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PA Bulletin, Doc. No. 06-988



Action on Applications

[36 Pa.B. 2744]
[Saturday, June 3, 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 May 23, 2006.


Holding Company Acquisitions

DateName of CorporationLocationAction
5-18-06S & T Bancorp, Inc., Indiana, to acquire up to 24.99% of the outstanding shares of common stock of Allegheny Valley Bancorp, Inc., Pittsburgh, under section 112 of the Banking Code of 1965IndianaApproved
5-18-06Centra Financial Holdings, Inc., Morgantown, WV, to acquire up to 81.3% of the outstanding shares of common stock of Smithfield State Bank of Smithfield, Smithfield, PA, under section 112 of the Banking Code of 1965Morgantown, WVApproved

Section 112 Applications

DateName of IndividualLocationAction
5-22-06Gelt Holdings, Inc., Southampton, PA, to acquire up to 100% of the outstanding shares of common stock of Public Finance Services, Inc., Willow Grove, PA, and thereby indirectly acquire Public Savings Bank, Willow Grove, PA, under section 112 of the Banking Code of 1965SouthamptonApproved

Absorptions, Mergers and Consolidations

DateName of BankLocationAction
5-19-06Maryland Permanent Bank & Trust Co., Owings Mills, MD, and Northwest Merger Subsidiary II, Inc., Warren, PA
Surviving Institution--
Maryland Permanent Bank & Trust Co., Owings Mills, MD
Owings Mills, MDEffective
This merger being effected solely to facilitate the merger of Maryland Permanent Bank & Trust Co. with and into Northwest Savings Bank, Warren, PA.
Northwest Savings Bank, Warren, PA, and Maryland Permanent Bank & Trust Co., Owings Mills, MD
Surviving Institution--
Northwest Savings Bank, Warren, PA
Warren, PAEffective
Branches Acquired by Means of Merger:
9612 Reisterstown Road
Owings Mills
Baltimore County, MD
7310 Ritchie Highway
Glen Burnie
Anne Arundel County, MD

Branch Applications

DateName of BankLocationAction
5-15-06East Penn Bank
Lehigh County
502 State Road
Lehigh County
Dauphin County
1201 Carlisle Road
West Manchester Township
York County
5-18-06Citizens Bank of Pennsylvania
Philadelphia County
Shadyside Giant Eagle
5550 Centre Avenue
Allegheny County


No activity.


Absorptions, Mergers and Consolidations

DateName of Credit UnionLocationAction
5-22-06White Rose Credit Union, York, and Flinchbaugh Credit Union, Red Lion
Surviving Institution--
White Rose Credit Union, York
5-22-06Incol Credit Union, Old Forge, and Wilkes-Barre Newspapers Federal Credit Union, Kingston
Surviving Institution--
Incol Credit Union, Old Forge
Old ForgeApproved

Articles of Amendment

DateName of Credit UnionPurposeAction
5-23-06PPL G.O.L.D. Credit Union
Lehigh County
To amend Article 1 of the Articles of Incorporation to provide for a change in corporate title from PPL G.O.L.D. Credit Union to PPL GOLD Credit Union.Effective

   The Department's website at includes public notices for more recently filed applications.


[Pa.B. Doc. No. 06-988. Filed for public inspection June 2, 2006, 9:00 a.m.]

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