440 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [37 Pa.B. 1231]
    [Saturday, March 17, 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 March 6, 2007.

    BANKING INSTITUTIONS

    Interim Charter Application

    DateName of BankLocationAction
    2-28-07Sussex Interim Bank
    Westfall Township
    Pike County
    Westfall Township, PAEffective
    Interim bank is being chartered solely to facilitate the ability of Sussex Bank, Franklin, NJ, a New Jersey State-chartered bank, to establish a branch office in PA.

    Holding Company Acquisitions

    DateName of CorporationLocationAction
    3-1-07Northwest Bancorp, Inc., Warren, to acquire 100% of the voting shares of Penn Laurel Financial Corporation, CurwensvilleWarrenFiled

    Consolidations, Mergers and Absorptions

    DateName of BankLocationAction
    3-1-07Northwest Savings Bank, Warren, and CSB Bank, Curwensville
    Surviving Institution--
    Northwest Savings Bank, Warren
    WarrenFiled

    Branch Applications

    DateName of BankLocationAction
    2-20-07Citizens Bank of Pennsylvania
    Philadelphia County
    Philadelphia
    400 Adams Shoppes
    Mars
    Butler County
    Opened
    3-5-07Gateway Bank of Pennsylvania
    McMurray
    Washington Street
    Commonwealth Drive at
    Freedom Road
    Cranberry Township
    Butler County
    Filed

    Branch Relocations/Consolidations

    DateName of BankLocationAction
    2-26-07Mid Penn Bank
    Millersburg
    Dauphin County
    To:4642 State Route 209
    Elizabethville
    Dauphin County
    Effective
    From:2 East Main Street
          and
    11-13 East Main Street
    (Drive-Up)
    Elizabethville
    Dauphin County
    3-5-07AmeriServ Finanacial Bank
    Johnstown
    Cambria County
    Into:179 Lovell Avenue
    Ebensburg
    Cambria County
    Filed
    From:104 South Center Street
    Ebensburg
    Cambria County

    Articles of Amendment

    DateName of BankPurposeAction
    2-28-07Pennsylvania Business Bank
    Philadelphia
    Philadelphia County
    Provides for the amendment and revision of Article
    Fifth in its entirety to provide for an increase in the
    number of shares of common stock and also provide
    for the issuance of preferred stock.
    Approved and Effective

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    Community Charter Conversions

    DateName of Credit UnionLocationAction
    3-2-07Lancaster Red Rose Credit Union
    Lancaster
    Lancaster County
    LancasterFiled
    Represents the credit union's notice to amend its Articles of Incorporation in order to serve a field of membership limited to people, businesses, organizations, associations and other legal entities who live, work, worship or attend school in Lancaster County, PA.

    VICTORIA A. REIDER,   
    Acting Secretary

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

    [Pa.B. Doc. No. 07-440. Filed for public inspection March 16, 2007, 9:00 a.m.]

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