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

    DateName of InstitutionLocationAction
    4-1-96Pittsburgh 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.
    4-2-96Dollar 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

    DateName of BankLocationAction
    3-25-96Wayne Bank
    Honesdale
    Wayne County
    HonesdaleEffective
    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
    3-29-96Wayne Bank, Honesdale, and Wayne Interim Bank, Honesdale
    surviving institution--Wayne Bank, Honesdale
    HonesdaleEffective
    Subject merger is being effected solely to facilitate the acquisition of Wayne Bank, Honesdale, by Norwood Financial Corp., Honesdale, a new bank holding company.
    3-29-96Northwest Savings Bank, Warren, and First Federal Savings Bank of Kane, Kane
    surviving institution--Northwest Savings Bank, Warren
    WarrenEffective
    Branches Acquired:
    56 Fraley Street
    Kane
    McKean County
    601 Main Street
    Clarion
    Clarion County
    97 South Main Street
    Clarion
    Clarion County

    Branch Applications

    DateName of BankLocationAction
    3-29-96Farmers & Merchants Trust Company
    Chambersburg
    Franklin County
    Menno Haven Penn Hall Retirement
       Community
    1425 Philadelphia Ave.
    Chambersburg
    Franklin County
    Filed

    Branch Relocations

    DateName of BankLocationAction
    3-25-96Indiana 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

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

    Section 112 Applications

    DateName of IndividualLocationAction
    3-18-96Edwin C. Hostetter to acquire up to 20,000 additional shares of common stock of Jonestown Bank and Trust Company of Jonestown, PA JonestownEffective

    SAVINGS ASSOCIATIONS

    No activity.

    CREDIT UNIONS

    Branch Applications

    Date Name of Credit UnionLocationAction
    3-29-96Lee 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.]

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