1779 Actions on applications  

  • DEPARTMENT OF BANKING AND SECURITIES

    Actions on Applications

    [44 Pa.B. 5571]
    [Saturday, August 23, 2014]

     The Department of Banking and Securities (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 May 15, 1933 (P. L. 565, No. 111), known as the Department of Banking and Securities 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 12, 2014.

     Under section 503.E of the Department of Banking and Securities Code (71 P. S. § 733-503.E), any person wishing to comment on the following applications, with the exception of branch applications, may file their comments in writing with the Department of Banking and Securities, Corporate Applications Division, 17 North Second Street, Suite 1300, Harrisburg, PA 17101-2290. Comments must be received no later than 30 days from the date notice regarding receipt of the application is published in the Pennsylvania Bulletin. The nonconfidential portions of the applications are on file at the Department and are available for public inspection, by appointment only, during regular business hours. To schedule an appointment, contact the Corporate Applications Division at (717) 783-2253. Photocopies of the nonconfidential portions of the applications may be requested consistent with the Department's Right-to-Know Law Records Request policy.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    Date Name and Location of Applicant Action
    10-9-2013 Prudential Bancorp, Inc.
    Philadelphia
    Philadelphia County
    Effective
    Application for approval to acquire 100% of Prudential Savings Bank, Philadelphia.
    8-6-2014 Farmers & Merchants Bancorp of Western PA, Inc.
    Kittanning
    Armstrong County
    Approved
    Approval for Farmers & Merchants Bancorp of Western PA, Inc., Kittanning, to acquire 100% of NexTier, Inc., Butler.
    8-8-2014 Bryn Mawr Bank Corporation
    Bryn Mawr
    Montgomery County
    Approved
    Application for Bryn Mawr Bank Corporation to acquire 100% of Continental Bank Holdings, Inc., Plymouth Meeting, and thereby indirectly acquire Continental Bank, Plymouth Meeting.

    Consolidations, Mergers and Absorptions

    Date Name and Location of Applicant Action
    8-8-2014 The Bryn Mawr Trust Company
    Bryn Mawr
    Montgomery County
    Approved
    Application for approval to merge Continental Bank, Plymouth Meeting, with and into The Bryn Mawr Trust Company, Bryn Mawr.

    Branch Applications

    De Novo Branches

    Date Name and Location of Applicant Location of Branch Action
    7-24-2014 ACNB Bank
    Gettysburg
    Adams County
    850 Norland Avenue
    Chambersburg
    Franklin County
    Opened
    8-4-2014 Jersey Shore State Bank
    Jersey Shore
    Lycoming County
    1720 East Third Street
    Williamsport
    Lycoming County
    Opened
    8-11-2014 Univest Bank and Trust Co.
    Souderton
    Montgomery County
    15 Swamp Road
    Newtown
    Bucks County
    Filed
    8-12-2014 1st Summit Bank
    Johnstown
    Cambria County
    512 West High Street
    Ebensburg
    Cambria County
    Filed

    Branch Relocations

    Date Name and Location of Applicant Location of Branch Action
    8-5-2014 ESSA Bank & Trust
    Stroudsburg
    Monroe County
    To: 300 Mulberry Street
    Scranton
    Lackawanna County
    Filed
    From: 139 Wyoming Avenue
    Scranton
    Lackawanna County
    (Incorrectly listed as a De Novo Branch on Summary # 33)
    (See 44 Pa.B. 5492 (August 16, 2014))

    Branch Consolidations

    Date Name and Location of Applicant Location of Branch Action
    8-6-2014 Clearfield Bank & Trust Company
    Clearfield
    Clearfield County
    Into: 7571 Huntingdon Plaza
    Huntingdon
    Huntingdon County
    Approved
    From: 729 Main Street
    Saxton
    Bedford County
    8-6-2014 Clearfield Bank & Trust Company
    Clearfield
    Clearfield County
    Into: 16 West Shirley Street
    Mount Union
    Huntingdon County
    Approved
    From: 8384 Ashman Street
    Saxton
    Bedford County

    CREDIT UNIONS

    No activity.

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

    GLENN E. MOYER, 
    Secretary

    [Pa.B. Doc. No. 14-1779. Filed for public inspection August 22, 2014, 9:00 a.m.]

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