1611 Action on applications

DEPARTMENT OF BANKING

Action on Applications

[36 Pa.B. 4617]
[Saturday, August 19, 2006]

   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 1, 2006.

BANKING INSTITUTIONS

Holding Company Acquisitions

Date	Name of Corporation		Location	Action
7-27-06	First Commonwealth Financial Corporation, Indiana, to acquire 100% of Laurel Capital Group, Inc., Allison Park		Indiana	Approved

New Charter Applications

Date	Name of Bank		Location	Action
7-25-06	Hometown Bank of Pennsylvania Bedford Bedford County		Bedford	Filed
	Correspondent:
	David R. Payne, Esq. Stevens & Lee P. O. Box 62330 King of Prussia, PA 19406
7-28-06	Conestoga Bank Chester Springs Chester County		165 Pottstown Pike Chester Springs Chester County	Commenced Operations
	Conestoga Bank is a wholly owned banking subsidiary of Conestoga Bancorp, Inc., Chester Springs, a new bank holding company. The bank is also a member of the Federal Reserve Board.

Interim Charter Applications

Date	Name of Bank		Location	Action
7-26-06	Graystone Interim Bank Lancaster Lancaster County		Lancaster	Approved
	Graystone Interim Bank is being formed solely to facilitate the acquisition of Graystone Bank by Graystone Financial Corp., which is being formed as part of the bank's reorganization into a bank holding company structure.

Consolidations, Mergers and Absorptions

Date	Name of Bank		Location	Action
7-27-06	First Commonwealth Bank, Indiana, and Laurel Savings Bank, Allison Park Surviving Institution-- First Commonwealth Bank, Indiana		Indiana	Approved
7-27-06	Graystone Interim Bank, Lancaster, and Graystone Bank, Lancaster Surviving Institution-- Graystone Interim Bank, Lancaster		Lancaster	Filed
	The merger application is being filed in connection with Graystone Bank's proposed reorganization into a bank holding company structure.

Branch Applications

Date	Name of Bank		Location	Action
7-31-06	Community First Bank Reynoldsville Jefferson County		120 Indiana Street Punxsutawney Jefferson County	Approved
7-31-06	Keystone Nazareth Bank & Trust Co. Bethlehem Northampton County		2400 Schoenersville Road Bethlehem Northampton County	Approved
7-31-06	Northwest Savings Bank Warren Warren County		605 East DuBois Avenue DuBois Clearfield County	Approved
7-31-06	Northwest Savings Bank Warren Warren County		Warren Commons Shopping Center Routes 62 and 69 Conewango Township Warren County	Approved
7-31-06	Fulton Bank Lancaster Lancaster County		2009-2017 North Atherton Street State College Patton Township Centre County	Approved

Branch Relocations

Date	Name of Bank		Location	Action
8-1-06	Fulton Bank Lancaster Lancaster County	To:	Route 10 Lower Oxford Township Chester County	Filed
		From:	18 South 3rd Street Oxford Chester County

Branch Discontinuances

Date	Name of Bank		Location	Action
7-31-06	First Commonwealth Bank Indiana Indiana County		Logan Valley Mall West Plank Road Altoona Logan Township Blair County (Drive-Up Facility)	Approved

SAVINGS INSTITUTIONS

No activity.

CREDIT UNIONS

Branch Relocations

Date	Name of Credit Union		Location	Action
7-31-06	Franklin-Oil Region Credit Union Franklin Venango County	To:	102 State Street Oil City Venango County	Approved
		From:	101 State Street Oil City Venango County	Approved

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

A. WILLIAM SCHENCK, III,   
Secretary

[Pa.B. Doc. No. 06-1611. Filed for public inspection August 18, 2006, 9:00 a.m.]