1016 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [26 Pa.B. 2926]

       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 June 11, 1996.

    BANKING INSTITUTIONS

    Bank Holding Company Acquisitions

    DateName of CorporationLocationAction
    6-5-96ExecuFirst Bancorp, Inc.,
       Philadelphia to acquire
       100% of the voting shares
       of Republic Bancorporation, Inc.,
       Philadelphia, with a change in
       corporate title to ''First
       Republic Bancorp, Inc.''
    PhiladelphiaApproved
    Effective
    6-7-96

    Consolidations, Mergers and Absorptions

    DateName of BankLocationAction
    6-5-96Republic Bank, Philadelphia,
       and First Executive Bank,
       Philadelphia
       surviving institution--
       Republic Bank, Philadelphia,
       with a change in corporate
       title to ''First Republic Bank''
    PhiladelphiaApproved
    Effective
    6-7-96
    All branches of First Executive Bank will become branches of First Republic Bank, including the former main office as follows:
    1513 Walnut Street
    Philadelphia
    Philadelphia County
    6-6-96Farmers First Bank, Lititz,
       and Spring Grove National
       Bank, Spring Grove
       surviving institution--
       Farmers First Bank, Lititz
    LititzEffective
    Branches Acquired:
    10 South Main Street
    Spring Grove
    York County
    2305 Susquehanna
       Trail North
    York
    York County
    1000 Hanover Road
    York
    York County

    Branch Applications

    DateName of BankLocationAction
    5-31-96Financial Trust Company
    Carlisle
    Cumberland County
    1 Forge Road
    Boiling Springs
    S. Middleton Twp.
    Cumberland County
    Opened
    6-7-96Northwest Savings Bank
    Warren
    Warren County
    117 N. Allegheny St.
    Bellefonte
    Centre County
    Filed
    6-11-96East Penn Bank
    Emmaus
    Lehigh County
    6890 Hamilton Blvd.
    Trexlertown
    Lehigh County
    Approved
    6-11-96Jefferson Bank
    Haverford
    Montgomery County
    580 W. Germantown Pike
    Plymouth Meeting
    Montgomery County
    Filed

    Branch Discontinuances

    DateName of BankLocationAction
    5-18-96Chambersburg Trust Company
    Chambersburg
    Franklin County
    128 E. Queen St.
    Chambersburg
    Franklin County
    Effective
    6-6-96Dauphin Deposit Bank and
       Trust Company
    Harrisburg
    Dauphin County
    3570 Hamilton Blvd.
    Dorneyville
    South Whitehall Twp.
    Lehigh County
    Filed

    Articles of Amendment

    DateName of BankPurposeAction
    6-7-96Woodlands Bank
    Williamsport
    Lycoming County
    To provide for Article Third of the Articles of
    Incorporation to be restated in its entirety to
    reflect full fiduciary powers.
    Approved
    and
    Effective

    SAVINGS ASSOCIATIONS

    Consolidations, Mergers and Absorptions

    DateName of AssociationLocationAction
    6-6-96Keystone Savings and Loan
       Association, Philadelphia;
    Hometown Building and Loan
    Association, Philadelphia;
    and Wayne Junction Savings
    Association, Ambler
    surviving institution--
    Keystone Savings and Loan
    Association, Philadelphia
    PhiladelphiaFiled

    CREDIT UNIONS

    No activity.

    RICHARD C. RISHEL,   
    Secretary

    [Pa.B. Doc. No. 96-1016. Filed for public inspection June 21, 1996, 9:00 a.m.]

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