568 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [30 Pa.B. 1772]

       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 21, 2000.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of Corporation LocationAction
    3-20-00NBT Bancorp, Inc., Norwich,
       New York, to Acquire 100% of
    the Voting Shares of Pioneer
    American Holding Company Corp.,
    Carbondale, PA
     Norwich, NYApproved

    New Charter Applications

    DateName of Bank LocationAction
    3-15-00Somerset Interim Bank
    Somerset
    Somerset County
     SomersetFiled

    Branch Applications

    DateName of Bank LocationAction
    3-17-00Hollidaysburg Trust Company
    Hollidaysburg
    Blair County
     1402 Logan Avenue
    Tyrone
    Blair County
    Filed
    3-20-00Sun Bank
    Selinsgrove
    Snyder County
     814 Westminster Dr.
    Williamsport
    Lycoming County
    Filed

    Branch Relocations

    DateName of Bank LocationAction
    3-15-00Beneficial Mutual
       Savings Bank
    Philadelphia
    Philadelphia County
    To:Route 13 and
       Simpson Street
    Eddystone
    Delaware County
    Filed
    From:1936 MacDade Boulevard
    Woodlyn
    Delaware County

    Branch Discontinuances

    DateName of Bank LocationAction
    3-17-00Lafayette Ambassador Bank
    Easton
    Northampton County
     1605 West Broad St.
    Bethlehem
    Lehigh County
    Approved
    3-17-00The Drovers & Mechanics Bank
    York
    York County
     Mt. Rose Avenue and
       Albemarle Street
    York
    York County
    Approved
    3-21-00First Columbia Bank & Trust Co.
    Bloomsburg
    Columbia County
     Route 42 North
    Numidia
    Columbia County
    Approved

    Articles of Amendment

    DateName of Bank PurposeAction
    3-16-00East Penn Bank
    Emmaus
    Lehigh County
    To increase the number of
    authorized shares of common
    stock from 20,000,000
    shares to 40,000,000 shares;
    to increase the number of
    authorized shares of preferred
    stock from 8,000,000 shares to
    16,000,000 shares; and to change
    the par value of the common and
    preferred stock from $1.25 to $0.625
    per share and thereby causing a
    two-for-one stock split.
    Approved
    and
    Effective

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    No activity.

    DAVID E. ZUERN,   
    Secretary

    [Pa.B. Doc. No. 00-568. Filed for public inspection March 31, 2000, 9:00 a.m.]

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