1327 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [29 Pa.B. 4361]

       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 August 3, 1999.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of CorporationLocationAction
    8-1-99Summit Bancorp, Princeton, New Jersey, and First Valley Corporation, Bethlehem, Pennsylvania, to acquire 100% of the voting shares of Prime Bancorp, Inc., Fort Washington, PennsylvaniaPrinceton, NJEffective

    New Charter Applications

    DateName of BankLocationAction
    7-29-99Aris Trust Company
    State College
    Centre County
    270 Walker Drive
    State College
    Centre County
    Approved

    Branch Applications

    DateName of BankLocationAction
    7-24-99Main Street Bank
    Reading
    Berks County
    313 West Cypress St.
    Kennett Square
    Chester County
    Opened
    7-24-99Main Street Bank
    Reading
    Berks County
    1950 Old Philadelphia Pike
    Greenfield (Lancaster)
    Lancaster County
    Opened
    7-26-99CSB Bank
    Curwensville
    Clearfield County
    Bucktail Village
    Route 120 (Bucktail Rd.)
    St. Marys
    Elk County
    Opened
    7-30-99Sun Bank
    Selinsgrove
    Snyder County
    2 East Mountain Avenue
    South Williamsport
    Lycoming County
    Filed
    8-2-99Enterprise Bank
    Allison Park
    Allegheny County
    Mobile Branch to operate at various locations within Allegheny County and its contiguous countiesFiled

    Branch Relocations

    DateName of BankLocationAction
    8-3-99C & G Savings Bank
    Altoona
    Blair County
    To:3301 Pleasant Valley Boulevard
    Altoona
    Blair County
    Approved
    From:3331 Pleasant Valley Boulevard
    Altoona
    Blair County

    Branch Discontinuances

    DateName of BankLocationAction
    7-29-99Patriot Bank
    Pottstown
    Montgomery County
    1620 Pond Road
    Allentown
    Lehigh County
    Approved

    SAVINGS ASSOCIATIONS

    Absorptions, Mergers and Consolidations

    DateName of Bank   LocationAction
    7-30-99Chelten Hills Savings Association, Abington, and Resolute Savings and Loan Association, Philadelphia
    Surviving Institution--Chelten Hills Savings Association, Abington
       AbingtonEffective

    CREDIT UNIONS

    No activity.

    DAVID E. ZUERN,   
    Secretary

    [Pa.B. Doc. No. 99-1327. Filed for public inspection August 13, 1999, 9:00 a.m.]

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