427 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [30 Pa.B. 1381]

       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 February 29, 2000.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of Corporation LocationAction
    2-17-00NBT Bancorp, Inc., Norwich,
       New York, to acquire 100% of
       the voting shares of Lake
       Ariel Bancorp, Inc.,
       Lake Ariel, PA, and thereby
       indirectly acquire LA Bank,
       National Association,
       Lake Ariel, PA
    Norwich, NYEffective
    2-29-00NBT Bancorp, Inc., Norwich,
       New York, to acquire 100% of
       the voting shares of Pioneer
       American Holding Company Corp.,
       Carbondale, PA
    Norwich, NYFiled

    Consolidations, Mergers and Absorptions

    DateName of Bank LocationAction
    2-24-00Harleysville Savings Bank,
       Harleysville, and Harleysville
       Interim Savings Bank,
       Harleysville
       Surviving Institution--
       Harleysville Savings Bank,
       Harleysville
    HarleysvilleEffective
    Merger is being effected to facilitate the acquisition of Harleysville Savings Bank by Harleysville Savings Financial Corporation, Harleysville, a new bank holding company.

    Branch Applications

    DateName of Bank LocationAction
    2-18-00Keystone Savings Bank
    Bethlehem
    Northampton County
    3100 Tilghman St.
    South Whitehall Twp.
    Lehigh County
    Opened
    2-28-00Greenville Savings Bank
    Greenville
    Mercer County
    550 N. Hermitage Rd.
    Hermitage
    Mercer County
    Filed
    2-29-00Summit Bank
    Bethlehem
    Northampton County
    Pathmark Supermarket
    5005 Edgemont Ave.
    Brookhaven
    Delaware County
    Approved
    2-29-00Summit Bank
    Bethlehem
    Northampton County
    Pathmark Supermarket
    4160 Monument Road
    Philadelphia
    Philadelphia County
    Approved
    2-29-00Summit Bank
    Bethlehem
    Northampton County
    Pathmark Supermarket
    840 Cottman Avenue
    Philadelphia
    Philadelphia County
    Approved
    2-29-00Summit Bank
    Bethlehem
    Northampton County
    Pathmark Supermarket
    8700 Frankford Ave.
    Philadelphia
    Philadelphia County
    Approved
    2-29-00Mercer County
       State Bank
    Sandy Lake
    Mercer County
    Meadville Mall
    16881 Conneaut Lake Rd.
    Meadville
    Crawford County
    Approved

    Branch Relocations/Consolidations

    DateName of Bank LocationAction
    2-23-00Somerset Trust Company
    Somerset
    Somerset County
    To:1416 Scalp Avenue
    Richland Township
    Cambria County
    Approved
    From:3220 Elton Road
    Richland Township
    Cambria County
    2-23-00Parkvale Savings Bank
    Monroeville
    Allegheny County
    To:2719 Brodhead Road
    Aliquippa
    Beaver County
    Effective
    From:913 23rd Street
    Aliquippa
    Beaver County
    2-29-00Summit Bank
    Bethlehem
    Northampton County
    To:737 Bethlehem Pike
    Montgomery Township
    Montgomery County
    Approved
    From:521 Stump Road
    Montgomery Township
    Montgomery County
    2-29-00Summit Bank
    Bethlehem
    Northampton County
    Into:723 Street Road
    Southampton
    Bucks County
    Approved
    From:735 Davisville Road
    Southampton
    Bucks County

    Branch Discontinuances

    DateName of Bank LocationAction
    2-28-00Lafayette Ambassador Bank
    Easton
    Northampton County
    1605 W. Broad St.
    Bethlehem
    Lehigh County
    Filed

    SAVINGS INSTITUTIONS

    Consolidations, Mergers and Absorptions

    DateName of Association LocationAction
    2-29-00East Stroudsburg Savings
       Association
    Stroudsburg
    Monroe County
    StroudsburgApproved
    Purchase of assets/assumption of
    liabilities of one branch
    office of Pioneer American
    Bank, N.A., Carbondale, located at:
    Mr. Z's Supermarket
    Route 611
    Stroudsburg
    Monroe County

    CREDIT UNIONS

    No activity.

    DAVID E. ZUERN,   
    Secretary

    [Pa.B. Doc. No. 00-427. Filed for public inspection March 10, 2000, 9:00 a.m.]

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