825 Actions on applications  

  • DEPARTMENT OF BANKING AND SECURITIES

    Actions on Applications

    [46 Pa.B. 2426]
    [Saturday, May 14, 2016]

     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 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 May 3, 2016.

     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

    DateName and Location of Applicant Action
    5-2-2016Stonebridge Bank
    West Chester
    Chester County
    Filed
    Application by Gordon Ray Denlinger, Anthony H. Hahn and Norman G. Hahn to acquire 100% of the common stock of Stonebridge Bank, West Chester, PA.

    Holding Company Acquisitions

    Date Name and Location of Applicant Action
    4-30-2016 Emclaire Financial Corporation
    Emlenton
    Venango County
    Effective
    Application for approval to acquire 100% of United-American Savings Bank, Pittsburgh. As a result of the acquisition, United-American Savings Bank was merged into The Farmers National Bank of Emlenton, Emlenton, and has ceased regulation by the Department.

    Consolidations, Mergers and Absorptions

    Date Name and Location of Applicant Action
    4-30-2016 United-American Savings Bank
    Pittsburgh
    Allegheny County
    Effective
    Merger of U-A Interim National Association, Emlenton, with and into United-American Savings Bank, Pittsburgh.

    Branch Applications

    De Novo Branches

    Date Name and Location of Applicant Location of Branch Action
    4-28-2016 Compass Savings Bank
    Wilmerding
    Allegheny County
    87 Rocky Road
    Irwin
    Westmoreland County
    Withdrawn

    CREDIT UNIONS

    Consolidations, Mergers and Absorptions

    Date Name and Location of Applicant Action
    5-2-2016 Hidden River Credit Union
    Pottsville
    Schuylkill County
    Effective
    Merger of Schuylkill Federal Credit Union, Pottsville, with and into Hidden River Credit Union, Pottsville.
    As a result of the merger, the sole office of Schuylkill Federal Credit Union, located at the following address, became a branch office of Hidden River Credit Union:
    101 East Union Street
    Pottsville
    Schuylkill County

    Change of Principal Place of Business

    Date Name and Location of Institution Address Action
    5-2-2016 TruMark Financial Credit Union
    Trevose
    Bucks County
    To:335 Commerce Drive
    Fort Washington
    Montgomery County
    Effective
    From:1000 Northbrook Drive
    Trevose
    Bucks County

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

    ROBIN L. WIESSMANN, 
    Secretary

    [Pa.B. Doc. No. 16-825. Filed for public inspection May 13, 2016, 9:00 a.m.]

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