644 Actions of applications  

  • DEPARTMENT OF BANKING

    Actions on Applications

    [40 Pa.B. 1931]
    [Saturday, April 10, 2010]

     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 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 23, 2010.

     Under section 503.E of the Department of Banking Code (71 P. S. § 733-503.E), any person wishing to comment on the following applications, with the exception of branch applications, may file their comments in writing with the Department of Banking, Corporate Applications Division, 17 North Second Street, Suite 1300, Harrisburg, PA 17101-2290. Comments must be received no later than 30 days from the date notice regarding receipt of the application is published in the Pennsylvania Bulletin. The nonconfidential portions of the applications are on file at the Department and are available for public inspection, by appointment only, during regular business hours. To schedule an appointment, contact the Corporate Applications Division at (717) 783-2253. Photocopies of the nonconfidential portions of the applications may be requested consistent with the Department's Right-to-Know Law Records Request policy.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    Date Name and Location of ApplicantAction
    3-17-2010 Metro Bancorp, Inc.
    Harrisburg
    Dauphin County
    Withdrawn
    Application for approval to acquire 100% of Republic First Bancorp, Inc., Philadelphia, and thereby indirectly acquire 100% of Republic First Bank, Philadelphia.

    Branch Applications

    De Novo Branches

    Date Name and Location of Applicant Location of Branch Action
    3-17-2010 Somerset Trust Company
    Somerset
    Somerset County
    1739 Lyter Drive
    Johnstown
    Cambria County
    Filed

    Articles of Amendment

    Date Name and Location of Institution Action
    3-18-2010 First CornerStone Bank
    King of Prussia
    Montgomery County
    Approved and Effective
    Amendment to the Fifth Article of the institution's Articles of Incorporation increases the aggregate number of shares of common stock which the institution is authorized to issue from 10,000,000 to 20,000,000.

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    Branch Applications

    De Novo Branches

    Date Name and Location of Applicant Location of Branch Action
    3-1-2010 TruMark Financial Credit Union
    Trevose
    Bucks County
    12377 Academy Road
    Philadelphia
    Philadelphia County
    Opened

     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. 10-644. Filed for public inspection April 9, 2010, 9:00 a.m.]

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