1130 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [30 Pa.B. 3269]

       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 20, 2000.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of Corporation LocationAction
    6-14-00Fidelity Bancorp, Inc.,
       Pittsburgh, to acquire 100% of the voting shares of Pennwood Bancorp, Inc., Pittsburgh
     PittsburghApproved
    6-15-00M&T Bank Corporation, Buffalo,
       New York, and Olympia Financial Corp., a wholly-owned subsidiary of M&T, to acquire 100% of Keystone Financial, Inc., Harrisburg, Pennsylvania, and thereby indirectly acquire Keystone Financial Bank, N.A., Harrisburg
     Buffalo, NYFiled
    6-19-00Penns Woods Bancorp, Inc.,
       Jersey Shore, to acquire up to 19.9% of the voting shares of Columbia Financial Corporation, Bloomsburg
     Jersey ShoreFiled

    Conversions

    DateName of Institution LocationAction
    6-14-00Chelten Hills Savings
       Association
    Abington
    Montgomery County
             To:
    Chelten Hills Savings Bank
    Abington
    Montgomery County
     AbingtonFiled
    Application represents conversion from a State-chartered mutual savings association to a State-chartered mutual savings bank.

    Consolidations, Mergers and Absorptions

    DateName of Bank LocationAction
    6-14-00Fidelity Savings Bank,
       Pittsburgh, and Pennwood Savings Bank, Pittsburgh
    Surviving Institution--Fidelity Savings Bank, Pittsburgh
     PittsburghApproved
    6-14-00Port Richmond Savings,
       Philadelphia, and Jozef Poniatowski Building & Loan Association, Philadelphia
    Surviving Institution--Port Richmond Savings, Philadelphia
     PhiladelphiaApproved
    6-20-00Somerset Trust Company, Somerset,
       and Somerset Interim Bank, Somerset
    Surviving Institution--Somerset Trust Company, Somerset
     SomersetApproved
    The merger is being effected solely to effect the acquisition of Somerset Trust Company by Somerset Trust Holding Company, a bank holding company in organization.

    Branch Applications

    DateName of Bank LocationAction
    6-12-00Jonestown Bank &
       Trust Company
    Jonestown
    Lebanon County
     Lebanon Valley
       Brethren Home
    1200 Grubb Road
    Palmyra
    Lebanon County
    (Limited Service Facility)
    Opened
    6-16-00Summit Bank
    Bethlehem
    Northampton County
     Pathmark Supermarket
    8700 Frankford Ave.
    Philadelphia
    Philadelphia County
    Opened
    6-19-00Wayne Bank
    Honesdale
    Wayne County
     Lords Valley Plaza
    Route 729
    Blooming Grove Twp.
    Pike County
    Approved
    6-19-00Harleysville Savings Bank
    Harleysville
    Montgomery County
     640 East Main St.
    Lansdale
    Montgomery County
    Approved
    6-19-00The Peoples State Bank
    East Berlin
    Adams County
     Intersection of
       U. S. Route 30 &
       Lincoln Street
    New Oxford
    Adams County
    Approved
    6-19-00Wilmington Trust of
       Pennsylvania
    West Chester
    Chester County
     116 East Court St.
    Doylestown
    Bucks County
    Approved
    6-19-00Wilmington Trust of
       Pennsylvania
    West Chester
     2 West Market St.
    West Chester
    Chester County
    Approved
    6-19-00Peoples Home Savings Bank
    Beaver Falls
    Beaver County
     101 Golfview Drive
    Center Township
    Beaver County
    Filed
    6-20-00S & T Bank
    Indiana
    Indiana County
     820 South Aiken Ave.
    Pittsburgh
    Allegheny County
    Approved
    6-20-00S & T Bank
    Indiana
    Indiana County
     Messenger Service to be operated
       within a 5-mile radius of the 820
       South Aiken Avenue, Pittsburg,
       Branch.
    Approved
    6-30-00Premier Bank
    Doylestown
    Bucks County
     2100 Street Road
    Bensalem
    Bucks County
    Filed

    Branch Relocations

    DateName of Bank LocationAction
    6-19-00Northwest Savings Bank
    Warren
    Warren County
    To:39 S. St. Marys St.
    St. Marys
    Elk County
    Approved
    From:201 Brusselles St.
    St. Marys
    Elk County
    6-20-00Pennview Savings Bank
    Souderton
    Montgomery County
    To:500 Harleysville Pk.
    Harleysville
    Montgomery County
    Approved
    From:503 Harleysville Pike
    Harleysville
    Montgomery County

    SAVINGS INSTITUTIONS

       No activity.

    CREDIT UNIONS

       No activity.

    DAVID E. ZUERN,   
    Secretary

    [Pa.B. Doc. No. 00-1130. Filed for public inspection June 30, 2000, 9:00 a.m.]

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