604 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [36 Pa.B. 1755]

       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 9, 2002 (P. L. 1572, No. 207), known as the Credit Union Code, has taken the following action on applications received for the week ending April 4, 2006.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of CorporationLocationAction
    3-28-06S & T Bancorp, Inc., Indiana,
    to acquire up to 24.99% of the
    shares of common stock of Allegheny Valley Bancorp, Inc.,
    Pittsburgh, under section 112
    of the Pennsylvania Banking Code
    of 1965
    Indiana Filed

    Conversions

    DateName of BankLocationAction
    4-3-06The First National Bank
    in Fleetwood
    Fleetwood
    Berks County
          To:
    Fleetwood Bank
    Fleetwood
    Berks County
    Main and Franklin Streets
    Fleetwood
    Berks County
    Effective
    Represents conversion from a Nationally-chartered bank to a State-chartered member bank. Bank is wholly-owned by Fleetwood Bank Corporation, Fleetwood, an existing bank holding company.
    Branches Acquired by Means of Conversion:
    917 Park Road
    Blandon
    Berks County
    2493 Bernville Road
    Reading
    Berks County
    Main Street and Kemp Road
    Kutztown
    Berks County
    4445 Kutztown Road
    Temple
    Berks County
    East State Avenue and
    3 South Main Street
    Lyon Station
    Berks County
    33 South 4th Street
    Hamburg
    Berks County
    (Loan Production Office)
    525 Penn Avenue
    Reading
    Berks County

    Branch Applications

    DateName of Bank LocationAction
    3-9-06NOVA Savings Bank
    Philadelphia
    Philadelphia County
    448 West Baltimore Pike
    Media
    Delaware County
    Opened
    3-27-06CommunityBanks
    Millersburg
    Dauphin County
    201 West Chocolate Avenue
    Hershey
    Derry Township
    Dauphin County
    Opened
    3-29-06NOVA Savings Bank
    Philadelphia
    Philadelphia County
    33 Lincoln Highway
    Malvern
    Chester County
    Authorization Surrendered
    3-30-06East Penn Bank
    Emmaus
    Lehigh County
    3985 MacArthur Road
    Whitehall Township
    Lehigh County
    Approved
    3-30-06First Commonwealth Bank
    Indiana
    Indiana County
    198 Park Manor Drive
    Pittsburgh
    Allegheny County
    Approved
    3-30-06First Commonwealth Bank
    Indiana
    Indiana County
    301 Mt. Lebanon Boulevard
    Pittsburgh
    Allegheny County
    Approved
    3-30-06Republic First Bank
    Philadelphia
    Philadelphia County
    7300 Frankford Avenue
    Philadelphia
    Philadelphia County
    Approved
    3-30-06Earthstar Bank
    Southampton
    Bucks County
    8910 Frankford Avenue
    Philadelphia
    Philadelphia County
    Approved
    3-31-06Northwest Savings Bank
    Warren
    Warren County
    950 South Pine Island Road
    Suite 180
    Plantation
    Broward County, FL
    Filed
    3-31-06Northwest Savings Bank
    Warren
    Warren County
    8221 Peters Road
    Plantation
    Broward County, FL
    (Drive-Up Facility)
    Filed

    Branch Relocations

    DateName of BankLocationAction
    3-30-06Atlantic Central
    Bankers Bank
    Camp Hill
    Cumberland County
    To:Gateway One
    Newark
    Essex County, NJ
    Approved
    From:400A Commerce Boulevard
    Carlstadt
    Bergen County, NJ
    3-30-06Mid Penn Bank
    Millersburg
    Dauphin County
    To:4642 SR 209
    Elizabethville
    Dauphin County
    Approved
    From:2 East Main Street and
    11-13 East Main Street
       (Drive-Up)
    Elizabethville
    Dauphin County
    3-30-06Fulton Bank
    Lancaster
    Lancaster County
    To:South Market Street and
    Cumberland Parkway
    Upper Allen Township
    Cumberland County
    Filed
    From:360 Cumberland Parkway
    Upper Allen Township
    Cumberland County

    Branch Discontinuances

    DateName of Bank LocationAction
    3-31-06Leesport Bank
    Wyomissing
    Berks County
    100 West Main Street
    Lansdale
    Montgomery County
    Effective

    SAVINGS INSTITUTIONS

    Voluntary Dissolution

    DateName of Association Action
    3-31-06Society Hill Savings and
    Loan Association
    Philadelphia
    Philadelphia County
    Articles of Dissolution
    filed with Department of
    State. Corporate existence terminated.

    CREDIT UNIONS

    Conversions to Community Charters

    DateName of Credit Union LocationAction
    3-27-06White Rose Credit Union
    York
    York County
    York**
    **Application became effective by Operation of Law under section 501(g) of the Credit Union Code.
    Represents conversion from an occupational-based credit union to a community-based charter; the conversion will be completed by filing Articles of Amendment with the Department of State at a later date. The Articles will provide for a change in the field of membership to include ''all people who live, work, worship, attend school in, and businesses and other legal entities in York and Adams County in the Commonwealth of Pennsylvania.''
    4-3-06Diamond Credit Union
    Pottstown
    Montgomery County
    PottstownEffective
    Represents conversion from an occupational-based credit union to a community-based charter; the conversion will be completed by filing Articles of Amendment with the Department of State (see the following Articles of Amendment).

    Consolidations, Mergers, and Absorptions

    DateName of Credit Union LocationAction
    4-3-06Incol Credit Union, Old Forge,
    and Wilkes-Barre Newspapers
    Federal Credit Union, Kingston
    Surviving Institutions--
    Incol Credit Union, Old Forge
    Old ForgeFiled

    Articles of Amendment

    DateName of Credit Union PurposeAction
    4-3-06Diamond Credit Union
    Pottstown
    Montgomery County
    Amendment to Article IV, Section 7 of the Articles of Conversion provides for a change in the field of membership of the credit union to include, ''Peoples who live, work, worship, regularly conduct business, or attend school in Berks County, Collegeville Borough, Douglass Township, East Coventry Township, East Greenville Borough, East Nantmeal Township, East Vincent Township, Green Lane Borough, Limerick Township, Lower Frederick Township, Lower Pottsgrove Township, Marlborough Township, New Hanover Township, North Coventry Township, Pennsburg Borough, Perkiomen Township, Pottstown Borough, Red Hill Borough, Royersford Borough, Schwenksville Borough, Skippack Township, South Coventry Township, Spring City Borough, Trappe Borough, Upper Frederick Township, Upper Hanover Township, Upper Pottsgrove Township, Upper Providence Township, Warwick Township, West Pottsgrove Township, and Vincent Township, Pennsylvania; Members of record of Diamond Credit Union as of the date of approval to convert to community charter; and Spouses of persons who died while within the field of membership of this credit union; employees of Diamond Credit Union; volunteers, members of their immediate families or households and organizations of such persons.''Effective

       The Department's website at www.banking.state.pa.us includes public notices for more recently filed applications.

    A. WILLIAM SCHENCK, III,   
    Secretary

    [Pa.B. Doc. No. 06-604. Filed for public inspection April 14, 2006, 9:00 a.m.]

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