1756 Action on applications

DEPARTMENT OF BANKING

Action on Applications

[36 Pa.B. 5702]
[Saturday, September 9, 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 August 29, 2006.

BANKING INSTITUTIONS

Holding Company Acquisitions

Date	Name of Corporation		Location	Action
8-28-06	First Commonwealth Financial Corporation, Indiana, to acquire 100% of the voting shares of Laurel Capital Group, Inc., Allison Park		Indiana	Effective

New Charter Applications

Date	Name of Bank		Location	Action
8-25-06	MileStone Bank Doylestown Bucks County		Doylestown	Filed
	Correspondent:
	Gregory E. Grim, Esq. Grim, Biehn & Thatcher P. O. Box 215 Perkasie, PA 18944-0215

Interim Charter Applications

Date	Name of Bank		Location	Action
8-25-06	Centra Bank-Smithfield Smithfield Fayette County		Smithfield	Effective
	Represents formation of interim charter solely to facilitate the acquisition of Smithfield State Bank of Smithfield, PA, by Centra Financial Holding, Inc., Morgantown, West Virginia.

CONSOLIDATIONS, MERGERS AND ABSORPTIONS

Date	Name of Bank		Location	Action
8-21-06	Orrstown Bank Shippensburg Cumberland County		Shippensburg	Filed
	Purchase of assets/assumption of liabilities of one branch office of Omega Bank, State College
	Located at:
	1110 East Simpson Street Mechanicsburg Cumberland County
8-25-06	Smithfield State Bank of Smithfield, Pa., and Centra Bank-Smithfield, Smithfield Surviving Institution-- Smithfield State Bank of Smithfield, Pa.		Smithfield	Effective
	The subject merger will result in the acquisition of Smithfield State Bank of Smithfield, Pa., Smithfield, PA by CENTRA FINANCIAL HOLDINGS, INC., Morgantown, WV, a West Virginia corporation and parent company of Centra Bank, Morgantown, WV.
8-28-06	First Commonwealth Bank, Indiana and Laurel Savings Bank, Allison Park Surviving Institution-- First Commonwealth Bank, Indiana		Indiana	Effective
	As a result of the merger, all branch offices of Laurel Savings Bank will become branch offices of First Commonwealth Bank, including the former main office located at:
	2724 Harts Run Road Allison Park Allegheny County

Branch Applications

Date	Name of Bank		Location	Action
7-27-06	Northwest Savings Bank Warren Warren County		2600 Old Washington Road Upper St. Clair Township Allegheny County	Opened
8-21-06	Stonebridge Bank Exton Chester County		319 East Street Road Warminster Bucks County	Filed

Branch Relocations

Date	Name of Bank		Location	Action
8-23-06	Northwest Savings Bank Warren Warren County	To:	535 Smithfield Street Pittsburgh Allegheny County	Approved
		From:	300 Sixth Avenue Pittsburgh Allegheny County

Branch Discontinuances

Date	Name of Bank		Location	Action
8-21-06	Stonebridge Bank Exton Chester County		408 Lakeside Drive Southampton Bucks County	Filed

SAVINGS INSTITUTIONS

Branch Applications

Date	Name of Association		Location	Action
8-23-06	ESSA Bank & Trust Stroudsburg Monroe County		Tannersville Plaza Route 611 Tannersville Pocono Township Monroe County	Approved

CREDIT UNIONS.

No activity.

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. 06-1756. Filed for public inspection September 8, 2006, 2006, 9:00 a.m.]