1126 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [31 Pa.B. 3318]

       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 12, 2001.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of Corporation LocationAction
    6-6-01Promistar Financial, Johnstown,
       to acquire 100% of the voting
    shares of FNH Corporation, Irwin
     JohnstownApproved
    6-11-01Community Financial, Inc.,
       Camp Hill, to acquire 100% of
    the shares of common stock of
    Community Trust Company, Camp Hill
     Camp HillFiled
    6-12-01Franklin Financial Services
       Corporation, Chambersburg, to
    acquire up to 15.8% of the
    common stock and warrants of
    American Home Bank, National
    Association, Lancaster
     ChambersburgApproved

    Consolidations, Mergers and Absorptions

    DateName of Bank LocationAction
    6-4-01Sun Bank
    Selinsgrove
    Snyder County
     SelinsgroveEffective
    Purchase of assets/assumption of
    liabilities of two branches of
    Mellon Bank, N.A., Pittsburgh,
    Located At:
    Bellefonte Ave. and
       East Church Street
    Lock Haven
    Clinton County
      
     
     
     
    349 Main Street
    Mill Hall
    Clinton County
    6-6-01Promistar Bank, Johnstown,
       and First National Bank
    of Herminie, Herminie
    Surviving Institution--
    Promistar Bank, Johnstown
     JohnstownApproved
    6-8-01Fulton Bank
    Lancaster
    Lancaster County
     LancasterEffective
    Purchase of assets/assumption of
    liabilities of one branch of
    Sovereign Bank, Wyomissing
    Located At:
    863 East Baltimore Pike
    Kennett Square
    Chester County

    Branch Applications

    DateName of Bank LocationAction
    6-4-01Harleysville Savings Bank
    Harleysville
    Montgomery County
     640 E. Main Street
    Lansdale
    Montgomery County
    Opened
    6-8-01Pennsylvania State Bank
    Camp Hill
    Cumberland County
     6480 Carlisle Pike
    Mechanicsburg
    Cumberland County
    Authorization
    Rescinded
    6-11-01Somerset Trust Company
    Somerset
    Somerset County
     Giant Eagle
    344 Goucher St.
    Johnstown
    Cambria County
    Approved
    6-12-01Northwest Savings Bank
    Warren
    Warren County
     108 Washington
       Towne Boulevard
    Edinboro
    Erie County
    Filed

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    Consolidations, Mergers and Absorptions

    DateName of Credit Union LocationAction
    6-6-01Freedom Credit Union,
       Philadelphia, and
    Braceland Federal Credit
    Union, Philadelphia
    Surviving Institution--
    Freedom Credit Union,
    Philadelphia
     PhiladelphiaEffective
    6-11-01Witco Credit Union, Petrolia,
       and Penacol Federal Credit
    Union, Petrolia
    Surviving Institution--
    Penacol Federal Credit
    Union, Petrolia
     PetroliaApproved

    JAMES B. KAUFFMAN, Jr.,   
    Secretary

    [Pa.B. Doc. No. 01-1126. Filed for public inspection June 22, 2001, 9:00 a.m.]

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