481 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [27 Pa.B. 1580]

       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 March 18, 1997.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of CorporationLocationAction
    3-17-97First Maryland Bancorp, Baltimore,
       MD, to acquire 100% of the voting shares of Dauphin Deposit Corporation, Harrisburg, PA
    Baltimore, MarylandFiled

    New Charter Applications

    DateName of BankLocationAction
    3-14-97Susquehanna Interim Bank
    Bryn Mawr
    Montgomery County
    Bryn MawrApproved
    Application to charter an interim bank will be used to facilitate the acquisition of Founders' Bank, Bryn Mawr, by Susquehanna Bancshares, Inc., Lititz.

    Conversions

    DateName of InstitutionLocationAction
    3-13-97Wilbur Savings and Loan Association
    Bethlehem
    Northampton County
    BethlehemApproved
          To:
    Wilbur Savings Bank
    Bethlehem
    Northampton County
    Represents conversion from a State-chartered mutual savings association to a State-chartered mutual savings bank.

    Consolidations, Mergers and Absorptions

    DateName of BankLocationAction
    3-7-97Clearfield Bank and Trust Company
    Clearfield
    Clearfield County
    ClearfieldEffective
    Purchase of assets/assumption of liabilities of one branch office of Mid-State Bank and Trust Company, Altoona, located at:
    1925 Daisy Street
    Clearfield
    Clearfield County

    Branch Applications

    DateName of BankLocationAction
    2-18-97Northern Central Bank
    Williamsport
    Lycoming County
    10 Reitz Boulevard
    Lewisburg
    Union County
    Opened
    3-12-97Dauphin Deposit Bank and Trust
       Company
    Harrisburg
    Dauphin County
    WalMart
    Routes 83 and 851
    Shrewsbury
    York County
    Approved
    3-17-97Franklin First Savings Bank
    Wilkes-Barre
    Luzerne County
    15 S. Franklin St.
    Wilkes-Barre
    Luzerne County
    Approved

    Articles of Amendment

    DateName of BankPurposeAction
    3-14-97SEI Trust Company
    Oaks
    Montgomery County
    To provide for a change in the post office address of the principal place of business From: 100 Cider Mill Road; To: One Freedom Valley Drive, both addresses in Oaks, Montgomery County, PA 19456.Approved and Effective

    Voluntary Liquidations

    DateName of BankAction
    3-13-97Bank of Delaware Valley
    Fairless Hills
    Bucks County
    Articles of Dissolution filed in the Department of State. Corporate existence terminated.

    SAVINGS ASSOCIATIONS

    Branch Relocations

    DateName of AssociationLocationAction
    3-14-97Iron Workers Savings Bank, PaSA
    Aston
    Delaware County
    To:3 Old State Road
    Media
    Delaware County
    Filed
    From:10 Old State Road
    Media
    Delaware County

    CREDIT UNIONS

    Articles of Amendment

    DateName of Credit UnionPurposeAction
    3-18-97Utilities Employees Credit Union
    Sinking Spring
    Berks County
    To eliminate the street address from Article 3 and to change the physical address of the principal of business From: 125 Exeter St., Reading; To: 2850 Windmill Road, Sinking Spring, Berks County, PA 19608.Approved and Effective

    RICHARD C. RISHEL,   
    Secretary

    [Pa.B. Doc. No. 97-481. Filed for public inspection March 28, 1997, 9:00 a.m.]

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