1528 Actions on applications  

  • DEPARTMENT OF BANKING

    Actions on Applications

    [38 Pa.B. 4636]
    [Saturday, August 23, 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 12, 2008.

    BANKING INSTITUTIONS

    Charter Applications

    Date Name of Bank Location Action
    7-24-2008 New American Bank
    Philadelphia
    Philadelphia County
    PhiladelphiaFiled
    Corresponding Agent:
    David R. Payne, Esquire
    Stevens & Lee
    620 Freedom Business Center
    Suite 200
    P. O. Box 62330
    King of Prussia, PA 19406

    Holding Company Acquisitions

    Date Name of Corporation Location Action
    8-5-2008F.N.B. Corporation, Hermitage, to acquire 100% of Iron and Glass Bancorp, Inc., Pittsburgh, and thereby indirectly acquire Iron and Glass Bank, Pittsburgh, which will be merged with and into First National Bank of Pennsylvania, Greenville, a wholly-owned subsidiary of F.N.B. CorporationHermitageApproved
    8-8-2008 NOVA Financial Holdings, Inc., Berwyn, to acquire 100% of Pennsylvania Business Bank, PhiladelphiaBerwynApproved

    Consolidations, Mergers and Absorptions

    Date Name of BankLocation Action
    8-8-2008Pennsylvania Business Bank, Philadelphia, and NOVA Interim Bank, Berwyn
    Surviving Institution: Pennsylvania Business Bank, Philadelphia
    PhiladelphiaApproved
    8-11-2008 Sharon Savings Bank, Darby, and Morton Savings Bank, Morton
    Surviving Institution: Sharon Savings Bank, Darby
    DarbyApproved

    Branch Applications

    Date Name of Bank Location Action
    8-4-2008 First Commonwealth Bank
    Indiana
    Indiana County
    9820 Perry Highway
    Wexford
    Allegheny County
    Opened
    8-11-2008 Firstrust Savings Bank
    Conshohocken
    Montgomery County
    Shoppes at Valley Square
    Building No. 15
    Street and Easton Roads
    Warrington Township
    Bucks County
    Approved

    Branch Relocations

    Date Name of Bank Location Action
    7-21-2008 Susquehanna Bank PA
    Lititz
    Lancaster County
    To:35 South Willowdale Drive
    Suite 1002
    East Lampeter Township
    Lancaster County
    Effective
    From:35 South Willowdale Drive
    East Lampeter Township
    Lancaster County

    Branch Consolidations

    DateName of Bank Location Action
    7-13-2008 Susquehanna Bank PA
    Lititz
    Lancaster County
    Into:35 South Willowdale Drive
    Suite 1002
    East Lampeter Township
    Lancaster County
    Effective
    From:366 Hartman Bridge Road
    East Lampeter Township
    Lancaster County

    SAVINGS INSTITUTIONS

    No activity.

    CREDIT UNIONS

    Branch Applications

    Date Name of Credit Union Location Action
    7-15-2008Belco Community Credit Union
    Harrisburg
    Dauphin County
    452 South Duke Street
    Lancaster
    Lancaster County
    Opened

       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. 08-1528. Filed for public inspection August 22, 2008, 9:00 a.m.]

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