DEPARTMENT OF BANKING Action on Applications [35 Pa.B. 4833] 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 16, 2005.
BANKING INSTITUTIONS Holding Company Acquisitions Date Name of Corporation Location Action 8-15-05 F. N. B. Corporation, Hermitage, to
acquire 100% of the voting shares of
North East Bancshares Inc., North
East, and thereby indirectly acquire
The National Bank of the North East,
North East, under the provisions of
section 115 of the Banking Code of
1965Hermitage Approved 8-15-05 Putnam, LLC, Boston, MA, to acquire
up to 15% of the common stock of
Commerce Bancorp, Inc., Cherry Hill,
NJ, and thereby acquire up to 15% of
the common stock of Commerce Bank/
Pennsylvania, N. A., Philadelphia, PA,
under the provisions of section 112 of
the Banking Code of 1965Boston, MA Approved SAVINGS INSTITUTIONS No activity. CREDIT UNIONS No activity. A. WILLIAM SCHENCK, III,
Secretary[Pa.B. Doc. No. 05-1594. Filed for public inspection August 26, 2005, 9:00 a.m.]
