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 [phone]. 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.]