chocolate Avenue
    Hershey
    Dauphin County
    1002 N. Seventh Street
    Harrisburg
    Dauphin County
     N. Front and Market Sts.
    Harrisburg
    Dauphin County
    5074 Jonestown Road
    Harrisburg
    Dauphin County
     2151 Linglestown Road
    Harrisburg
    Dauphin County
     4231 Trindle Road
    Camp Hill
    Cumberland County

    Branch Relocations

    DateName of Bank LocationAction
    2-4-98C & G Savings Bank
    Altoona
    Blair County
    To:Shoemaker Street
    Nanty Glo
    Cambria County
    Filed
    From:920 Chestnut Street
    Nanty Glo
    Cambria County
    2-6-98Mid-State Bank and
       Trust Company
    Altoona
    Blair County
    To:301 West Plank Road
    Altoona
    Blair County
    Approved
    From:908 Logan Boulevard
    Altoona
    Blair County
    2-9-98Abington Savings Bank
    Jenkintown
    Montgomery County
    To:1536 Easton Road
    Horsham
    Montgomery County
    Filed
    From:1432 Easton Road
    Warrington
    Bucks County
    (Approved/Unopened)

    Branch Discontinuances

    DateName of Bank LocationAction
    1-31-98S & T Bank
    Indiana
    Indiana County
     Second Avenue and
       Hicks Street
    Leechburg
    Armstrong County
    Effective

    SAVINGS ASSOCIATIONS

       No activity.

    CREDIT UNIONS

       No activity.

       RICHARD C. RISHEL,   

       Secretary

    [Pa.B. Doc. No. 98-300. Filed for public inspection February 20, 1998, 9:00 a.m.]

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