445 Actions on applications  

  • DEPARTMENT OF BANKING

    Actions on Applications

    [40 Pa.B. 1413]
    [Saturday, March 13, 2010]

     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 March 2, 2010.

     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 (717) 783-2253. Photocopies of the nonconfidential portions of the applications may be requested consistent with the Department Right-to-Know Law Records Request policy.

    BANKING INSTITUTIONS

    Section 112 Acquisitions

    Date Name and Location of Applicant Action
    2-24-2010 Allen E. Ertel Approved
    Application for approval to acquire up to 18.0% of the common stock of Woodlands Financial Services Company, Williamsport.
    2-24-2010 Joanne K. and
    J. Donald Steele, Jr.
    Approved
    Application for approval to acquire up to 35.0% of the common stock of Northumberland Bancorp, Northumberland.

    Branch Applications

    De Novo Branches

    Date Name and Location of Applicant Location of Branch Action
    2-22-2010 Jonestown Bank and Trust Company
    of Jonestown, PA
    Jonestown
    Lebanon County
    101 Northside Commons
    Palmyra
    Lebanon County
    Opened

    Branch Relocations

    Date Name and Location of Applicant Location of Branch Action
    2-24-2010 QNB Bank
    Quakertown
    Bucks County
    To: 950 Millcreek Road
    Wescosville
    Lehigh County
    Approved
    From: 1042 Millcreek Road
    Wescosville
    Lehigh County

    Branch Consolidations

    Date Name and Location of Applicant Location of Branch Action
    2-24-2010 Parkvale Savings Bank
    Monroeville
    Allegheny County
    Into: 307 Fourth Avenue
    Pittsburgh
    Allegheny County
    Approved
    From: 200 Fifth Avenue
    Pittsburgh
    Allegheny County

    Branch Discontinuances

    Date Name and Location of Applicant Location of Branch Action
    2-26-2010 Graystone Tower Bank
    Lancaster
    Lancaster County
    130 Mullen Street
    Fort Loudon
    Franklin County
    Closed
    2-26-2010 Graystone Tower Bank
    Lancaster
    Lancaster County
    1574 Buchanan Trail East
    Greencastle
    Franklin County
    Closed

    Articles of Amendment

    Date Name and Location of Institution Action
    2-26-2010 First Commonwealth Bank
    Indiana
    Indiana County
    Approved
    and
    Effective
    Amendment to Article 5 of the institution's Articles of Incorporation authorizes the issuance of common stock and preferred stock.

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    No activity.

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

    STEVEN KAPLAN, 
    Secretary

    [Pa.B. Doc. No. 10-445. Filed for public inspection March 12, 2010, 9:00 a.m.]

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