557 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [35 Pa.B. 1893]

       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 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 15, 2005.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of Corporation LocationAction
    3-9-05Willow Grove Bancorp, Inc.,
    Maple Glen, to acquire 100%
    of the shares of Chester Valley
    Bancorp, Inc., Downingtown
    Maple GlenFiled
    As a result of this transaction, First Financial Bank, Downingtown, a Pennsylvania-chartered commercial bank and the wholly owned subsidiary of Chester Valley Bancorp, Inc., will merge with and into Willow Grove Bank, a Federally chartered savings bank and subsidiary of Willow Grove Bancorp, Inc.
    3-10-05Community Banks, Inc.,
    Harrisburg, to acquire 100% of the voting shares of Pennrock Financial Services Corp., Blue Ball
    HarrisburgApproved

    Consolidations, Mergers and Absorptions

    DateName of Bank LocationAction
    3-10-05Community Banks, Millersburg,
    and Blue Ball National Bank,
    Blue Ball
    Surviving Institution--
    Community Banks, Millersburg
    MillersburgApproved

    Branch Applications

    DateName of Bank LocationAction
    3-9-05The Bryn Mawr Trust Company
    Bryn Mawr
    Montgomery County
    237 North Pottstown Pike
    Exton
    West Whiteland Township
    Chester County
    Opened
    3-9-05Affinity Bank of Pennsylvania
    Wyomissing
    Berks County
    29 North Sixth Street
    Reading
    Berks County
    Filed
    3-14-05Abington Savings Bank
    Jenkintown
    Montgomery County
    1111 Easton Road
    Warrington
    Bucks County
    Filed

    Branch Relocations/Consolidations

    DateName of Bank LocationAction
    3-7-05Citizens Bank of
    Pennsylvania
    Philadelphia
    Philadelphia County
    To:1188 Mae Street
    Hershey
    Dauphin County
    Effective
    From:1201 Governor Road
    Hershey
    Dauphin County
    3-11-05Citizens Bank of Pennsylvania
    Philadelphia
    Philadelphia County
     
    Consolidation of the
    following six branch offices:
    Effective
    Into:6060 Ridge Avenue
    Philadelphia
    Philadelphia County
    From:4370 Main Street
    Philadelphia
    Philadelphia County
    Into:1201 Spring Garden Street
    Philadelphia
    Philadelphia County
    From:201 Spring Garden Street
    Philadelphia
    Philadelphia County
    Into:2039 East Lincoln Highway
    Langhorne
    Bucks County
    From:U. S. Route 1 and Durham Road
    Penndel
    Bucks County
    Into:1502 West Chester Pike
    West Chester
    Chester County
    From:1522 West McDaniel Drive
    West Chester
    Chester County
    Into:402 South Main Street
    Greensburg
    Westmoreland County
    From:1 North Main Street
    Greensburg
    Westmoreland County
    Into:2841 Ligonier Street
    Latrobe
    Westmoreland County
    From:Ligonier and Main Streets
    Latrobe
    Westmoreland County

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    Conversions to Community Charters

    DateName of Credit Union LocationAction
    3-11-05Callery Credit Union
    Mars
    Butler County
    MarsApproved
    Conversion from occupational based to community charter will result in an amendment to the credit union's Articles of Incorporation, Article 8, to read: ''The members of the Callery Credit Union shall consist of individuals who live, work, worship, and/or attend school within the described areas listed below: the six townships of Cranberry, Adams, Forward, Jackson, Middlesex, and Penn Townships in the southwest corner of Butler County and the boroughs located within these townships, including: Evans City, Marks, Zelienople, Harmony, Callery, Seven Fields, Valencia, and Connequenessing. Furthermore, membership shall include members of their households, members of their immediate family, and immediate family of any credit union member.''

    Branch Applications

    DateName of Credit Union LocationAction
    3-10-05New Life Community Development
    Credit Union
    Philadelphia
    Philadelphia County
    3955 Conshohocken
    Avenue
    Philadelphia
    Philadelphia County
    Approved

    Articles of Amendment

    DateName of Credit Union PurposeAction
    3-11-05CONSOL Employees Credit
    Union
    Pittsburgh
    Allegheny County
    Amendment to Article 6 adds
    Item ''F,'' which adds ''Other
    occupational or associational
    groups as permitted by law and
    with the prior written approval
    of the Department of Banking,''
    to the credit union's field of
    membership.
    Effective

    A. WILLIAM SCHENCK, III,   
    Secretary

    [Pa.B. Doc. No. 05-557. Filed for public inspection March 25, 2005, 9:00 a.m.]

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