487 Action on applications

DEPARTMENT OF BANKING

Action on Applications

[26 Pa.B. 1389]

   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 19, 1996.

BANKING INSTITUTIONS

Bank Holding Company Acquisitions

Date	Name of Corporation		Location	Action
3-14-96	ExecuFirst Bancorp, Inc.,    Philadelphia, to acquire    100% of the voting shares    of Republic Bancorporation, Inc.,    Philadelphia		Philadelphia	Filed

Conversions

Date	Name of Bank		Location	Action
3-13-96	Prime Bank Philadelphia Philadelphia County		6425 Rising Sun Ave. Philadelphia Philadelphia County	Approved Effective 3-19-96
	To:
	Prime Bank, a savings bank Philadelphia Philadelphia County
	Represents conversion from a Federally-chartered stock savings bank to a State-chartered stock savings bank. Subject institution is wholly-owned by Prime Bancorp, Inc., Philadelphia, a thrift holding company.
	Branches Acquired:
	1000 Cottman Avenue Philadelphia Philadelphia County		Benjamin Fox Pavillion 261 Old York Road Jenkintown Montgomery County
	1695 Grant Avenue Philadelphia Philadelphia County		423 E. Girard Avenue Philadelphia Philadelphia County
	14425 Bustleton Avenue Philadelphia Philadelphia County		755 Oxford Valley Road Fairless Hills Bucks County
	1841 E. Allegheny Avenue Philadelphia Philadelphia County		8500 Germantown Avenue Philadelphia Philadelphia County
	521 Stump Road North Wales Montgomery County		18th and JFK Boulevard Philadelphia Philadelphia County
	301 Horsham Road Horsham Montgomery County		Moreland Plaza Shopping Center Old York and Moreland Rds. Willow Grove Montgomery County
	723 Street Road Southampton Bucks County		Bethayres Shopping Center 618 Welsh Road Huntingdon Valley Montgomery County
	984 Second Street Pike Richboro Bucks County		10 South Street Yardley Bucks County
3-18-96	Pennwood Savings Bank Pittsburgh Allegheny County		Pittsburgh	Filed
	Application represents conversion from a State-chartered mutual savings bank to a State-chartered stock savings bank.

Consolidations, Mergers and Absorptions

Date	Name of Bank		Location	Action
3-14-96	Republic Bank, Philadelphia,    and First Executive Bank,    Philadelphia    surviving institution--    Republic Bank, Philadelphia		Philadelphia	Filed
3-15-96	Wayne Bank, Honesdale, and    Wayne Interim Bank, Honesdale    surviving institution--    Wayne Bank, Honesdale		Honesdale	Approved
	Subject merger is being affected solely to facilitate the acquisition of Wayne Bank, Honesdale, by Norwood Financial Corp., Honesdale, a bank holding company in organization.
3-15-96	First Commonwealth Bank Indiana Indiana County		Indiana	Filed
	Purchase of assets/assumption of liabilities of one branch office of Moxham National Bank, Johnstown, located at:
	Salem Plaza Route 22 Delmont Westmoreland County
3-15-96	Harris Savings Bank,    Harrisburg, and First    Federal Savings and    Loan Association of    Harrisburg, Harrisburg    surviving institution--    Harris Savings Bank,    Harrisburg		Harrisburg	Approved

Branch Applications

Date	Name of Bank		Location	Action
3-11-96	Mid-State Bank and    Trust Company Altoona Blair County		1115--1119 12th Ave. Altoona Blair County (Drive-Up Facility)	Opened
3-14-96	Financial Trust Company Carlisle Cumberland County		1 Forge Road Boiling Springs S. Middleton Twp. Cumberland County	Approved
3-14-96	Northwest Savings Bank Warren Warren County		Cranberry Mall Routes 257 and 322 Cranberry Township Venango County	Filed

Branch Discontinuances

Date	Name of Bank		Location	Action
3-14-96	Dauphin Deposit Bank    and Trust Company Harrisburg Dauphin County		760 Cumberland St. Lebanon Lebanon County	Approved

SAVINGS ASSOCIATIONS

No activity.

CREDIT UNIONS

No activity.

RICHARD C. RISHEL,   
Secretary

[Pa.B. Doc. No. 96-487. Filed for public inspection March 29, 1996, 9:00 a.m.]