1184 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [29 Pa.B. 3925]

       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 13, 1999.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of Institution LocationAction
    7-13-99Hudson United Bancorp,
       Union City, New Jersey,
    To acquire 100% of the
       voting shares of
       JeffBanks, Inc.,
       Philadelphia, Pennsylvania
    Union City, NJFiled

    New Charter Applications

    DateName of Bank LocationAction
    7-1-99Susquehanna Trust &
       Investment Company
    Lititz
    Lancaster County
    26 N. Cedar St.
    Lititz
    Lancaster County
    Commenced
    Operations
    7-8-99Allegiance Bank of
       North America
    Bala Cynwyd
    Montgomery County
    One Belmont Avenue
    Bala Cynwyd
    Montgomery County
    Commenced

    Conversions

    DateName of BankLocationAction
    7-8-99Quaint Oak Building and
       Loan Association
    Southampton
    Bucks County
    607 Lakeside Dr.
    Southampton
    Bucks County
    Filed
          To:
    Quaint Oak Savings Bank
    Southampton
    Bucks County
    Application represents conversion from a State-chartered mutual savings association to a State-chartered mutual savings bank.
    7-9-99Croydon Building and
       Loan Association
    Croydon
    Bucks County
    704 State Road
    Croydon
    Bucks County
    Filed
          To:
    Croydon Savings Bank
    Croydon
    Bucks County
    Application represents conversion from a State-chartered mutual savings association to a State-chartered mutual savings bank.
    7-12-99Metropolitan Savings &
       Loan Association
    Pittsburgh
    Allegheny County
    4415 Butler Street
    Pittsburgh
    Allegheny County
    Effective
          To:
    Metropolitan Savings Bank
    Pittsburgh
    Allegheny County
    Represents conversion from a State-chartered mutual savings association to a State-chartered mutual savings bank.

    Consolidations, Mergers and Absorptions

    DateName of Bank LocationAction
    7-8-99First Bank of Philadelphia
       Philadelphia, and
       Pennsylvania Savings Bank,
       Philadelphia
       Surviving Institution--
       First Bank of Philadelphia,
       Philadelphia
    PhiladelphiaFiled
    7-8-99Clearfield Bank & Trust Company,
       Clearfield, and CSB Bank,
       Curwensville
       Surviving Institution--
       Clearfield Bank & Trust Company,
       Clearfield, with a change in
       corporate title to ''Penn Laurel
       Bank & Trust Company''
    ClearfieldFiled

    Branch Applications

    DateName of Bank LocationAction
    7-1-99First Liberty Bank & Trust
    Jermyn
    Lackawanna County
    New Bridge Center
    Third & Pierce Sts.
    Kingston
    Luzerne County
    Opened
    7-1-99Great Valley Savings Bank
    Reading
    Berks County
    The Highlands at
       Wyomissing
    2000 Cambridge Avenue
    Wyomissing
    Berks County
    Opened
    7-9-99Summit Bank
    Bethlehem
    Northampton County
    473 York Road
    Warminster
    Bucks County
    Approved
    7-12-99Jefferson Bank
    Haverford
    Montgomery County
    11725 Bustleton Ave.
    Philadelphia
    Philadelphia County
    Approved
    7-12-99Laurel Trust Company
    Johnstown
    Cambria County
    509 East Main Street
    Somerset
    Somerset County
    Filed

    Branch Relocations/Consolidations

    DateName of Bank LocationAction
    7-2-99Southwest Bank
    Greensburg
    Westmoreland County
    Into:331 East Sixth Ave.
    Tarentum
    Allegheny County
    Effective
    From:1121 Brackenridge Ave.
    Brackenridge
    Allegheny County
    7-2-99Southwest Bank
    Greensburg
    Westmoreland County
    Into:5 Fourth Street
    Youngwood
    Westmoreland County
    Effective
    From:Route 119 South
    Greensburg
    Westmoreland County

    Branch Discontinuances

    DateName of Bank LocationAction
    7-12-99Laurel Trust Company
    Johnstown
    Cambria County
    101 Ligonier Street
    Latrobe
    Westmoreland County
    Approved
    7-12-99Laurel Trust Company
    Johnstown
    Cambria County
    911 Philadelphia St.
    Indiana
    Indiana County
    Approved

    SAVINGS ASSOCIATIONS

    No activity.

    CREDIT UNIONS

    No activity.

    DAVID E. ZUERN,   
    Secretary

    [Pa.B. Doc. No. 99-1184. Filed for public inspection July 23, 1999, 9:00 a.m.]

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