1052 Action on applications

DEPARTMENT OF BANKING

Action on Applications

[29 Pa.B. 3373]

   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 22, 1999.

BANKING INSTITUTIONS

Holding Company Acquisitions

Date	Name of Corporation		Location	Action
6-15-99	Summit Bancorp, Princeton, New Jersey, and First Valley Corporation, Bethlehem, PA, to acquire 100% of the voting shares of Prime Bancorp, Inc., Fort Washington, PA		Princeton, NJ	Approved

New Charter Applications

Date	Name of Bank		Location	Action
6-18-99	Northeast Pennsylvania Trust    Company Hazleton Luzerne County		2 East Broad Street Hazleton Luzerne County	Approved

Consolidations, Mergers and Absorptions

Date	Name of Bank		Location	Action
6-15-99	United Bank of Philadelphia Philadelphia Philadelphia County		Philadelphia	Filed
	Purchase of assets/assumption of liabilities of three branch offices of First Union National Bank, Charlotte, NC, located at:
	1620 Wadsworth Avenue Philadelphia Philadelphia County		3945-49 Chestnut Street Philadelphia Philadelphia County
	2836 West Girard Avenue Philadelphia Philadelphia County
	Summit Bank, Bethlehem, and Prime    Bank, Philadelphia Surviving Institution--Summit Bank,    Bethlehem		Bethlehem	Approved
6-18-99	Northwest Savings Bank Warren Warren County		Warren	Filed
	Purchase of assets/assumption of liabilities of eight branch offices of PNC Bank, N.A., Pittsburgh, located at:
	475 Theatre Drive Johnstown Cambria County Lyter Drive & Entrance Way Johnstown Cambria County		Walnut & West Spruce Street Marienville Forest County 428 Main Street Smethport McKean County
	225-227 Franklin Street Johnstown Cambria County		5 Buckingham Street Tidioute Warren County
	221 Elm Street Tionesta Forest County		101 South Main Street Sheffield Warren County
6-18-99	The Peoples State Bank East Berlin Adams County		East Berlin	Filed
	Purchase of assets/assumption of liabilities of one branch office of Sovereign Bank, FSB, Wyomissing, located at:
	29 North Washington Street Gettysburg Adams County

Interstate Branch Applications

Date	Name of Bank		Location	Article
6-17-99	U.S. Trust Company of Connecticut Greenwich Connecticut		100 W. Lancaster Ave. Wayne Delaware County Pennsylvania	Approved

Branch Applications

Date	Name of Bank		Location	Action
10-1-98	Fidelity Savings Bank Pittsburgh Allegheny County		2034 Penn Avenue Pittsburgh Allegheny County	Opened
6-15-99	Main Street Bank Reading Berks County		1701 Chew Street Allentown Lehigh County	Opened
6-16-99	FirstService Bank Lansdale Montgomery County		301 Oxford Valley Rd. Yardley Bucks County	Approved
6-16-99	The Drovers & Mechanics Bank York York County		Northeast Quadrant of Pine Rd. &    Route 382 Newberry Township York County	Approved
6-17-99	Prime Bank Philadelphia Philadelphia County		12 Chestnut Road Paoli Chester County	Authorization Surrendered
6-17-99	Prime Bank Philadelphia Philadelphia County		473 York Road Warminster Bucks County	Authorization Surrendered
6-17-99	Prime Bank Philadelphia Philadelphia County		1430 Walnut Street Philadelphia Philadelphia County	Authorization Surrendered
6-17-99	Summit Bank Bethlehem Northampton County		473 York Road Warminster Bucks County	Filed
6-17-99	Summit Bank Bethlehem Northampton County		1430 Walnut Street Philadelphia Philadelphia County	Filed
6-18-99	Prime Bank Philadelphia Philadelphia County		1235 West Chester Pike Havertown Delaware County	Authorization Surrendered
6-19-99	Main Street Bank Reading Berks County		235 Main Street Emmaus Lehigh County	Opened
6-19-99	Main Street Bank Reading Berks County		225 West Lancaster Ave. Ardmore Montgomery County	Opened
6-21-99	First Heritage Bank Wilkes-Barre Luzerne County		R. D. #1 Airport Beltway Hazleton Luzerne County	Filed

Branch Relocations

Date	Name of Bank		Location	Action
6-17-99	Summit Bank Bethlehem Northampton County	To:	12 Chestnut Road Paoli Chester County	Filed
		From:	1756 East Lancaster Avenue Paoli Chester County

Branch Discontinuances

Date	Name of Bank		Location	Action
6-8-99	Laurel Trust Company Johnstown Cambria County		101 Ligonier Street Latrobe Westmoreland County	Filed
6-8-99	Laurel Trust Company Johnstown Cambria County		922 Philadelphia St. Indiana Indiana County	Filed
6-16-99	Summit Bank Bethlehem Northampton County		Second Avenue and Hutchison Street Martins Creek Northampton County	Approved

Articles of Amendment

Date	Name of Bank		Purpose	Action
6-17-99	Hometowne Heritage Bank Intercourse Lancaster County		To amend Article Six of the Articles of Incorporation to provide for the restatement of the organizers' subscription for common stock.	Approved and Effective

SAVINGS ASSOCIATIONS

No activity.

CREDIT UNIONS

No activity.

DAVID E. ZUERN,   
Secretary

[Pa.B. Doc. No. 99-1052. Filed for public inspection July 2, 1999, 9:00 a.m.]