191 Actions on applications

DEPARTMENT OF BANKING

Actions on Applications

[42 Pa.B. 676]
[Saturday, February 4, 2012]

 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 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 17, 2012.

 Under section 503.E of the Department of Banking Code (71 P. S. § 733-503.E), any person wishing to comment on the following applications, with the exception of branch applications, may file their comments in writing with the Department of Banking, Corporate Applications Division, 17 North Second Street, Suite 1300, Harrisburg, PA 17101-2290. Comments must be received no later than 30 days from the date notice regarding receipt of the application is published in the Pennsylvania Bulletin. The nonconfidential portions of the applications are on file at the Department and are available for public inspection, by appointment only, during regular business hours. To schedule an appointment, contact the Corporate Applications Division at [phone]. Photocopies of the nonconfidential portions of the applications may be requested consistent with the Department's Right-to-Know Law Records Request policy.

BANKING INSTITUTIONS

Section 112 Acquisitions

Date	Name and Location of Applicant			Action
1-13-2012	David Joseph Bursic Valerie Lee Bursic			Approved
	Application for approval to collectively acquire up to 24.9% of the common stock of WVS Financial Corp, Pittsburgh.

Holding Company Acquisitions

Date	Name and Location of Applicant			Action
1-17-2012	Beneficial Mutual Bancorp, Inc. Philadelphia Philadelphia County			Filed
	Application for approval to acquire 100% of SE Financial Corp., Philadelphia, and thereby indirectly acquire 100% of St. Edmond's Federal Savings Bank, Philadelphia.

Consolidations, Mergers, and Absorptions

Date	Name and Location of Applicant			Action
1-11-2012	Colonial American Bank Horsham Montgomery County			Effective
	Merger of Colonial American Bank of New Jersey, Middletown, New Jersey, with and into Colonial American Bank, Horsham.
1-17-2012	Beneficial Mutual Savings Bank Philadelphia Philadelphia County			Filed
	Application for approval to merge St. Edmond's Federal Savings Bank, Philadelphia, with and into Beneficial Mutual Savings Bank, Philadelphia.

Branch Applications

De Novo Branches

Date	Name and Location of Applicant		Location of Branch	Action
11-21-2011	Customers Bank Phoenixville Chester County		102 South Ridge Street Rye Brook Westchester County, NY	Opened
1-12-2012	Jersey Shore State Bank Jersey Shore Lycoming County		606 Continental Boulevard Danville Montour County	Opened

Branch Discontinuances