839 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [36 Pa.B. 2292]

       The Department of Banking, 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 May 2, 2006.

    BANKING INSTITUTIONS

    Section 112 Applications

    DateName of CorporationLocationAction
    4-21-06Linlo Investment, LP, Lemoyne, to acquire an additional 39,000 shares
    of common stock of Community Financial, Inc., Camp Hill
    LemoyneFiled

    Bank Holding Company Reorganizations

    DateName of BankLocationAction
    4-28-06Berkshire Bank, Wyomissing and Berkshire Interim Bank, Wyomissing
    Surviving Institution--
    Berkshire Bank, Wyomissing
    WyomissingFiled
    Application to merger being filed to facilitate the acquisition of Berkshire Bank, Wyomissing, by Berkshire Bancorp, Inc., a bank holding company in formation.

    Conversions

    DateName of BankLocationAction
    5-1-06Community First Bank,
    National Association
    Reynoldsville
    Jefferson County
    444 Main Street
    Reynoldsville
    Jefferson County
    Effective
          To:
    Community First Bank
    Reynoldsville
    Jefferson County
    Represents conversion from a National banking association to a Pennsylvania State-chartered
    commercial bank. Community First Bancorp, Inc., Reynoldsville, is the parent holding company of Community First Bank.
    Branch Acquired By Conversion:
    101 Sykes Street
    Sykesville
    Jefferson County

    Absorptions, Mergers and Consolidations

    DateName of BankLocationAction
    4-28-06Republic First Bank, Philadelphia, PA, and Republic First Bank of New Jersey, Voorhees, NJ
    Surviving Institution--
    Republic First Bank,
    Philadelphia, PA
    PhiladelphiaFiled
    Application is being filed to facilitate the expansion of operations of Republic First Bank into the State of New Jersey by chartering as a subsidiary, Republic First Bank of New Jersey, a new New Jersey commercial bank.

    Branch Applications

    DateName of BankLocationAction
    4-21-06Berkshire Bank
    Wyomissing
    Berks County
    350 East Bellevue Avenue
    Muhlenberg Township
    Berks County
    Opened

    Branch Relocations

    DateName of BankLocationAction
    4-26-06Parkvale Savings Bank
    Monroeville
    Allegheny County
    To:401 Ninth Street
    New Kensington
    Westmoreland County
    Filed
    From:931 Fifth Avenue
    New Kensington
    Westmoreland County

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    Articles of Amendment

    DateName of Credit UnionPurposeAction
    4-28-06New Life Community
    Development Credit Union
    Philadelphia
    Philadelphia County
    To amend Paragraph 8 by adding the following underlined language: ''The membership of the low income community development credit union will be limited to individuals who reside, work or gather regularly within the following boundaries beginning at 48th & Baltimore Avenue, continuing west to Cobbs Creek Parkway/63rd Street, continuing north to 63rd & Lancaster Avenue, continuing northeast to Monument Road, continuing northeast to Conshohocken Avenue, continuing east to West River Drive, continuing southwest to Montgomery Drive, continuing southwest to Belmont Avenue, continuing southeast to Girard Avenue, continuing southwest to 48th Street, continuing south back to 48th & Baltimore Avenue; and to individuals who live and work within these boundaries, businesses owned by these individuals, and businesses that operate within said boundaries.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. 06-839. Filed for public inspection May 12, 2006, 9:00 a.m.]

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