1075 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [36 Pa.B. 2987]
    [Saturday, June 17, 2006]

       The Department of Banking (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 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 9, 2002 (P. L. 1572, No. 207), known as the Credit Union Code, has taken the following action on applications received for the week ending June 6, 2006.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of Corporation LocationAction
    5-31-06Tower Bancorp, Inc., Greencastle,
    to acquire 100% of the voting
    shares of FNB Financial
    Corporation, McConnellsburg,
    and thereby indirectly acquiring
    The First National Bank of
    McConnellsburg, McConnellsburg
    Greencastle Effective

    New Charter Applications

    DateName of Bank LocationAction
    6-6-06Unity Bank Pennsylvania
    Forks Township
    Northampton County
    Forks TownshipFiled
    Application being filed solely to facilitate the ability of Unity Bank, a New Jersey chartered bank, to establish a branch office in this Commonwealth.
    Correspondent:
    Robert A. Schwartz, Esq.
    Windels Marx Lane & Mittendorf, LLP
    120 Albany Street
    New Brunswick, NJ 08901

    Section 112 Applications

    DateName of Bank LocationAction
    6-1-06Paul J. Coviello, to acquire
    shares of common stock of
    Landmark Community Bank,
    Pittston, which will result
    in greater than 10% ownership
    of the bank, under section
    112 of the Banking Code
    of 1965
    ScrantonFiled

    Conversion Applications

    DateName of Bank LocationAction
    6-2-06Compass Federal Saving Bank
    Wilmerding
    Allegheny County
       To:
    Compass Savings Bank
    Wilmerding
    Allegheny County
    111 Westinghouse
       Avenue
    Wilmerding
    Allegheny County
    Effective
    Represents conversion from a Federally-chartered mutual savings bank to a State-chartered mutual savings bank.

    Branch Applications

    DateName of Bank LocationAction
    6-1-06Peoples State Bank of Wyalusing
    Wyalusing
    Bradford County
    205 West Lockhart Street
    Sayre
    Bradford County
    Filed

    Branch Relocations

    DateName of Bank LocationAction
    6-2-06Fidelity Savings Bank
    Pittsburgh
    Allegheny County
    To:100 Broadway Street
    Carnegie
    Allegheny County
    Effective
    From:17 West Main Street
    Carnegie
    Allegheny County

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    Absorptions, Mergers and Consolidations

    DateName of Credit Union LocationAction
    5-31-06Incol Credit Union, Old Forge,
    and Wilkes-Barre Newspapers
    Federal Credit Union, Kingston
    Surviving Institution--
    Incol Credit Union, Old Forge
    Old ForgeEffective

       The Department's website at www.banking.state.pa.us includes public notices for more recently filed applications.

    A. WILLIAM SCHENCK, III,   
    Secretary

    [Pa.B. Doc. No. 06-1075. Filed for public inspection June 16, 2006, 9:00 a.m.]

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