399 Actions on applications  

  • DEPARTMENT OF BANKING

    Actions on Applications

    [38 Pa.B. 1172]
    [Saturday, March 8, 2008]

       The Department of Banking (Department), 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 February 26, 2008.

    BANKING INSTITUTIONS

    Section 112 Applications

    Date Name of GroupLocationAction
    2-25-2008 The Snyder Group, Kittanning, to acquire up to 74.2% of Merchants Bancorp of Pennsylvania, KittanningKittanningFiled

    Holding Company Acquisitions

    Date Name of CorporationLocationAction
    2-25-2008 First Priority Financial Corp., Malvern, to acquire 100% of Prestige Community Bank, NewtownMalvernApproved

    Consolidations, Mergers and Absorptions

    Date Name of Bank LocationAction
    2-25-2008 First Priority Bank, Malvern, and Prestige Community Bank, Newtown Surviving Institution:
    First Priority Bank, Malvern
    MalvernApproved

    Branch Applications

    Date Name of Bank LocationAction
    1-2-2008 Valley Green Bank
    Philadelphia
    Philadelphia County
    23 West Highland Avenue
    Philadelphia
    Philadelphia County
    Opened
    2-21-2008 Affinity Bank of Pennsylvania
    Wyomissing
    Berks County
    South Temple Boulevard
    and 5th Street Highway
    Muhlenberg
    Berks County
    Filed
    2-22-2008 Northwest Savings Bank
    Warren
    Warren County
    1632 Empire Boulevard
    Webster
    Monroe County, NY
    Filed
    2-22-2008 Northwest Savings Bank
    Warren
    Warren County
    125 Emeryville Drive
    Suite 100
    Cranberry Township
    Butler County
    Filed
    2-25-2008 American Bank
    Allentown
    Lehigh County
    4261 Freemansburg Avenue
    Bethlehem
    Northampton County
    Approved

    Branch Relocations

    Date Name of BankLocation Action
    2-25-2008 Citizens Bank of Pennsylvania
    Philadelphia
    Philadelphia County
    To:780 South Valley Forge Road
    Lansdale
    Montgomery County
    Approved
    From: 1601 South Valley Forge Road
    Lansdale
    Montgomery County

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    Conversions

    Date Name of Credit Union LocationAction
    2-13-2008 Lancaster Postal Employees
    Credit Union
    Lancaster
    Lancaster County
    LancasterEffective
    Conversion from a Pennsylvania State-chartered credit union to a Federally-chartered credit union
    to be known as Lancaster Postal Employees Federal Credit Union.

    Community Charter Conversions

    Date Name of Credit Union Location Action
    2-13-2008 Superior Credit Union
    Collegeville
    Montgomery County
    CollegevilleFiled
    The credit union proposes to amend its Articles of Incorporation to serve a field of membership limited to the following community: All people who live, work, worship, attend school in, and businesses and other legal entities in Montgomery County, PA.

    Consolidations, Mergers and Absorptions

    Date Name of Credit UnionLocation Action
    2-20-2008 TruMark Financial Credit Union, Trevose, and Local 98 IBEW
    Federal Credit Union, Philadelphia
    Surviving Credit Union:
    TruMark Financial Credit Union, Trevose
    TrevoseApproved
    2-25-2008Pennsylvania State Employees Credit Union, Harrisburg, and Rite Aid Employees Credit Union, Camp Hill
    Surviving Credit Union:
    Pennsylvania State Employees Credit Union, Harrisburg
    HarrisburgApproved

    Articles of Amendment

    Date Name of Credit Union Purpose Action
    2-25-2008 Binney & Smith Inc. Easton Employees Credit Union
    Easton
    Northampton County
    Amendment to Article 1 of the Articles of Incorporation provides for a change of the name of the credit union from ''Binney & Smith Inc. Easton Employees Credit Union'' to ''Crayola LLC Employees Credit Union.''Approved and Effective
    2-25-2008Callery Credit Union
    Mars
    Butler County
    Amendment to the Article 1 of the Articles of Incorporation provides for a change of the name of the credit union from ''Callery Credit Union'' to ''Southern Butler County Community Credit Union.''Approved and Effective

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

    STEVEN KAPLAN,   
    Secretary

    [Pa.B. Doc. No. 08-399. Filed for public inspection March 7, 2008, 9:00 a.m.]

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