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COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 06-331

NOTICES

DEPARTMENT OF BANKING

Action on Applications

[36 Pa.B. 961]

   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 February 14, 2006.

BANKING INSTITUTIONS

Holding Company Acquisitions

DateName of CorporationLocationAction
1-26-06National Penn Bancshares, Inc., Boyertown, acquired 100% of the voting shares of Nittany Financial Corp., State College, and thereby acquire indirectly, Nittany Bank, State CollegeBoyertown Effective
2-6-06Orrstown Financial Services, Inc., Shippensburg, to acquire 100% of the voting shares of The First National Bank of Newport, NewportShippensburgFiled
2-10-06Tower Bancorp, Inc., Greencastle, to acquire 100% of the voting shares of FNB Financial Corporation, McConnellsburg, and thereby acquire indirectly, The First National Bank of McConnellsburgGreencastleFiled

Branch Applications

DateName of BankLocationAction
2-8-06Woodlands Bank
Williamsport
Lycoming County
1980 West Fourth Street
Williamsport
Lycoming County
Approved
2-8-06Northwest Savings Bank
Warren
Warren County
1055 Union Road
West Seneca
Buffalo
Erie County, NY
Approved
2-8-06Farmers and Merchants Trust
Company of Chambersburg
Chambersburg
Franklin County
518 North Antrim Way
Greencastle
Franklin County
Approved

Branch Discontinuances

DateName of BankLocationAction
1-31-06Keystone Nazareth Bank & Trust
Bethlehem
Northampton County
500 Route 940
Mt. Pocono
Monroe County
Effective

SAVINGS INSTITUTIONS

No activity.

CREDIT UNIONS

Conversions

Date Name of Credit UnionLocationAction
Revision
1-23-06White Rose Credit Union
York
York County
YorkFiled
Application represents conversion from occupational-based credit union to a community charter with a proposed field of membership consisting of ''all people who live, work, worship, attend school in, and businesses and other legal entities in York and Adams County, in the Commonwealth of Pennsylvania.''
2-10-06Franklin-Oil Region Credit Union
Franklin
Venango County
FranklinEffective
Represents conversion from an occupational-based credit union to a community charter; said conversion will be completed by filing Articles of Amendment with the Department of State (see following).

Consolidations, Mergers and Absorptions

DateName of Credit UnionLocationAction
2-2-06Freedom Credit Union, Philadelphia, and The Church of the Redeemer Federal Credit Union, Philadelphia Surviving Institution--
Freedom Credit Union, Philadelphia
Philadelphia Filed

Articles of Amendment

DateName of Credit UnionPurposeAction
2-10-06Franklin-Oil Region Credit Union
Franklin
Venango County
Amendment to Article 8 of the
Articles of Incorporation provides for a change in the field of membership of said credit union to include, ''All people who live, work, worship, volunteer, attend school in and business and other legal entities in Venango County, in the Commonwealth of Pennsylvania.''
Effective

   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. 06-331. Filed for public inspection February 24, 2006, 9:00 a.m.]



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