NOTICES
DEPARTMENT OF BANKING
Actions on Applications
[37 Pa.B. 4655]
[Saturday, August 25, 2007]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 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 14, 2007.
BANKING INSTITUTIONS
Mutual Holding Company Reorganization
Date Name of Bank Location Action 8-13-07 North Penn Bank
Scranton
Lackawanna CountyScranton Approved North Penn Bank (the Bank), which is currently organized in mutual holding company structure, including a mid-tier bank holding company, North Penn Bancorp, Inc. (the Mid-Tier), under North Penn Mutual Holding Company (the MHC), is proposing to reorganize by converting the MHC and the Mid-Tier to Federal charters and then creating a thrift holding company and three interim banks (the Interims) and thereafter merging the Mid-Tier and the MHC into the Bank and then merging the Interims into the Bank. The resulting structure will be a stock Federal Thrift Holding Company, New North Penn Bancorp, Inc., which will own all of the shares of the Bank.
Branch Applications
Date Name of Bank Location Action 8-6-07 Marquette Savings Bank
Erie
Erie County1073 Park Avenue
Meadville
Crawford CountyOpened
SAVINGS INSTITUTIONS
No activity.
CREDIT UNIONS
No activity. The Department's website at www.banking.state.pa.us includes public notices for more recently filed applications.
VICTORIA A. REIDER,
Acting Secretary
[Pa.B. Doc. No. 07-1554. Filed for public inspection August 24, 2007, 9:00 a.m.]
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