1644 Action on applications

DEPARTMENT OF BANKING

Action on Applications

[34 Pa.B. 4930]

   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 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 24, 2004.

BANKING INSTITUTIONS

Mutual Holding Company Reorganization

Date	Name of Corporation		Location	Action
8-24-04	Beneficial Mutual Savings Bank Philadelphia Philadelphia County		Philadelphia	Effective
	Represents reorganization into a mutual holding company to be known as Beneficial Savings Bank MHC, Philadelphia, PA, parent company of Beneficial Mutual Bancorp, Inc. Beneficial Mutual Savings Bank will be a wholly-owned subsidiary of Beneficial Mutual Bancorp, Inc., a newly formed Federally-chartered stock holding company, which in turn is a subsidiary of Beneficial Savings Bank MHC, a newly formed Federally-chartered mutual holding company.

Holding Company Acquisitions

Date	Name of Corporation		Location	Action
8-18-04	S & T Bancorp, Inc., Indiana,    to acquire 24.99% of the outstanding    shares of Allegheny Valley    Bancorp, Inc., Pittsburgh		Indiana	Filed
8-24-04	F. N. B. Corporation, Hermitage,    to acquire 100% of the voting    shares of Slippery Rock Financial    Corporation, Slippery Rock		Hermitage	Filed

Conversions

Date	Name of Institution		Location	Action
8-20-04	Prudential Savings Association (d/b/a Prudential Savings Bank, PaSA) Philadelphia Philadelphia County   To:   Prudential Savings Bank Philadelphia Philadelphia County		1834 Oregon Avenue Philadelphia Philadelphia County	Effective
	Represents conversion from State-chartered mutual savings association to a State-chartered mutual savings bank.
	Branches Acquired by Means of Conversion:
	601 Morgan Avenue Drexel Hill Delaware County		2101 South 19th Street Philadelphia Philadelphia County
	112 South 9th Street Philadelphia Philadelphia County		238a Moore Street Philadelphia Philadelphia County
	1722 South Broad Street Philadelphia Philadelphia County
8-24-04	Beneficial Mutual Savings Bank Philadelphia Philadelphia County		Philadelphia	Effective
	Represents conversion from a State-chartered mutual savings bank to a State-chartered stock savings bank in conjunction with the reorganization into a mutual holding company form of ownership.

Consolidations, Mergers and Absorptions

Date	Name of Bank		Location	Action
8-24-04	First Financial Bank Downingtown Chester County		Downingtown	Approved
	Purchase of certain deposits of a branch office of Firstrust Savings Bank, Conshohocken,   Located at: 125 East Swedesford Road Exton Chester
	Note: This transaction does not involve any real estate. The subject branch office will be closed by Firstrust Savings Bank; approval for discontinuance issued by the Department of Banking on July 26, 2004.

Branch Applications

Date	Name of Bank		Location	Action
8-20-04	Mid Penn Bank Millersburg Dauphin County		17 North Second Street Harrisburg Dauphin County	Filed
8-20-04	Mid Penn Bank Millersburg Dauphin County		550 Allentown Boulevard Harrisburg Dauphin County	Filed
8-20-04	Integrity Bank Camp Hill Cumberland County		One Marketway South York York County	Filed
8-24-04	S & T Bank Indiana Indiana County		208 West Plank Road Altoona Blair County	Approved
8-24-04	S & T Bank Indiana Indiana County		Messenger service branch to operate within a 20-mile radius of the 208 West Plank Road, Altoona, office	Approved
8-24-04	Beneficial Savings Bank Philadelphia Philadelphia County		1305-11 Bethlehem Pike Flourtown Montgomery County	Approved

Branch Relocations

Date	Name of Bank		Location	Action
8-19-04	Citizens Bank of Pennsylvania Philadelphia Philadelphia County	To:	12 Chestnut Road Paoli Chester County	Filed
		From:	10 East Lancaster Avenue Paoli Chester County	Filed
8-20-04	S & T Bank Indiana Indiana County	To:	12900 Frankstown Road Pittsburgh Allegheny County	Filed
		From:	12262 Frankstown Road Pittsburgh Allegheny County

SAVINGS INSTITUTIONS

No activity.

CREDIT UNIONS

No activity.

A.WILLIAM SCHENCK, III,   
Secretary

[Pa.B. Doc. No. 04-1644. Filed for public inspection September 3, 2004, 9:00 a.m.]