612 Action on applications

DEPARTMENT OF BANKING

Action on Applications

[34 Pa.B. 1969]

   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 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 30, 2004.

BANKING INSTITUTIONS

Mutual Holding Company Reorganization

Date	Name of Corporation		Location	Action
3-26-04	Sharon Savings Bank Darby Delaware County		Darby	Effective
	Represents reorganization into a mutual holding company to be known as Sharon Mutual Holding Company, Darby, PA, parent company of Sharon Bancorp, Inc. Sharon Savings Bank will be a wholly owned subsidiary of Sharon Bancorp, Inc., a newly formed Federally-chartered stock holding company, who in turn is a subsidiary of Sharon Mutual Holding Company, a newly formed Federally-chartered mutual holding company.
3-29-04	Beneficial Mutual Savings Bank Philadelphia Philadelphia County		Philadelphia	Filed
	Application represents reorganization into a mutual holding company to be known as Beneficial Savings Bank MHC.

Conversions

Date	Name of Bank		Location	Action
3-26-04	Sharon Savings Bank Darby Delaware County		Darby	Effective
	Represents conversion from a State-chartered mutual savings bank to a State-chartered stock savings bank in conjunction with the reorganization into a mutual holding company form of ownership listed previously.

Branch Applications

Date	Name of Bank		Location	Action
3-17-04	Pennsylvania Business Bank Philadelphia Philadelphia County		1691-1695 Grant Avenue Philadelphia Philadelphia County	Opened
3-24-04	Citizens Bank of Pennsylvania Philadelphia Philadelphia County		Acme Stores at the following three locations:	Filed
			531 High Street Mt. Holly Burlington County, NJ
			501 East Evesham Road Runnemede Camden County, NJ
			175 Route 70 Medford Burlington County, NJ
3-25-04	PeoplesBank, a Codorus Valley    Company York York County		The Brogue Center 2514 Delta Road Brogue Chanceford Township York County	Filed
3-26-04	NOVA Savings Bank Philadelphia Philadelphia County		1235 West Chester Pike Havertown Delaware County	Approved

Branch Relocations

Date	Name of Bank		Location	Action
3-22-04	Northwest Savings Bank Warren Warren County	To:	101 Monroe Road Sarver Buffalo Township Butler County	Effective
		From:	737 South Pike Road Sarver Butler County
3-29-04	Patriot Bank Pottstown Montgomery County	To:	3101 Shillington Road Sinking Spring Berks County	Filed
		From:	155 Shillington Road Sinking Spring Berks County

SAVINGS INSTITUTIONS

No activity.

CREDIT UNIONS

No activity.

A. WILLIAM SCHENCK, III,   
Secretary

[Pa.B. Doc. No. 04-612. Filed for public inspection April 9, 2004, 9:00 a.m.]