1495 Actions on applications  

  • DEPARTMENT OF BANKING

    Actions on Applications

    [38 Pa.B. 4530]
    [Saturday, August 16, 2008]

       The Department of Banking (Department), 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 9, 2002 (P. L. 1572, No. 207), known as the Credit Union Code, has taken the following action on applications received for the week ending August 5, 2008.

    BANKING INSTITUTIONS

    Interim Charter Applications

    Date Name of Bank  Location Action
    7-17-2008 Wilmington Trust Interim Savings Bank
    Villanova
    Delaware County
    Villanova Filed
    The purpose of Wilmington Trust Interim Savings Bank is to merge with Wilmington Trust of Pennsylvania, Villanova.

    Section 112 Applications

    Date Name of Corporation  Location Action
    4-30-2008 Susquehanna Bancshares, Inc., Lititz,
    acquired 100% of Stratton Holding
    Company, Plymouth Meeting, and thereby indirectly acquired Stratton Management Company, Plymouth Meeting, and Semper Trust Company, Plymouth Meeting
    Lititz Effective
    In conjunction with the transaction, Semper Trust Company, Plymouth Meeting, became a wholly-owned subsidiary of Stratton Management, LLC, Plymouth Meeting, a newly-formed LLC that is a wholly-owned subsidiary of Susquehanna Bancshares, Inc., Lititz.

    Consolidations, Mergers and Absorptions

    Date Name of Bank  Location Action
    7-17-2008 Wilmington Trust Interim Savings Bank, Villanova, and Wilmington Trust of Pennsylvania, Villanova
    Surviving Institution: Wilmington Trust Interim Savings Bank, Villanova
    Villanova Filed
    Application filed in conjunction with the proposed merger of Wilmington Trust Interim Savings Bank, Villanova, PA, and Wilmington Trust FSB, Baltimore, MD. Both institutions are wholly-owned subsidiaries of Wilmington Trust Corporation, Wilmington, DE.

    Branch Applications

    Date Name of Bank  Location Action
    7-29-2008 S & T Bank
    Indiana
    Indiana County
    12550 Perry Highway
    Wexford
    Allegheny County
    Opened
    7-30-2008 First CornerStone Bank
    King of Prussia
    Montgomery County
    51 Woodland Drive
    Chadds Ford Township
    Glen Mills
    Delaware County
    Filed

    Branch Relocations

    Date Name of Bank  Location Action
    7-30-2008 Community Bank and Trust Company
    Clarks Summit
    Lackawanna County
    To: 74 East Tioga Street
    Tunkhannock
    Wyoming County
    Approved
    From:Route 6 West
    Tunkhannock
    Wyoming County
    7-30-2008 Northwest Savings Bank
    Warren
    Warren County
    To: 437 Cochran Road
    Mt. Lebanon Township
    Pittsburgh
    Allegheny County
    Approved
    From: 300 Cochran Road
    Mt. Lebanon Township
    Pittsburgh
    Allegheny County

    Branch Consolidations

    Date Name of Bank  Location Action
    7-30-2008 Community Bank and Trust Company
    Clarks Summit
    Lackawanna County
    Into: 74 East Tioga Street
    Tunkhannock
    Wyoming County
    Approved
    From:Route 29
    Tunkhannock
    Wyoming County

    Branch Discontinuances

    Date Name of Bank  Location Action
    7-28-2008 S & T Bank
    Indiana
    Indiana County
    20001 Route 19
    Cranberry Township
    Butler County
    Closed
    7-30-2008 Earthstar Bank
    Southampton
    Bucks County
    48 West Skippack Pike
    Ambler
    Montgomery County
    Approved
    7-31-2008 Conestoga Bank
    Chester Springs
    Chester County
    1501 South Newkirk Street
    Philadelphia
    Philadelphia County
    Approved

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    Branch Applications

    Date Name of Credit Union  Location Action
    7-31-2008 Belco Community Credit Union
    Harrisburg
    Dauphin County
    Paxton Street and
    Eisenhower Boulevard
    Harrisburg
    Dauphin County
    Approved
    7-31-2008 Belco Community Credit Union
    Harrisburg
    Dauphin County
    5304 Carlisle Pike
    Mechanicsburg
    Cumberland County
    Approved

       The Department's web site at www.banking.state.pa.us includes public notices for more recently filed applications.

    STEVEN KAPLAN,   
    Secretary

    [Pa.B. Doc. No. 08-1495. Filed for public inspection August 15, 2008, 9:00 a.m.]

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