588 Action on applications

DEPARTMENT OF BANKING

Action on Applications

[26 Pa.B. 1718]

   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 2, 1996.

BANKING INSTITUTIONS

Conversions

Date	Name of Institution		Location	Action
4-1-96	Pittsburgh Home Savings Bank Pittsburgh Allegheny County		438 Wood Street Pittsburgh Allegheny County	Effective
	Represents conversion from a State-chartered mutual savings bank to a State-chartered stock savings bank. Subject bank will be a wholly-owned subsidiary of Pittsburgh Home Financial Corp., Pittsburgh, a new bank holding company.
4-2-96	Dollar Savings Association New Castle Lawrence County		32 North Mill St. New Castle Lawrence County	Approved
	To:
	Dollar Savings Bank New Castle Lawrence County
	Conversion from a State-chartered stock savings association to a State-chartered savings bank being effected solely to facilitate the merger of the resulting savings bank with and into the First National Bank of Pennsylvania, Hermitage.

Consolidations, Mergers and Absorptions

Date	Name of Bank		Location	Action
3-25-96	Wayne Bank Honesdale Wayne County		Honesdale	Effective
	Purchase of assets/assumption of liabilities of three branch offices of Meridian Bank, Reading, located at:
	Route 370 and Lake Como Road Lakewood Wayne County		Jackson Street Thompson Susquehanna County
	Richardson Avenue Shohola Pike County
3-29-96	Wayne Bank, Honesdale, and Wayne Interim Bank, Honesdale surviving institution--Wayne Bank, Honesdale		Honesdale	Effective
	Subject merger is being effected solely to facilitate the acquisition of Wayne Bank, Honesdale, by Norwood Financial Corp., Honesdale, a new bank holding company.
3-29-96	Northwest Savings Bank, Warren, and First Federal Savings Bank of Kane, Kane surviving institution--Northwest Savings Bank, Warren		Warren	Effective
	Branches Acquired:
	56 Fraley Street Kane McKean County		601 Main Street Clarion Clarion County
	97 South Main Street Clarion Clarion County

Branch Applications

Date	Name of Bank		Location	Action
3-29-96	Farmers & Merchants Trust Company Chambersburg Franklin County		Menno Haven Penn Hall Retirement    Community 1425 Philadelphia Ave. Chambersburg Franklin County	Filed

Branch Relocations

Date	Name of Bank		Location	Action
3-25-96	Indiana First Savings Bank Indiana Indiana County	To:	Townfair Center 475 Ben Franklin Road South White Township Indiana County	Effective
		From:	2450 Route 422 West Indiana White Township Indiana County

Branch Discontinuances

Date	Name of Bank		Location	Action
12-28-95	Heritage Trust Company Erie Erie County		381 Mansfield Ave. Pittsburgh Allegheny County	Effective
4-2-96	First Valley Bank Bethlehem Northampton County		639 South Main St. Wilkes-Barre Luzerne County	Filed

Section 112 Applications

Date	Name of Individual		Location	Action
3-18-96	Edwin C. Hostetter to acquire up to 20,000 additional shares of common stock of Jonestown Bank and Trust Company of Jonestown, PA		Jonestown	Effective

SAVINGS ASSOCIATIONS

No activity.

CREDIT UNIONS

Branch Applications

Date	Name of Credit Union		Location	Action
3-29-96	Lee Hospital Credit Union Johnstown Cambria County		Homewood of Martinsburg 430 S. Market St. Martinsburg Blair County	Filed

RICHARD C. RISHEL,   
Secretary
 

[Pa.B. Doc. No. 96-588. Filed for public inspection April 12, 1996, 9:00 a.m.]