1226 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [31 Pa.B. 3561]

       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 26, 2001.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of CorporationLocationAction
    5-11-01Community Bank System, Inc.,
       DeWitt, New York, to acquire
       100% of the voting shares of
       First Liberty Bank Corp., Jermyn
       and indirectly acquire First Liberty
       Bank & Trust, Jermyn
    DeWitt, NYEffective
    Simultaneous with the holding company acquisition, First Liberty Bank & Trust, Jermyn, merged with and into Community Bank, National Association, Canton, New York, the wholly-owned subsidiary of Community Bank System, Inc.

    New Charter Applications

    DateName of BankLocationAction
    6-25-01American Interim Bank
    Allentown
    Lehigh County
    AllentownApproved

    Consolidations, Mergers and Absorptions

    DateName of BankLocationAction
    6-21-01Fulton Bank, Lancaster, and
       The Drovers & Mechanics Bank,
       York
       Surviving Institution--
       Fulton Bank, Lancaster
    LancasterApproved
    6-21-01Royal Bank of Pennsylvania
    Narberth
    Montgomery County
    NarberthApproved
    Purchase of assets/assumption of
    liabilities of Crusader Holding
    Corporation, Philadelphia,
    Crusader Savings Bank, F.S.B.,
    Philadelphia and Asset Investment
    Corporation, Wilmington, Delaware
    6-25-01American Interim Bank, Allentown,
       and American Bank, Allentown
       Surviving Institution--
       American Bank, Allentown
    AllentownFiled
    Merger application being filed to facilitate the acquisition of American Bank, Allentown, by American Bank Incorporated, Allentown, a bank holding company in organization.

    Branch Discontinuances

    DateName of BankLocationAction
    11-15-00Main Street Bank
    Reading
    Berks County
    Route 61 South
    Schuylkill Haven
    Schuylkill County
    (Drive-Up Facility)
    Effective
    11-15-00Main Street Bank
    Reading
    Berks County
    3321 Willow Lane
    Macungie
    Lehigh County
    Effective

    Articles of Amendment

    DateName of BankPurposeAction
    6-22-01Northeast Pennsylvania
       Trust Company
    Hazleton
    Luzerne County
    Amendment to Article Second provides for a change in the principal place of business to: 31 West Broad Street; from: 2 East Broad Street, both addresses in Hazleton, Luzerne CountyApproved
    and
    Effective

    SAVINGS INSTITUTIONS

    Branch Applications

    DateName of AssociationLocationAction
    6-20-01East Stroudsburg Savings
       Association
    Stroudsburg
    Monroe County
    Intersection of
       Routes 940 & 115
    Blakeslee
    Tobyhanna Township
    Monroe County
    Filed

    CREDIT UNIONS

    No activity.

    JAMES B. KAUFFMAN, Jr.,   
    Secretary

    [Pa.B. Doc. No. 01-1226. Filed for public inspection July 6, 2001, 9:00 a.m.]

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