1554 Actions on applications

DEPARTMENT OF BANKING

Actions on Applications

[37 Pa.B. 4655]
[Saturday, August 25, 2007]

   The Department of Banking, 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 14, 2007.

BANKING INSTITUTIONS

Mutual Holding Company Reorganization

Date	Name of Bank		Location	Action
8-13-07	North Penn Bank Scranton Lackawanna County		Scranton	Approved
	North Penn Bank (the Bank), which is currently organized in mutual holding company structure, including a mid-tier bank holding company, North Penn Bancorp, Inc. (the Mid-Tier), under North Penn Mutual Holding Company (the MHC), is proposing to reorganize by converting the MHC and the Mid-Tier to Federal charters and then creating a thrift holding company and three interim banks (the Interims) and thereafter merging the Mid-Tier and the MHC into the Bank and then merging the Interims into the Bank. The resulting structure will be a stock Federal Thrift Holding Company, New North Penn Bancorp, Inc., which will own all of the shares of the Bank.

Branch Applications

Date	Name of Bank		Location	Action
8-6-07	Marquette Savings Bank Erie Erie County		1073 Park Avenue Meadville Crawford County	Opened

SAVINGS INSTITUTIONS

No activity.

CREDIT UNIONS

No activity.

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

VICTORIA A. REIDER,   
Acting Secretary

[Pa.B. Doc. No. 07-1554. Filed for public inspection August 24, 2007, 9:00 a.m.]