DEPARTMENT OF BANKING Action on Applications [36 Pa.B. 5790]
[Saturday, September 16, 2006]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 September 5, 2006.
BANKING INSTITUTIONS New Charter Applications Date Name of Bank Location Action 9-1-06 Colonial American Bank
West Conshohocken
Montgomery CountyWest Conshohocken Approved Interim Charter Applications Date Name of Bank Location Action 8-31-06 Unity Bank Pennsylvania
Forks Township
Northampton CountyForks Township Approved Interim bank being chartered solely to facilitate the ability of Unity Bank, Clinton, NJ, a New Jersey-chartered bank, to establish a branch office in Pennsylvania. Mutual Holding Company Reorganization Date Name of Bank Location Action 8-29-06 Greater Delaware Valley
Savings Bank
Broomall
Delaware CountyBroomall Filed Greater Delaware Valley Savings Bank (Bank), which is currently organized in mutual holding company structure under Greater Delaware Valley Holdings, a Mutual Holding Company (MHC), is proposing to reorganize by inserting an interim Federal thrift holding company into its structure and converting the MHC to a Federal thrift holding company through a multi-step transaction involving the establishment of an interim bank (Alliance Interim Savings Bank), subsequent merger of the interim into the Bank and the acquisition of the bank by the newly established Federal thrift holding company. Holding Company Acquisitions Date Name of Corporation Location Action 8-31-06 Unity Bancorp, Inc., Clinton, NJ, to acquire 100% of Unity Bank Pennsylvania, Forks Township, PA, which will be merged with and into Unity Bank, Clinton, NJ, the wholly owned subsidiary of Unity Bank, Inc. Clinton, NJ Approved Bank Holding Company Reorganizations Date Name of Bank Location Action 9-1-06 Berkshire Bank, Wyomissing and Berkshire Interim Bank, Wyomissing
Surviving Institution--
Bershire Bank, WyomissingWyomissing Effective The merger is being effected solely to facilitate the acquisition of Berkshire Bank, Wyomissing, by BERKSHIRE BANCORP, INC., Wyomissing, a newly formed bank holding company. Consolidations, Mergers and Absorptions Date Name of Bank Location Action 8-28-06 Reliance Savings Bank
Altoona
Blair CountyAltoona Filed Purchase of assets/assumption of liabilities of two branch offices of Susquehanna Bank, Hagerstown, MD.
Located at:1254 Old Route 220 North
Duncansville
Blair County3119 Pleasant Valley Boulevard
Altoona
Blair County9-1-06 Fulton Bank
Lancaster
Lancaster CountyLancaster Filed Purchase of assets/assumption of liabilities of Premier Bank, Doylestown. Both institutions
are wholly owned subsidiaries of Fulton Financial Corporation, Lancaster.Branch Applications Date Name of Bank Location Action 6-29-06 First Cornerstone Bank
King of Prussia
Montgomery County368 Schuylkill Road
Phoenixville
Chester CountyOpened 8-26-06 Community First Bank
Reynoldsville
Jefferson County135 East Mahoning Street
Punxsutawney
Jefferson County
(Temporary Location)Opened 8-28-06 Lafayette Ambassador Bank
Easton
Northampton CountyNorth Third Street
Coopersburg
Lehigh CountyFiled 8-31-06 Northwest Savings Bank
Warren
Warren CountyWest 4th Street
(SR 22/522)
Granville Township
Mifflin CountyFiled 9-1-06 Farmers and Merchants Trust Company of Chambersburg
Chambersburg
Franklin CountyCarlisle Crossing Shopping Center
Carlisle
Cumberland CountyFiled Branch Discontinuances Date Name of Bank Location Action 8-31-06 First Commonwealth Bank
Indiana
Indiana County799 Castle Shannon Boulevard
Pittsburgh
Allegheny CountyApproved Articles of Amendment Date Name of Bank Purpose Action 9-1-06 Public Savings Bank
Willow Grove
Montgomery CountyAmendment to Article 1 of the Articles of Incorporation to change the principal place of business from 2300 Computer Avenue, Suite H42, Willow Grove, Montgomery County, PA, to 1265 Industrial Boulevard, Southampton, Bucks County, PA. Approved and Effective SAVINGS INSTITUTIONS No activity. CREDIT UNIONS Consolidations, Mergers and Absorptions Date Name of Credit Union Location Action 9-1-06 Freedom Credit Union, Philadelphia, and Church of the Redeemer Federal Credit Union, Philadelphia
Surviving Institution--
Freedom Credit Union, PhiladelphiaPhiladelphia Effective 9-1-06 Freedom Credit Union, Philadelphia, and FBC Federal Credit Union, Philadelphia
Surviving Institution--
Freedom Credit Union, PhiladelphiaPhiladelphia Effective Branch Applications Date Name of Credit Union Location Action 9-5-06 Belco Community Credit Union
Harrisburg
Dauphin County1758 Oregon Pike
Lancaster
Lancaster CountyFiled The Department's website at www.banking.state.pa.us includes public notices for more recently filed applications.
A. WILLIAM SCHENCK, III,
Secretary[Pa.B. Doc. No. 06-1807. Filed for public inspection September 15, 2006, 9:00 a.m.]