701 Actions on applications

DEPARTMENT OF BANKING

Actions on Applications

[39 Pa.B. 1993]
[Saturday, April 18, 2009]

   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 7, 2009.

   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 [phone]. 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 of Corporation		Location	Action
4-1-2009	Penseco Financial Services Corporation, Scranton, acquired 100% of Old Forge Bank, Old Forge		Scranton	Effective

Consolidations, Mergers and Absorptions

Date	Name of Bank		Location	Action
4-1-2009	Penn Security Bank and Trust Company, Scranton, and Old Forge Bank, Old Forge Surviving Institution: Penn Security Bank and Trust Company, Scranton		Scranton	Effective
	All offices of Old Forge Bank will become branch offices of Penn Security Bank and Trust Company, including the former principal place of business of Old Forge Bank located at:
			216 South Main Street Old Forge Lackawanna County

Branch Applications

De Novo Branches

Date	Name of Bank		Location	Action
3-30-2009	First Priority Bank Malvern Chester County		10 Sentry Parkway Building 300, Suite 100 Blue Bell Montgomery County	Opened
4-2-2009	Northwest Savings Bank Warren Warren County		2113 Chili Avenue Gates Monroe County, NY	Approved
4-2-2009	Somerset Trust Company Somerset Somerset County		1448 County Line Road Champion Westmoreland County	Approved

Branch Relocations

Date	Name of Bank		Location	Action
4-2-2009	Pennsylvania Business Bank Berwyn Chester County	To:	1819 John F. Kennedy Boulevard Philadelphia Philadelphia County	Approved
		From:	1635 Market Street Philadelphia Philadelphia County
4-7-2009	Citizens Bank of Pennsylvania Philadelphia Philadelphia County	To:	48 West Skippack Pike Ambler Montgomery County	Filed
		From:	7004 Butler Pike Broad Axe Montgomery County

Branch Consolidations

Date	Name of Bank		Location	Action
4-2-2009	Susquehanna Bank Lititz Lancaster County	Into:	1950 Old Philadelphia Pike Lancaster Lancaster County	Approved
		From:	2034 Lincoln Highway East Lancaster Lancaster County

Branch Discontinuances

Date	Name of Bank		Location	Action
3-31-2009	Wayne Bank Honesdale Wayne County		Weis Market Route 590 Hamlin Wayne County	Closed

SAVINGS INSTITUTIONS

No activity.

CREDIT UNIONS

Community Charter Conversions

Date	Name of Credit Union		Location	Action
3-31-2009	Riverset Credit Union Pittsburgh Allegheny County		Pittsburgh	Filed
	The credit union proposes to amend Article 8 of its Articles of Incorporation to serve a field of membership limited to the following community: Persons who live, work (regularly conduct business in), worship, attend school in and businesses and other legal entities in Allegheny, Beaver and Butler Counties, PA.
	Correction: The date of filing of the previously proposed community charter conversion by Riverset Credit Union was incorrectly stated in the previous issue of the Pennsylvania Bulletin (Volume 39, Number 15).
4-2-2009	Penn Drake Credit Union Karns City Butler County		Karns City	Approved
	The credit union proposes to amend its Articles of Incorporation to serve a field of membership limited to the following community: Persons who live, work, worship, attend school in, and businesses and other legal entities in Butler County, in this Commonwealth.

   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. 09-701. Filed for public inspection April 17, 2009, 9:00 a.m.]