DEPARTMENT OF BANKING Action on Applications [36 Pa.B. 1906] 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 11, 2006.
BANKING INSTITUTIONS Holding Company Acquisitions Date Name of Corporation Location Action 4-5-06 Orrstown Financial Services, Inc., Shippensburg, to acquire 100% of the voting shares of The First National Bank of Newport, Newport Shippensburg Approved 4-6-06 Franklin Financial Services Corporation, Chambersburg, to acquire 100% of voting shares of Fulton Bancshares Corporation, McConnellsburg Chambersburg Filed Consolidations, Mergers and Absorptions Date Name of Bank Location Action 4-6-06 Farmers and Merchants Trust Company of Chambersburg and Fulton County National Bank and Trust Company, McConnellsburg
Surviving Institution--
Farmers and Merchants Trust Company of ChambersburgChambersburg Filed Branch Applications Date Name of Bank Location Action 3-22-06 Orrstown Bank
Shippensburg
Cumberland County201 South Cleveland Avenue
Hagerstown
Washington County, MDOpened 4-3-06 Abington Savings Bank
Jenkintown
Montgomery County1111 East Road
Warrington
Bucks CountyOpened 4-11-06 Abington Savings Bank
Jenkintown
Montgomery CountyMaris Grove
Retirement Community
100 Maris Grove Way
Glen Mills
Delaware County
(Limited Service Facility)Filed Branch Relocations Date Name of Bank Location Action 3-25-06 Beneficial Mutual
Savings Bank
Philadelphia
Philadelphia CountyTo: 1200 West Township
Line Road
Havertown
Delaware CountyEffective From: 1230 Township Line Road
Drexel Hill
Delaware CountyBranch Discontinuances Date Name of Bank Location Action 3-30-06 Citizens Bank of
Pennsylvania
Philadelphia
Philadelphia County3890 Bigelow Boulevard
Pittsburgh
Allegheny County
(Limited Service Facility)Effective 3-31-06 Citizens Bank of
Pennsylvania
Philadelphia
Philadelphia County392 Franklin Avenue
Aliquippa
Beaver CountyEffective 3-31-06 Citizens Bank of
Pennsylvania
Philadelphia
Philadelphia County1122 Seventh Avenue
Beaver Falls
Beaver CountyEffective 3-31-06 Citizens Bank of
Pennsylvania
Philadelphia
Philadelphia County419 N. 7th Street
Altoona
Blair CountyEffective SAVINGS INSTITUTIONS No activity. CREDIT UNIONS No activity. 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. 06-660. Filed for public inspection April 21, 2006, 9:00 a.m.]
