DEPARTMENT OF BANKING
Action on Applications
[35 Pa.B. 2317]
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 April 5, 2005.
Mutual Holding Company Reorganizations
Date Name of Bank Location Action 3-28-05 North Penn Bank
Scranton Approved Application represents reorganization into a mutual holding company to be known as North Penn Mutual Holding Company.
Holding Company Acquisitions
Date Name of Corporation Location Action 4-1-05 Gelt Holdings, Inc., to acquire 100% of Public Finance Service, Inc., Willow Grove Willow Grove Filed
New Charter Applications
Date Name of Bank Location Action 3-29-05 Valley Green Bank
7226-34 Germantown Avenue
Filed Correspondent B. Tyler Lincoln, Esq.
Stradley, Ronon, Stevens & Young, LLP
30 Valley Stream Parkway
Malvern, PA 19355
Date Name of Bank Location Action 3-31-05 The Marion Center National Bank
Marion Center Bank
Marion Center Effective Represents conversion from a National banking association to a State-chartered commercial bank. Marion Center Bank is a wholly-owned banking subsidiary of Community Bankers Corporation, Marion Center, an existing bank holding company. Branches Acquired by Means of Conversion: 106 West Main Street
326 East Main Street
750 Franklin Street
514 West Mahoning Street
162 Route 119 North
Consolidations, Mergers and Absorptions
Date Name of Credit Union Location Action 3-31-05 Atlantic Credit Union, Newton Square, and Citadel Federal Credit Union, Thorndale
Citadel Federal Credit Union, Thorndale
Newton Square Effective 4-1-05 Corry Jamestown Credit Union, Corry, and Corry Foam Employees Federal Credit Union, Corry
Corry Jamestown Credit Union, Corry
A. WILLIAM SCHENCK, III,
[Pa.B. Doc. No. 05-716. Filed for public inspection April 15, 2005, 9:00 a.m.]
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