331 Action on applications

DEPARTMENT OF BANKING

Action on Applications

[36 Pa.B. 961]

   The Department of Banking (Department), 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 9, 2002 (P. L. 1572, No. 207), known as the Credit Union Code, has taken the following action on applications received for the week ending February 14, 2006.

BANKING INSTITUTIONS

Holding Company Acquisitions

Date	Name of Corporation		Location	Action
1-26-06	National Penn Bancshares, Inc., Boyertown, acquired 100% of the voting shares of Nittany Financial Corp., State College, and thereby acquire indirectly, Nittany Bank, State College		Boyertown	Effective
2-6-06	Orrstown Financial Services, Inc., Shippensburg, to acquire 100% of the voting shares of The First National Bank of Newport, Newport		Shippensburg	Filed
2-10-06	Tower Bancorp, Inc., Greencastle, to acquire 100% of the voting shares of FNB Financial Corporation, McConnellsburg, and thereby acquire indirectly, The First National Bank of McConnellsburg		Greencastle	Filed

Branch Applications

Date	Name of Bank		Location	Action
2-8-06	Woodlands Bank Williamsport Lycoming County		1980 West Fourth Street Williamsport Lycoming County	Approved
2-8-06	Northwest Savings Bank Warren Warren County		1055 Union Road West Seneca Buffalo Erie County, NY	Approved
2-8-06	Farmers and Merchants Trust Company of Chambersburg Chambersburg Franklin County		518 North Antrim Way Greencastle Franklin County	Approved

Branch Discontinuances

Date	Name of Bank		Location	Action
1-31-06	Keystone Nazareth Bank & Trust Bethlehem Northampton County		500 Route 940 Mt. Pocono Monroe County	Effective

SAVINGS INSTITUTIONS

No activity.

CREDIT UNIONS

Conversions

Date	Name of Credit Union		Location	Action
Revision
1-23-06	White Rose Credit Union York York County		York	Filed
	Application represents conversion from occupational-based credit union to a community charter with a proposed field of membership consisting of ''all people who live, work, worship, attend school in, and businesses and other legal entities in York and Adams County, in the Commonwealth of Pennsylvania.''
2-10-06	Franklin-Oil Region Credit Union Franklin Venango County		Franklin	Effective
	Represents conversion from an occupational-based credit union to a community charter; said conversion will be completed by filing Articles of Amendment with the Department of State (see following).

Consolidations, Mergers and Absorptions

Date	Name of Credit Union		Location	Action
2-2-06	Freedom Credit Union, Philadelphia, and The Church of the Redeemer Federal Credit Union, Philadelphia Surviving Institution-- Freedom Credit Union, Philadelphia		Philadelphia	Filed

Articles of Amendment

Date	Name of Credit Union		Purpose	Action
2-10-06	Franklin-Oil Region Credit Union Franklin Venango County		Amendment to Article 8 of the Articles of Incorporation provides for a change in the field of membership of said credit union to include, ''All people who live, work, worship, volunteer, attend school in and business and other legal entities in Venango County, in the Commonwealth of Pennsylvania.''	Effective

   The Department's website at www.banking.state.pa.us includes public notices for more recently filed applications.

A. WILLIAM SCHENCK, III,   
Secretary

[Pa.B. Doc. No. 06-331. Filed for public inspection February 24, 2006, 9:00 a.m.]