DEPARTMENT OF BANKING Action on Applications [28 Pa.B. 663] 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 January 27, 1998.
BANKING INSTITUTIONS Holding Company Acquisitions Date Name of Corporation Location Action 1-23-98 First Union Corporation, Charlotte,
North Carolina, to acquire 100% of
the voting shares of CoreStates
Financial Corp., Philadelphia, PACharlotte, NC Filed Conversions Date Name of Institution Location Action 1-22-98 Northwood Savings Association
Philadelphia
Philadelphia County1500 E. Susquehanna Ave.
Philadelphia
Philadelphia CountyFiled To:
Northwood Savings Bank
Philadelphia
Philadelphia CountyApplication represents conversion from a State-chartered mutual savings association to a State-chartered mutual savings bank. Consolidations, Mergers and Absorptions Date Name of Bank Location Action 1-23-98 PSB Interim Bank, East Berlin, and
The Peoples State Bank, East Berlin
Surviving Institution--PSB Interim
Bank, East Berlin, with a change in
corporate title to ''The Peoples State
Bank''East Berlin Filed The proposed merger will be effected solely to facilitate the acquisition of The Peoples State Bank, East Berlin, by Community Banks, Inc., Millersburg, a bank holding company. Branch Applications Date Name of Bank Location Action 1-20-98 Franklin First Savings Bank
Wilkes-Barre
Luzerne County115 J. Campbell Collins Drive
Wilkes-Barre
Luzerne CountyOpened Branch Discontinuances Date Name of Bank Location Action 1-16-98 Franklin First Savings Bank
Wilkes-Barre
Luzerne CountyCity Heights Shopping Center
161 Amber Lane
Wilkes-Barre
Luzerne CountyEffective SAVINGS ASSOCIATIONS Branch Applications Date Name of Association Location Action 1-22-98 First Financial Savings Bank, PaSA
Downingtown
Chester County414 Lancaster Ave.
Devon
Chester CountyFiled CREDIT UNIONS No activity. RICHARD C. RISHEL,
Secretary[Pa.B. Doc. No. 98-213. Filed for public inspection February 6, 1998, 9:00 a.m.]
