874 Actions on applications  

  • DEPARTMENT OF BANKING AND SECURITIES

    Actions on Applications

    [43 Pa.B. 2614]
    [Saturday, May 11, 2013]

     The Department of Banking and Securities (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 and Securities 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 30, 2013.

     Under section 503.E of the Department of Banking and Securities 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 and Securities, 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 (717) 783-2253. 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

    Section 112 Acquisitions

    Date Name and Location of Applicant Action
    4-25-2013 Thomas M. Saltsgiver Effective
    Application for approval to acquire up to 85.14% of the common stock of First Cornerstone Bank, King of Prussia.

    Consolidations, Mergers, and Absorptions

    Date Name and Location of ApplicantAction
    4-26-2013CNB Bank
    Clearfield
    Clearfield County
    Filed
    Application for approval to merge The Farmers Citizens Bank, Bucyrus, OH, with and into CNB Bank, Clearfield.

    Branch Applications

    De Novo Branches

    Date Name and Location of ApplicantLocation of Branch Action
    4-24-2013 Noah Bank
    Elkins Park
    Philadelphia County
    38 West 32nd Street
    New York
    New York
    Approved

    Branch Relocations

    Date Name and Location of ApplicantLocation of Branch Action
    4-26-2013 Royal Bank America
    Narberth
    Montgomery County
    To: 1230 Walnut Street
    Philadelphia
    Philadelphia County
    Filed
    From: 30 South 15th Street
    Philadelphia
    Philadelphia County

    Branch Discontinuances

    DateName and Location of ApplicantLocation of Branch Action
    4-19-2013 Firstrust Savings Bank
    Conshohocken
    Montgomery County
    111 South Independence Mall East
    Philadelphia
    Philadelphia County
    Closed

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    No activity.

     The Department's web site at www.dobs.state.pa.us includes public notices for more recently filed applications.

    GLENN E. MOYER, 
    Secretary

    [Pa.B. Doc. No. 13-874. Filed for public inspection May 10, 2013, 9:00 a.m.]

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