906 Action on applications

DEPARTMENT OF BANKING

Action on Applications

[34 Pa.B. 2715]

   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 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 11, 2004.

BANKING INSTITUTIONS

Holding Company Acquisitions

Date	Name of Corporation		Location	Action
5-11-04	National Penn Bancshares, Inc.,    Boyertown, to acquire 100% of    the voting shares of Peoples    First, Inc., Oxford, and so    indirectly acquire The Peoples    Bank of Oxford, Oxford		Boyertown	Approved

Mutual Holding Company Reorganization

Date	Name of Corporation		Location	Action
5-11-04	Beneficial Mutual Savings Bank Philadelphia Philadelphia County		Philadelphia	Approved
	Application represents reorganization in a mutual holding company to be known as Beneficial Savings Bank MHC.

Branch Applications

Date	Name of Bank		Location	Action
5-3-04	Embassy Bank for the Lehigh Valley Bethlehem		4140 West Tilghman Street Allentown Lehigh County	Opened
5-4-04	NOVA Savings Bank Philadelphia Philadelphia County		1235 Westlake Drive Berwyn Chester County	Filed
5-4-04	NOVA Savings Bank Philadelphia Philadelphia County		31-33 Lincoln Highway Malvern Chester County	Filed
5-5-04	Community Banks Millersburg Dauphin County		500 North Main Street Spring Grove York County	Filed
5-10-04	Indiana First Savings Bank Indiana Indiana County		915 Route 22 Highway West Blairsville Burrell Township Indiana County	Approved
5-10-04	Citizens Bank of Pennsylvania Philadelphia Philadelphia County		Acme 501 East Evesham Road Runnemede Camden County, NJ	Approved
5-10-04	Citizens Bank of Pennsylvania Philadelphia Philadelphia County		Acme 175 Route 70 Medford Burlington County, NJ	Approved
5-10-04	Citizens Bank of Pennsylvania Philadelphia Philadelphia County		Acme 531 High Street Mt. Holly Burling County, NJ	Approved
5-10-04	1st Summit Bank Johnstown Cambria County		Wal-Mart 150 Town Centre Drive Johnstown Richland Township Cambria County	Approved

Branch Relocations

Date	Name of Bank		Location	Action
5-3-04	Patriot Bank Pottstown Montgomery County	To:	3101 Shillington Road Sinking Spring Berks County	Effective
		From:	155 Shillington Road Sinking Spring Berks County

Branch Discontinuances

Date	Name of Bank		Location	Action
4-30-04	Northwest Savings Bank Warren Warren County		24 West Orange Street Lancaster Lancaster County	Effective
5-10-04	United Bank of Philadelphia Philadelphia Philadelphia County		2 Penn Center 15th and JFK Boulevard Philadelphia Philadelphia County	Approved

SAVINGS INSTITUTIONS

No activity.

CREDIT UNIONS

Articles of Amendment

Date	Name of Credit Union	Purpose		Action
5-11-04	Local #38 and Associates    Credit Union Milton Northumberland County	Amendment to Article 1 provides for a change in corporate title to NU Community Credit Union.		Approved and Effective

A. WILLIAM SCHENCK, III,   
Secretary

[Pa.B. Doc. No. 04-906. Filed for public inspection May 21, 2004, 9:00 a.m.]