539 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [37 Pa.B. 1415]
    [Saturday, March 31, 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 20, 2007.

    BANKING INSTITUTIONS

    New Charter Applications

    Date Name of Bank Location Action
    3-15-07 DM Trust Company
    Philadelphia
    Philadelphia
    PhiladelphiaApproved

    Mutual Holding Company Reorganization

    DateName of BankLocation Action
    3-19-07 Abington Savings Bank
    Jenkintown
    Montgomery County
    JenkintownFiled
    Abington Savings Bank (the ''Bank''), which is currently organized in mutual holding company structure, including a mid-tier bank holding company, Abington Community Bancorp, Inc. (the ''Mid-Tier''), under Abington Mutual Holding Company (the ''MHC''), is proposing to reorganize by converting the MHC and the Mid-Tier to federal charters and then creating a thrift holding company and an interim bank (the ''Interim'') and thereafter merging the Mid-tier and the MHC into the Bank and then merging the Interim into the Bank. The resulting structure will be a Stock Federal Thrift Holding Company, Abington Bancorp, Inc., which will own all of the shares of the Bank.

    Consolidations, Mergers and Absorptions

    Date Name of BankLocationAction
    3-16-07 Beneficial Mutual Savings Bank, Philadelphia, PA, and Farmers & Mechanics Bank, Burlington, NJ
    Surviving Institution--
    Beneficial Mutual Savings Bank, Philadelphia, PA
    PhiladelphiaFiled

    Branch Applications

    Date Name of BankLocationAction
    3-19-07 United-American Savings Bank
    Pittsburgh
    Allegheny County
    3353 State Route 130
    Harrison City
    Westmoreland County
    Filed

    Articles of Amendment

    Date Name of BankPurposeAction
    3-15-07 Irwin Bank & Trust Company
    Irwin
    Westmoreland County
    Amendment to Article I of the Articles of Incorporation provides for a change in corporate title to Irwin Bank.Approved and Effective

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    Consolidations, Mergers and Absorptions

    Date Name of Credit Union LocationAction
    3-19-07 Alcose Credit Union, White Oak,
    and Artcraft Credit Union,
    North Huntingdon
    Surviving Institution--
    Alcose Credit Union, White Oak
    White OakApproved

    Branch Applications

    Date Name of Credit Union Location Action
    3-16-07 TruMark Financial Credit Union
    Trevose
    Bucks County
    2747 W. Main Street
    Lower Providence Township
    Montgomery County
    Filed

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

    VICTORIA A. REIDER,   
    Acting Secretary

    [Pa.B. Doc. No. 07-539. Filed for public inspection March 30, 2007, 9:00 a.m.]


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