1178 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [35 Pa.B. 3430]

       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 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 7, 2005.

    BANKING INSTITUTIONS

    Mutual Holding Company Reorganization

    DateName of CorporationLocationAction
    6-1-05North Penn Bank
    Scranton
    Lackawanna County
    ScrantonEffective
    Represents reorganization into a mutual holding company to be known as North Penn Mutual Holding Company, Scranton, PA, a newly formed Pennsylvania mutual holding company and 100% owner of North Penn Bancorp, Inc., Scranton, PA, a newly formed Pennsylvania stock holding company. North Penn Bank will be a wholly owned subsidiary of North Penn Bancorp, Inc.

    Conversions

    DateName of BankLocationAction
    6-1-05North Penn Bank
    Scranton
    Lackawanna County
    ScrantonEffective
    Represents conversion from a State-chartered mutual savings bank to a State-chartered stock savings bank in conjunction with the reorganization into a mutual form of ownership listed previously.
    6-1-05The First National Bank of Canton
    Canton
    Bradford County
             To:
    Bank of Canton
    Canton
    Bradford County
    CantonFiled
    Application represents conversion from a National association to a Pennsylvania State-chartered commercial bank.
    6-3-05Vartan National Bank
    Harrisburg
    Dauphin County
             To:
    Vartan Bank
    Harrisburg
    Dauphin County
    HarrisburgApplication Withdrawn
    Application was for the conversion of the previously mentioned bank from a National banking association to a Pennsylvania State-chartered bank.

    Branch Applications

    DateName of BankLocationAction
    10-24-03Earthstar Bank
    Southampton
    Bucks County
    48 West Skippack Pike
    Broad Axe
    Whitpain Township
    Montgomery County
    Opened
    6-6-05Bucks County Bank
    Doylestown
    Bucks County
    2084 Street Road
    Bensalem
    Bucks County
    Filed
    6-6-05Northwest Savings Bank
    Warren
    Warren County
    Route 228
    Commercial Center
    Cranberry Township
    Butler County
    Filed

    Branch Relocations

    DateName of BankLocationAction
    6-1-05Northwest Savings Bank
    Warren
    Warren County
    To:200 West Beaver Avenue
    State College
    Centre County
    Filed
    From:201 West Beaver Avenue
    State College
    Centre County

    Branch Discontinuances

    DateName of BankLocationAction
    5-27-05The Legacy Bank
    Harrisburg
    Dauphin County
    140 Can-Do Expressway
    Hazleton
    Luzerne County
    Effective
    6-1-05First Commonwealth Bank
    Indiana
    Indiana County
    511 Pine Grove Road
    State College
    Centre County
    Filed

    Articles of Amendment

    Date Name of BankPurposeAction
    6-1-05CNB Community Bank
    Clarion
    Clarion County
    Amendment to Article 1 of the Articles of Incorporation provides for a change in corporate title from CNB Community Bank to Clarion County Community Bank.Approved and Effective

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    No activity.

    A. WILLIAM SCHENCK, III,   
    Secretary

    [Pa.B. Doc. No. 05-1178. Filed for public inspection June 17, 2005, 9:00 a.m.]

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