523 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [34 Pa.B. 1686]

       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 16, 2004.

    BANKING INSTITUTIONS

    Holding Company Acquisition

    DateName of CorporationLocationAction
    3-10-04Harleysville National Corporation,
       Harleysville, to acquire 100% of
       Millennium Bank, Malvern, by    means of a merger of Millennium    Bank with and into The Harleysville    National Bank and Trust Company,    wholly owned subsidiary of    Harleysville National Corporation
    HarleysvilleFiled

    Charter Applications

    DateName of BankLocationAction
    3-16-04Meridian Bank
    Berwyn
    Chester County
    BerwynApproved

    Consolidations, Mergers and Absorptions

    DateName of BankLocationAction
    3-16-04Northwest Savings Bank, Warren, PA,
       and Leeds Federal Savings Bank,
       Baltimore, MD
       Surviving Institution--
       Northwest Savings Bank,
       Warren, PA
    WarrenFiled

    Branch Applications

    DateName of BankLocationAction
    5-12-03Premier Bank
    Doylestown
    Bucks County
    801 Old York Road
    Jenkintown
    Abington Township
    Montgomery County
    Opened
    3-11-04Northwest Savings Bank
    Warren
    Warren County
    370 West Governor Road
    Hershey
    Derry Township
    Dauphin County
    Opened

    Branch Relocations

    DateName of BankLocationAction
    3-15-04Beneficial Mutual Savings Bank
    Philadelphia
    Philadelphia County
    To:Southwest corner of Township Line Road and Peach Lane
    Drexel Hill
    Delaware County
    Filed
    From:1230 Township Line Road
    Drexel Hill
    Delaware County

    Branch Discontinuances

    DateName of BankLocationAction
    9-30-03Farmers First Bank
    Lititz
    Lancaster County
    1419 Lancaster Road
    Manheim
    Lancaster County
    Effective

    Articles of Amendment

    DateName of BankPurposeAction
    3-10-04Smithfield State Bank
    Smithfield
    Fayette County
    Amendment to Article 5 reflects an increase in the number of authorized shares from 3,600 to 2 million shares and a reduction in the par value from $50 per share to 25¢ per share to allow for a 200 for 1 stock split of the bank's common shares.Approved and Effective

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    No activity.

    A. WILLIAM SCHENCK, III,   
    Secretary

    [Pa.B. Doc. No. 04-523. Filed for public inspection March 26, 2004, 9:00 a.m.]

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