988 Action on applications

DEPARTMENT OF BANKING

Action on Applications

[36 Pa.B. 2744]
[Saturday, June 3, 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 May 23, 2006.

BANKING INSTITUTIONS

Holding Company Acquisitions

Date	Name of Corporation		Location	Action
5-18-06	S & T Bancorp, Inc., Indiana, to acquire up to 24.99% of the outstanding shares of common stock of Allegheny Valley Bancorp, Inc., Pittsburgh, under section 112 of the Banking Code of 1965		Indiana	Approved
5-18-06	Centra Financial Holdings, Inc., Morgantown, WV, to acquire up to 81.3% of the outstanding shares of common stock of Smithfield State Bank of Smithfield, Smithfield, PA, under section 112 of the Banking Code of 1965		Morgantown, WV	Approved

Section 112 Applications

Date	Name of Individual		Location	Action
5-22-06	Gelt Holdings, Inc., Southampton, PA, to acquire up to 100% of the outstanding shares of common stock of Public Finance Services, Inc., Willow Grove, PA, and thereby indirectly acquire Public Savings Bank, Willow Grove, PA, under section 112 of the Banking Code of 1965		Southampton	Approved

Absorptions, Mergers and Consolidations

Date	Name of Bank		Location	Action
5-19-06	Maryland Permanent Bank & Trust Co., Owings Mills, MD, and Northwest Merger Subsidiary II, Inc., Warren, PA Surviving Institution-- Maryland Permanent Bank & Trust Co., Owings Mills, MD		Owings Mills, MD	Effective
	This merger being effected solely to facilitate the merger of Maryland Permanent Bank & Trust Co. with and into Northwest Savings Bank, Warren, PA.
	Northwest Savings Bank, Warren, PA, and Maryland Permanent Bank & Trust Co., Owings Mills, MD Surviving Institution-- Northwest Savings Bank, Warren, PA		Warren, PA	Effective
	Branches Acquired by Means of Merger:
	9612 Reisterstown Road Owings Mills Baltimore County, MD		7310 Ritchie Highway Glen Burnie Anne Arundel County, MD

Branch Applications

Date	Name of Bank		Location	Action
5-15-06	East Penn Bank Emmaus Lehigh County		502 State Road Emmaus Lehigh County	Opened
5-18-06	CommunityBanks Millersburg Dauphin County		1201 Carlisle Road West Manchester Township York County	Filed
5-18-06	Citizens Bank of Pennsylvania Philadelphia Philadelphia County		Shadyside Giant Eagle 5550 Centre Avenue Pittsburgh Allegheny County	Opened

SAVINGS INSTITUTIONS

No activity.

CREDIT UNIONS

Absorptions, Mergers and Consolidations

Date	Name of Credit Union		Location	Action
5-22-06	White Rose Credit Union, York, and Flinchbaugh Credit Union, Red Lion Surviving Institution-- White Rose Credit Union, York		York	Approved
5-22-06	Incol Credit Union, Old Forge, and Wilkes-Barre Newspapers Federal Credit Union, Kingston Surviving Institution-- Incol Credit Union, Old Forge		Old Forge	Approved

Articles of Amendment

Date	Name of Credit Union		Purpose	Action
5-23-06	PPL G.O.L.D. Credit Union Allentown Lehigh County		To amend Article 1 of the Articles of Incorporation to provide for a change in corporate title from PPL G.O.L.D. Credit Union to PPL GOLD Credit Union.	Effective

   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. 06-988. Filed for public inspection June 2, 2006, 9:00 a.m.]