392 Action on applications  

  • Action on Applications

    [37 Pa.B. 1127]
    [Saturday, March 10, 2007]

       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 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 27, 2007.

    BANKING INSTITUTIONS

    New Charter Applications

    DateName of Bank LocationAction
    2-23-07Great Bear Bank
    Lower Macungie Township
    Lehigh County
    Lower Macungie TownshipFiled
    Correspondent:
    John K. Black
    Banking Specialist
    Bybel Rutledge, LLP
    1017 Mumma Road, Suite 302
    Lemoyne, PA 17043

    Holding Company Acquisitions

    DateName of Corporation LocationAction
    2-8-07EHPW Acquisition Company,
       Harrisburg, n/k/a Centric
       Financial Corporation, to acquire
       100% of the Common Stock of Vartan
       Financial Corporation, and thereby
       indirectly acquire Vartan National
       Bank, Harrisburg, under section 115
       of the Banking Code of 1965
    HarrisburgEffective

    Consolidations, Mergers and Absorptions

    DateName of Bank LocationAction
    2-27-07First Priority Bank, Malvern,
       and First Priority Interim
       Bank, Malvern
       Surviving Institution--
       First Priority Bank, Malvern
    MalvernFiled
    The subject application is being filed in conjunction with First Priority Bank's reorganization into a holding company form of business by forming a Pennsylvania holding company to be known as ''First Priority Financial Corp.,'' Malvern.

    Branch Applications

    DateName of Bank LocationAction
    2-21-07Abington Savings Bank
    Jenkintown
    Montgomery County
    4000 Fox Hound Drive
    Lafayette Hill
    Montgomery County
    (Limited Service Facility)
    Filed
    2-27-07Irwin Bank and Trust
       Company
    Irwin
    Westmoreland County
    Huntingdon
       Marketplace
    Highway 30/I-76
    Irwin
    Westmoreland County
    Approved
    2-27-07CommunityBanks
    Millersburg
    Dauphin County
    Grayson View
    150 Kempton Avenue
    Harrisburg
    Swatara Township
    Dauphin County
    (Limited Service Facility)
    Approved

    Branch Discontinuances

    DateName of Bank LocationAction
    2-27-07S & T Bank
    Indiana
    Indiana County
    Treasure Lake
    Coral Reef Road
       Crooked Island Road
    DuBois
    Clearfield County
    Approved

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    No activity.

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

    VICTORIA A. REIDER,   
    Acting Secretary

    [Pa.B. Doc. No. 07-392. Filed for public inspection March 9, 2007, 9:00 a.m.]


     

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