562 Action on applications

DEPARTMENT OF BANKING

Action on Applications

[27 Pa.B. 1860]

   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 April 1, 1997.

BANKING INSTITUTIONS

Holding Company Acquisitions

Date	Name of Corporation		Location	Action
3-26-97	Keystone Financial, Inc.,    Harrisburg, to acquire 100% of the voting shares of Financial Trust Corp., Carlisle		Harrisburg	Approved

Conversions

Date	Name of Institution		Location	Action
4-1-97	Wilbur Savings and Loan Association Bethlehem Northampton County		Bethlehem	Effective
	To:
	Wilbur Savings Bank Bethlehem Northampton County
	Represents conversion from a State-chartered mutual savings association to a State-chartered mutual savings bank.

Consolidations, Mergers and Absorptions

Date	Name of Bank		Location	Action
4-1-97	Ambassador Bank of the    Commonwealth, Allentown, and Wilbur Savings Bank, Bethlehem surviving institution-- Ambassador Bank of the Commonwealth, Allentown		Allentown	Filed

Branch Applications

Date	Name of Bank		Location	Action
3-20-97	First Republic Bank Philadelphia Philadelphia County		Philadelphia College    Of Osteopathic Medicine 4190 City Line Avenue Philadelphia Philadelphia County	Opened
3-27-97	Prime Bank, a savings bank Philadelphia Philadelphia County		7111 Valley Green Rd. Fort Washington Montgomery County	Filed
3-29-97	Berks County Bank Reading Berks County		4453 Fifth St. Highway Muhlenberg Township Berks County	Opened
4-1-97	Orrstown Bank Orrstown Franklin County		625 Norland Avenue Chambersburg Franklin County	Filed

Branch Discontinuances

Date	Name of Bank		Location	Action
3-31-97	Summit Bank Bethlehem Northampton County		Valmont Plaza 270 Susquehanna Blvd. West Hazleton Luzerne County	Filed
3-31-97	Summit Bank Bethlehem Northampton County		640 Hamilton Mall Allentown Lehigh County	Filed

SAVINGS ASSOCIATIONS

No activity.

CREDIT UNIONS

Conversions

Date	Name of Credit Union		Location	Action
4-1-97	Diamond Federal Credit Union Pottstown Montgomery County		Pottstown	Effective
	To:
	Diamond Credit Union Pottstown Montgomery County
	Represents conversion from a Federally-chartered credit union to a State-chartered credit union.

Consolidations, Mergers and Absorptions

Date	Name of Credit Union		Location	Action
3-31-97	Philadelphia Telco Credit Union,    Trevose, Pennsylvania, and FMC Princeton Federal Credit Union, Princeton, NJ surviving institution-- Philadelphia Telco Credit Union, Trevose, PA		Trevose, PA	Approved and Effective

RICHARD C. RISHEL,   
Secretary

[Pa.B. Doc. No. 97-562. Filed for public inspection April 11, 1997, 9:00 a.m.]