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COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 01-1312

NOTICES

DEPARTMENT OF BANKING

Action on Applications

[31 Pa.B. 3961]

   The Department of Banking of the Commonwealth of Pennsylvania, 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 July 10, 2001.

BANKING INSTITUTIONS

Holding Company Acquisitions

DateName of Corporation LocationAction
7-1-01Fulton Financial Corporation,
   Lancaster, to acquire 100%
of outstanding shares of
Drovers Bancshares Corporation,
York
 LancasterEffective

Consolidations, Mergers and Absorptions

DateName of Bank LocationAction
7-2-01First Star Savings Bank
Bethlehem
Northampton
 BethlehemEffective
Purchase of assets/assumptions of
liabilities of one branch office
of Main Street Bank, Reading,
Located at:
1430 Jacobsburg Road
Wind Gap
Plainfield Township
Northampton County

Branch Applications

DateName of Bank LocationAction
7-5-01Northwest Savings Bank
Warren
Warren County
 108 Washington
   Towne Boulevard
Edinboro
Erie County
Approved
7-5-01Minersville Safe Deposit
   Bank & Trust Company
Minersville
Schuylkill County
 452 S. Lehigh St.
Frackville
Schuylkill County
Approved

Branch Discontinuances

DateName of Bank LocationAction
7-2-01The Drovers & Mechanics Bank
York
York County
 30 W. Patrick St.
Frederick
Frederick County
Maryland
Effective
Note:  In conjunction with the acquisition of Drovers Bancshares Corporation, York, by Fulton Financial Corporation, Lancaster, the previously-noted branch office was sold to Hagerstown Trust Company, Hagerstown, MD, a Maryland state-chartered bank and a wholly-owned subsidiary of Fulton Financial Corporation.

Articles of Amendment

DateName of Bank PurposeAction
7-6-01Suburban Community Bank
Chalfont
Bucks County
To provide for the amendment
to Article Seventh which
provides for the elimi-
nation of cumulative voting
in the election of directors;
and the addition of Article
Tenth, permitting Board of
Directors' consideration of non-
economic factors in the evaluation
of various acquisition offers.
Approved
and
Effective

SAVINGS INSTITUTIONS

   No activity.

CREDIT UNIONS

Articles of Amendment

DateName of Credit Union PurposeAction
7-10-01North Districts Credit Union
Gibsonia
Allegheny County
The amendment to Article 1
provides for a change in
name to North Districts
Community Credit Union;
Amendment to Article 8
provides for a change in
the field of membership
(see following note).
Approved
and
Effective
The subject Articles of Amendment were necessitated by the conversion of the credit union's charter from an ''occupational credit union'' to a ''community credit union.'' Said conversion was Approved by the Department of Banking on 7-6-01.

Branch Applications

DateName of Credit Union LocationAction
6-25-01HVHS Credit Union
Sewickley
Allegheny County
 1000 Dutch Ridge Rd.
Beaver
Beaver County
Opened

JAMES B. KAUFFMAN, Jr.,   
Secretary

[Pa.B. Doc. No. 01-1312. Filed for public inspection July 20, 2001, 9:00 a.m.]



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