1353 Actions on applications  

  • DEPARTMENT OF BANKING AND SECURITIES

    Actions on Applications

    [46 Pa.B. 4849]
    [Saturday, August 6, 2016]

     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 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 July 26, 2016.

     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 his or her 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

    Interim Incorporations

    DateName and Location of Applicant Action
    7-15-2016 CNB Interim Bank
    Clearfield
    Clearfield County
    Effective
    The purpose of CNB Interim Bank, Clearfield, PA, is to facilitate the proposed merger of Lake National Bank, Mentor, OH, with and into CNB Bank, Clearfield, PA, with CNB Bank surviving.
    7-22-2016Monument Interim Bank
    Doylestown
    Bucks County
    Filed
    The purpose of Monument Interim Bank, Doylestown, is to merge with Monument Bank, Doylestown, to facilitate the proposed reorganization of Monument Bank into a bank holding company structure whereby Monument Bank will become the wholly-owned subsidiary of Monument Bancorp, Inc., a new holding company in formation.

    Holding Company Acquisitions

    Date Name and Location of Applicant Action
    7-26-2016 Prudential Bancorp, Inc.
    Philadelphia
    Philadelphia County
    Filed
    Application for approval to acquire 100% of Polonia Bancorp, Inc., Huntingdon Valley, and thereby indirectly acquire 100% of Polonia Bank, Huntingdon Valley.

    Consolidations, Mergers and Absorptions

    DateName and Location of Applicant Action
    7-15-2016CNB Bank
    Clearfield
    Clearfield County
    Effective
    Merger of Lake National Bank, Mentor, OH, with and into CNB Bank, Clearfield, PA.
    7-26-2016Prudential Savings Bank
    Philadelphia
    Philadelphia County
    Filed
    Application for approval to merge Polonia Bank, Huntingdon Valley, with and into Prudential Savings Bank, Philadelphia.

    Branch Applications

    De Novo Branches

    DateName and Location of Applicant Location of Branch Action
    7-7-2016 Meridian Bank
    Malvern
    Chester County
    1719A Easton Road
    Doylestown
    Bucks County
    Opened
    7-20-2016 Mid Penn Bank
    Millersburg
    Dauphin County
    1817 Oregon Pike
    Lancaster
    Lancaster County
    Filed

    CREDIT UNIONS

    Articles of Amendment

    Date Name and Location of Institution Action
    7-25-2016 Fairless Credit Union
    Morrisville
    Bucks County
    Effective
    Amendment to Article I of the institutions Articles of Incorporation provides for change in their corporate title to ''Spirit Financial Credit Union.'' Amendment to Article 3, provides for a change in location. Amendment to Article 5 changes the par value of shares.

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

    ROBIN L. WIESSMANN, 
    Secretary

    [Pa.B. Doc. No. 16-1353. Filed for public inspection August 5, 2016, 9:00 a.m.]

Document Information