DEPARTMENT OF BANKING
Action on Applications
[37 Pa.B. 959]
[Saturday, February 24, 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 February 13, 2007.
New Charter Applications
Date Name of Bank Location Action 2-9-07 Colonial American Bank
300 Conshohocken State Road
Commenced Operations 2-9-07 The Victory Bank
Limerick Township Filed Correspondent: Christina M. Gattuso, Esq.
Muldoon Murphy & Aguggia, LLP
5101 Wisconsin Avenue, N.W.
Washington, D.C. 20016
Holding Company Acquisitions
Date Name of Corporation Location Action 2-12-07 Citizens & Northern Corporation, Wellsboro, to acquire 100% of the voting shares of Citizens Bancorp, Inc., Coudersport Wellsboro Filed
Section 112 Application
Date Name of Individual Action 2-12-07 Application of George W. Connell to acquire up to 19.99% of the outstanding shares of common stock of the Bryn Mawr Bank Corporation, Bryn Mawr, PA, under section 112 of the Banking Code of 1965. Approved
CONSOLIDATIONS, MERGERS AND ABSORPTIONS
Date Name of Bank Location Action 2-7-07 CommunityBanks, Millersburg,
and East Prospect State Bank,
Millersburg Approved 2-7-07 CommunityBanks, Millersburg, and BUCS Federal Bank, Owings Mills, Maryland
Millersburg Approved 2-8-07 Orrstown Bank, Shippensburg and The First National Bank of Newport, Newport
Orrstown Bank, Shippensburg
Shippensburg Filed Both banks are wholly-owned subsidiaries of Orrstown Financial Services, Inc., Shippensburg. 2-20-07 Citizens & Northern Bank, Wellsboro, and Citizens Trust Company, Coudersport
Citizens & Northern Bank, Wellsboro
Date Name of Bank Location Action 1-28-07 Beneficial Mutual Savings Bank
483 Berlin Cross Keys Road
Camden County, NJ
Opened 2-8-07 Graystone Bank
1830 S. Atherton Street
Approved 2-8-07 Graystone Bank
39 N. Market Street
Approved 2-8-07 Firstrust Savings Bank
Shoppes at Sycamore Street within the perimeters of Durham Road, Sycamore Street, Silo Drive and Ice Cream Alley
Approved 2-9-07 Beneficial Mutual Savings Bank
South Brinton Lake Road and Baltimore Pike
Filed 2-12-07 Penn Liberty Bank
1301 Paoli Pike
Approved 2-12-07 Penn Liberty Bank
2724 Ridge Avenue
Date Name of Bank Location Action 2-12-07 CommunityBanks
1415 Ritner Highway
Date Name of Association Location Action 2-8-07 ESSA Bank & Trust
Stroudsburg Approved Represents conversion from a mutual savings association to a stock savings association and concurrent formation of a thrift holding company, ESSA Bancorp, Inc., that will own 100% of the common stock of the association.
The Department's website at www.banking.state.pa.us includes public notices for more recently filed applications.
VICTORIA A. REIDER,
[Pa.B. Doc. No. 07-313. Filed for public inspection February 23, 2007, 9:00 a.m.]
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