1117 Action on applications

DEPARTMENT OF BANKING

Action on Applications

[27 Pa.B. 3428]

   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 July 1, 1997.

BANKING INSTITUTIONS

Charter Applications

Date	Name of Bank		Location	Action
6-26-97	Penncore Phantom Saving Bank Newtown Bucks County		Newtown	Approved
	Application to charter an interim bank will be used to facilitate the acquisition of Commonwealth State Bank, Newtown, by ML Bancorp, Inc., Villanova.
6-26-97	New Century Bank Phoenixville Chester County		Pikeland Village Square Route 113 and Pothouse Road Phoenixville Chester County	Commenced Operations

Consolidations, Mergers and Absorptions

Date	Name of Bank		Location	Action
6-9-97	Johnstown Bank and Trust Company Johnstown Cambria County		Johnstown	Effective
	Purchase of assets/assumption of liabilities of three branches of National City Bank of Pennsylvania, Pittsburgh, located at:
	210 East Main Street Everett Bedford County		102 North Grant Street Salisbury Somerset County
	229 Main Street Meyersdale Somerset County
6-25-97	Three Rivers Bank and Trust    Company,    Jefferson Borough, and Community    Savings Bank, Monroeville    Surviving Institution--Three Rivers    Bank and Trust Company, Jefferson    Borough		Jefferson Borough	Approved
6-30-97	Sun Bank, Selinsgrove, and Bucktail    Bank and Trust Company,    Emporium    Surviving Institution--Sun Bank,    Selinsgrove		Selinsgrove	Effective
	All offices of Bucktail Bank and Trust Company, will become branch offices of Sun Bank, including the former main office:
	2 East Fourth Street Emporium Cameron County
6-30-97	Chambersburg Trust Company,    Chambersburg, and First National    Bank and Trust Company,    Waynesboro    Surviving Institution--    Chambersburg Trust Company,    Chambersburg		Chambersburg	Filed
6-30-97	Penncore Phantom Savings Bank,    Newtown, and Commonwealth State    Bank, Newtown    Surviving Institution--Penncore    Phantom Savings Bank, Newtown		Newtown	Filed
	Subject application will be used to facilitate the acquisition of Commonwealth State Bank, Newtown, by ML Bancorp, Inc., Villanova.

Branch Applications

Date	Name of Bank		Location	Action
6-25-97	Ambassador Bank of the    Commonwealth Allentown Lehigh County		1605 West Broad St. Bethlehem Lehigh County	Approved
6-25-97	FirstService Bank Lansdale Montgomery County		320 West Street Road Warminster Bucks County	Approved
6-25-97	Prime Bank Philadelphia Philadelphia County		661 West Germantown Pike Plymouth Meeting Montgomery County	Filed
6-30-97	Standard Bank, PaSB Murrysville Westmoreland County		WalMart Store Routes 819 and 119 Mt. Pleasant Westmoreland County	Approved

Branch Consolidations

Date	Name of Bank		Location	Action
6-6-97	Summit Bank Bethlehem Northampton County	To:	29 East Third St. Bethlehem Northampton County	Effective
		From:	Lehigh University University Center Bethlehem Northampton County

Branch Discontinuances

Date	Name of Bank		Location	Action
6-25-97	Wayne Bank Honesdale Wayne County		Jackson Street Thompson Susquehanna County	Approved
6-30-97	First Lehigh Bank Walnutport Northampton County		1448 West Broad St. Quakertown Bucks County	Filed

Articles of Amendment

Date	Name of Bank	Purpose		Action
6-26-97	The Glen Rock State Bank Glen Rock York County	To provide for an increase in authorized capital From: $2,000,000 divided into 1,000,000 shares of the par value of $2.00 each; To: $4,000,000 divided into 2,000,000 shares of the par value of $2.00 each.		Approved and Effective

SAVINGS ASSOCIATIONS

No activity.

CREDIT UNIONS

Articles of Amendment

Date	Name of Credit Union	Purpose		Action
6-26-97	Scranton Federal Employees    Credit Union Scranton Lackawanna County	To provide for a change in corporate title to ''First Credit Union of Scranton.''		Approved Effective 6-27-97

RICHARD C. RISHEL,   
Secretary

[Pa.B. Doc. No. 97-1117. Filed for public inspection July 11, 1997, 9:00 a.m.]