725 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [26 Pa.B. 2101]

       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 April 23, 1996.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of CorporationLocationAction
    4-9-96CoreStates Financial Corp.,
       Philadelphia, to acquire
       100% of the voting shares
       of Meridian Bancorp, Inc.,
       Reading
    PhiladelphiaEffective

    Consolidations, Mergers and Absorptions

    DateName of BankLocationAction
    4-19-96Harris Savings Bank,
       Harrisburg, and First
       Federal Savings and Loan
       Association of Harrisburg,
       Harrisburg,
       surviving institution--
       Harris Savings Bank, Harrisburg
    HarrisburgEffective
    Branches Acquired:
    31st and Market St.
    Camp Hill
    Cumberland County
    526 S. 29th Street
    Harrisburg
    Dauphin County
    Camp Hill Shopping Mall
    Camp Hill
    Cumberland County
    2019 Linglestown Road
    Harrisburg
    Dauphin County
    Silver Springs Common
    Mechanicsburg
    Cumberland County
    114 W. Chocolate Ave.
    Hershey
    Dauphin County

    Branch Applications

    DateName of BankLocationAction
    4-17-96Farmers & Merchants
       Trust Company
    Chambersburg
    Franklin County
    Menno Haven
       Penn Hall Retirement
       Community
    1425 Philadelphia Ave.
    Chambersburg
    Franklin County
    Approved
    4-19-96Old Forge Bank
    Old Forge
    Lackawanna County
    540 Main Street
    Peckville
    Lackawanna County
    Filed
    4-19-96First Sterling Bank
    Devon
    Chester County
    Northeast Corner of
       State and Jackson Sts.
    Media
    Delaware County
    Filed

    Branch Discontinuances

    DateName of BankLocationAction
    4-18-96Northern Central Bank
    Williamsport
    Lycoming County
    100 S. Henry St.
    South Waverly
    Bradford County
    Filed

    SAVINGS ASSOCIATIONS

    Branch Applications

    DateName of AssociationLocationAction
    2-1-96ADP Savings Association
    Allentown
    Lehigh County
    1400 Montefino Ave.
    Diamond Bar
    Los Angeles County
    California
    Opened
    3-21-96Washington Savings Association
    Philadelphia
    Philadelphia County
    10663 Bustleton Ave.
    Philadelphia
    Philadelphia County
    Opened

    CREDIT UNIONS

    Articles of Amendment

    DateName of Credit UnionPurposeAction
    4-19-96C.H.E. Credit Union
    Chambersburg
    Franklin County
    To provide for a change in corporate title to ''Community of Healthcare Employees Credit
    Union.''
    Approved
    and
    Effective

    RICHARD C. RISHEL,   
    Secretary

    [Pa.B. Doc. No. 96-725. Filed for public inspection May 3, 1996, 9:00 a.m.]

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