DEPARTMENT OF BANKING Action on Applications [31 Pa.B. 3961] 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 10, 2001.
BANKING INSTITUTIONS Holding Company Acquisitions Date Name of Corporation Location Action 7-1-01 Fulton Financial Corporation,
Lancaster, to acquire 100%
of outstanding shares of
Drovers Bancshares Corporation,
YorkLancaster Effective Consolidations, Mergers and Absorptions Date Name of Bank Location Action 7-2-01 First Star Savings Bank
Bethlehem
NorthamptonBethlehem Effective Purchase of assets/assumptions of
liabilities of one branch office
of Main Street Bank, Reading,
Located at:1430 Jacobsburg Road
Wind Gap
Plainfield Township
Northampton CountyBranch Applications Date Name of Bank Location Action 7-5-01 Northwest Savings Bank
Warren
Warren County108 Washington
Towne Boulevard
Edinboro
Erie CountyApproved 7-5-01 Minersville Safe Deposit
Bank & Trust Company
Minersville
Schuylkill County452 S. Lehigh St.
Frackville
Schuylkill CountyApproved Branch Discontinuances Date Name of Bank Location Action 7-2-01 The Drovers & Mechanics Bank
York
York County30 W. Patrick St.
Frederick
Frederick County
MarylandEffective Note: In conjunction with the acquisition of Drovers Bancshares Corporation, York, by Fulton Financial Corporation, Lancaster, the previously-noted branch office was sold to Hagerstown Trust Company, Hagerstown, MD, a Maryland state-chartered bank and a wholly-owned subsidiary of Fulton Financial Corporation. Articles of Amendment Date Name of Bank Purpose Action 7-6-01 Suburban Community Bank
Chalfont
Bucks CountyTo provide for the amendment
to Article Seventh which
provides for the elimi-
nation of cumulative voting
in the election of directors;
and the addition of Article
Tenth, permitting Board of
Directors' consideration of non-
economic factors in the evaluation
of various acquisition offers.Approved
and
EffectiveSAVINGS INSTITUTIONS No activity.
CREDIT UNIONS Articles of Amendment Date Name of Credit Union Purpose Action 7-10-01 North Districts Credit Union
Gibsonia
Allegheny CountyThe amendment to Article 1
provides for a change in
name to North Districts
Community Credit Union;
Amendment to Article 8
provides for a change in
the field of membership
(see following note).Approved
and
EffectiveThe subject Articles of Amendment were necessitated by the conversion of the credit union's charter from an ''occupational credit union'' to a ''community credit union.'' Said conversion was Approved by the Department of Banking on 7-6-01. Branch Applications Date Name of Credit Union Location Action 6-25-01 HVHS Credit Union
Sewickley
Allegheny County1000 Dutch Ridge Rd.
Beaver
Beaver CountyOpened JAMES B. KAUFFMAN, Jr.,
Secretary[Pa.B. Doc. No. 01-1312. Filed for public inspection July 20, 2001, 9:00 a.m.]
