511 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [27 Pa.B. 1660]

       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 March 25, 1997.

    BANKING INSTITUTIONS

    New Charter Applications

    DateName of Bank LocationAction
    3-24-97Northwest Interim Savings Bank I
    Warren
    Warren County
     WarrenApproved
    Interim savings bank being formed in connection with the ''two-tier'' reorganization of Northwest Savings Bank, Warren.

    Conversions

    DateName of Institution LocationAction
    3-21-97Farmers Building and Loan
       Association
    Rochester
    Beaver County
          To:
    Farmers Building and Savings Bank
    Rochester
    Beaver County
     RochesterFiled
    Application represents conversion from a State-chartered mutual savings association to a State-chartered mutual savings bank.

    Consolidations, Mergers and Absorptions

    DateName of Bank LocationAction
    3-3-97First Union National Bank,
       Avondale, and Centre Square
    Trust Company, Philadelphia
    surviving institution--
    First Union National Bank,
    Avondale
     AvondaleEffective

    Branch Applications

    DateName of Bank LocationAction
    3-3-97Premier Bank
    Doylestown
    Bucks County
     Southampton Shopping
       Center
    516 Second Street Pike
    Southampton
    Bucks County
    Opened
    3-24-97The Drovers &
       Mechanics Bank
    York
    York County
     Intersection of I-83
       and Route 851
    Shrewsbury Township
    York County
    Approved

    Branch Relocations

    DateName of Bank LocationAction
    3-25-97Johnstown Bank and
       Trust Company
    Johnstown
    Cambria County
    To:Corner of Rambler
       Drive and Route 356
    Sarver
    Butler County
    Approved
    From:111 South Pike Road
    Sarver
    Butler County

    Articles of Amendment

    DateName of Bank PurposeAction
    3-21-97Public Savings Bank
    Bala Cynwyd
    Montgomery County
     To provide for a change in the principal place of business
    From:  100 Presidential Boulevard, North, Bala Cynwyd, Montgomery County; To: 2300 Computer Avenue, Suite H-42, Willow Grove, Montgomery County
    Approved
    and
    Effective

    SAVINGS ASSOCIATIONS

    Branch Applications

    DateName of Savings Association LocationAction
    3-17-97Slovenian Savings and Loan
       Association of Franklin-Conemaugh
    Conemaugh
    Cambria County
     Riverside Shopping
       Center
    1512 Jefferson Ave.
    Windber
    Somerset County
    Opened

    Voluntary Liquidations

    DateName of Savings Association Action 
    3-21-97Progressive Building & Loan
       Association of Kennett Square
    Kennett Square
    Chester County
     Certificate of Election for
    Voluntary Dissolution filed.
    Effective as of the close of
    business March 21, 1997.

    CREDIT UNIONS

       No activity.

    RICHARD C. RISHEL,   
    Secretary

    [Pa.B. Doc. No. 97-511. Filed for public inspection April 4, 1997, 9:00 a.m.]

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