361 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [35 Pa.B. 1435]

       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 February 15, 2005.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of CorporationLocationAction
    2-11-05ESB Financial Corporation,
    Ellwood City, to acquire 100% of the voting shares of PHSB Financial Corporation, Beaver Falls
    Ellwood CityEffective

    New Charter Applications

    DateName of BankLocationAction
    2-11-05First Priority Bank
    Malvern
    Chester County
    MalvernFiled
    Correspondent:
    Timothy F. Demers, Esq.
    Stevens & Lee
    111 North 6th Street
    P. O. Box 679
    Reading, PA 19603-0679

    Consolidations, Mergers and Absorptions

    DateName of BankLocationAction
    2-11-05ESB Savings Bank, Ellwood City, and Peoples Home Savings Bank,
    Beaver Falls
    Surviving Institution--
    ESB Savings Bank, Ellwood City
    Ellwood CityEffective
    The former main office of Peoples Home Savings Bank will become a branch office of ESB Savings Bank:
    1427 Seventh Avenue
    Beaver Falls
    Beaver County
    All remaining branches of Peoples Home Savings Bank will also be operated as branch offices of ESB Savings Bank with the exception of the following, which will be discontinued as a result of this transaction:
    632 Lawrence Avenue
    Ellwood City
    Lawrence County
    101 Golfview Drive
    Center Township
    Beaver County
    229 Brighton Avenue
    Rochester
    Beaver County

    Branch Applications

    DateName of BankLocationAction
    2-14-05The Fidelity Deposit and
    Discount Bank
    Dunmore
    Lackawanna County
    Corner of Main Avenue and
    Luzerne Street
    Scranton
    Lackawanna County
    Approved

    Branch Relocations/Consolidations

    DateName of BankLocationAction
    2-9-05Susquehanna Bank PA
    Lititz
    Lancaster County
    To:1105 Corporate Boulevard
    Lancaster
    Lancaster County
    Filed
    From:1400 Stony Battery Road
    Lancaster
    Lancaster County
    2-9-05Jersey Shore State Bank
    Jersey Shore
    Lycoming County
    Into:2050 North Atherton Street
    State College
    Centre County
    Filed
    From:1952 Waddle Road
    State College
    Centre County

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    Consolidations, Mergers and Absorptions

    DateName of Credit UnionLocationAction
    2-11-05Corry Jamestown Credit Union, Corry, and Corry Foam Employees Federal Credit Union, Corry
    Surviving Institution--
    Corry Jamestown Credit Union, Corry
    CorryApproved
    2-14-05Steel Seven Credit Union, Harrisburg, and Pennsylvania Central Federal Credit Union, Harrisburg
    Surviving Institution--
    Pennsylvania Central Federal Credit Union, Harrisburg
    HarrisburgApproved

    A. WILLIAM SCHENCK, III,   
    Secretary

    [Pa.B. Doc. No. 05-361. Filed for public inspection February 25, 2005, 9:00 a.m.]

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