1015 Action on applications

DEPARTMENT OF BANKING

Action on Applications

[29 Pa.B. 3222]

   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 15, 1999.

BANKING INSTITUTIONS

Holding Company Acquisitions

Date	Name of Corporation		Location	Action
6-10-99	Penn Laurel Financial Corp., Curwensville, to acquire 100% of the voting shares of Clearfield Bank & Trust Company, Clearfield		Curwensville	Approved
6-14-99	BT Financial Corporation, Johnstown, to acquire 100% of the voting shares of First Philson Financial Corporation, Berlin		Johnstown	Approved

New Charter Applications

Date	Name of Bank		Location	Action
6-9-99	Asian Bank Philadelphia Philadelphia County		1008 Arch Street Philadelphia Philadelphia County	Commenced Operations
	Asian Bank, is a wholly-owned subsidiary of Asian Financial Corp., Philadelphia, a new bank holding company.
6-10-99	The Legacy Bank of Harrisburg Harrisburg Dauphin County		2600 Commerce Drive Harrisburg Dauphin County	Approved

Consolidations, Mergers and Absorptions

Date	Name of Bank		Location	Action
6-14-99	Laurel Bank, Johnstown and First Philson Bank, N.A., Berlin Surviving Institution-- Laurel Bank, Johnstown		Johnstown	Approved

Branch Applications

Date	Name of Bank		Location	Action
6-2-99	Main Street Bank Reading Berks County		50 West Market Street West Chester Chester County	Opened
6-5-99	Main Street Bank Reading Berks County		102 Pennsylvania Ave. Avondale Chester County	Opened
6-7-99	Beneficial Mutual    Savings Bank Philadelphia Philadelphia County		Five Points Plaza Shopping Center 640 Cowpath Road Montgomeryville Montgomery County	Opened
6-10-99	Sun Bank Selinsgrove Snyder County		Route 15 & Route 45 Lewisburg Union County	Approved
6-10-99	Harris Savings Bank Harrisburg Dauphin County		Wertzville Road and    Center Street Enola East Pennsboro Twp. Cumberland County	Approved
6-10-99	Merchants Bank of    Pennsylvania Shenandoah Schuylkill County		810 McNair Street Hazleton Luzerne County	Filed
6-10-99	Bank of Hanover and    Trust Company Hanover York County		2215 E. Market St. York York County	Approved
6-10-99	Northwest Savings Bank Warren Warren County		1903 Hubbard Road North Madison Lake County, Ohio	Opened
6-11-99	Harris Savings Bank Harrisburg Dauphin County		1515 DeKalb Pike Blue Bell Whitpain Township Montgomery County	Opened
6-14-99	East Penn Bank Emmaus Lehigh County		861 North Route 100 Upper Macungie Twp. Lehigh County	Approved
6-14-99	First Liberty Bank & Trust Jermyn Lackawanna County		910 Commerce Avenue Dickson City Lackawanna County	Approved
6-14-99	Jefferson Bank Haverford Montgomery County		11725 Bustleton Avenue Philadelphia Philadelphia County	Filed

Branch Relocations/Consolidations

Date	Name of Bank		Location	Action
6-10-99	Southwest Bank Greensburg Westmoreland County	Into:	5 Fourth Street Youngwood Westmoreland County	Approved
		From:	Route 119 South Greensburg Westmoreland County
6-10-99	Southwest Bank Greensburg Westmoreland County	Into:	331 East Sixth Avenue Tarentum Allegheny County	Approved
		From:	1121 Brackenbridge Avenue Brackenbridge Allegheny County
6-10-99	First Liberty Bank & Trust Jermyn Lackawanna County	To:	Route 435 Moscow Lackawanna County	Approved
		From:	Route 502 Moscow Lackawanna County

Articles of Amendment

Date	Name of Bank		Purpose	Action
6-14-99	American Bank of the    Lehigh Valley Allentown Lehigh County		To amend Article First which provides for a change in corporate title to ''American Bank.''	Approved and Effective
6-14-99	Brentwood Savings Bank Pittsburgh Allegheny County		To amend Article First which provides for a change in corporate title to ''Brentwood Bank;'' and Article Second which provides for a change in the principal place of business to 411 McMurray Road, Bethel Park, Allegheny County, PA 15102.	Approved and Effective

SAVINGS ASSOCIATIONS

Branch Applications

Date	Name of Association		Location	Action
5-17-99	North Penn Savings & Loan Scranton Lackawanna County		651 Northern Boulevard Clarks Summit South Abington Twp. Lackawanna County	Opened

CREDIT UNIONS

Consolidations, Mergers and Absorptions

Date	Name of Credit Union		Location	Action
6-14-99	Philadelphia Telco Credit Union,    Trevose, and Air-Shields Employees Credit Union, Hatboro Surviving Institution-- Philadelphia Telco Credit Union, Trevose		Trevose	Effective

DAVID E. ZUERN,   
Secretary

[Pa.B. Doc. No. 99-1015. Filed for public inspection June 25, 1999, 9:00 a.m.]