981 Actions on applications  

  • DEPARTMENT OF BANKING AND SECURITIES

    Actions on Applications

    [46 Pa.B. 2977]
    [Saturday, June 11, 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 31, 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

    Branch Applications

    De Novo Branches

    Date Name and Location of Applicant Location of Branch Action
    5-24-2016 1st Summit Bank
    Johnstown
    Cambria County
    512 West High Street
    Ebensburg
    Cambria County
    Opened

    Branch Consolidations

    Date Name and Location of Applicant Location of Branch Action
    5-26-2016 ESSA Bank & Trust
    Stroudsburg
    Monroe County
    Into: 2826 Route 611
    Tannersville
    Monroe County
    Approved
    From: 2836 Route 611
    Tannersville
    Monroe County

    Articles of Amendment

    Date Name and Location of Institution Action
    5-31-2016 Stonebridge Bank
    West Chester
    Chester County
    Effective
    Amendment to Article 5 of the institution's Articles of Incorporation changes the par value of the common stock to $1 per share. The amendment also adds Section 5A which provides for a ten for one reverse stock split of the presently outstanding shares.

    CREDIT UNIONS

    Consolidations, Mergers and Absorptions

    Date Name and Location of Applicant Action
    5-27-2016 Postmark Credit Union
    Harrisburg
    Dauphin County
    Filed
    Application for approval to merge Postmark Credit Union, Harrisburg, PA, with and into Xceed Financial Credit Union, El Segundo, CA.

    Articles of Amendment

    Date Name and Location of Institution Action
    5-31-2016 PPL GOLD Credit Union
    Allentown
    Lehigh County
    Effective
    Amendment to Article 1 of the credit union's Articles of Incorporation changes their corporate title from PPL GOLD Credit Union to GOLD Credit Union.

     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. 16-981. Filed for public inspection June 10, 2016, 9:00 a.m.]

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