DEPARTMENT OF BANKING
Actions on Applications
[40 Pa.B. 1537]
[Saturday, March 20, 2010]
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 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 March 9, 2010.
Under section 503.E of the Department of Banking Code (71 P. S. § 733-503.E), any person wishing to comment on the following applications, with the exception of branch applications, may file their comments in writing with the Department of Banking, Corporate Applications Division, 17 North Second Street, Suite 1300, Harrisburg, PA 17101-2290. Comments must be received no later than 30 days from the date notice regarding receipt of the application is published in the Pennsylvania Bulletin. The nonconfidential portions of the applications are on file at the Department and are available for public inspection, by appointment only, during regular business hours. To schedule an appointment, contact the Corporate Applications Division at (717) 783-2253. Photocopies of the nonconfidential portions of the applications may be requested consistent with the Department's Right-to-Know Law Records Request policy.
Section 112 Acquisitions
Date Name and Location of Applicant Action 3-9-2010 First Niagara Financial Group, Inc. Buffalo, NY Approved Application for approval to acquire up to 19.9% of the common stock of Berkshire Bancorp, Inc., Wyomissing, and thereby indirectly acquire up to 19.9% of the common stock of Berkshire Bank, Wyomissing.
Holding Company Acquisitions
Date Name and Location of Applicant Action 3-9-2010 Tower Bancorp, Inc.
Filed Application for approval to acquire 100% of First Chester County Corporation, West Chester, and thereby indirectly acquire 100% of First National Bank of Chester County, West Chester. 3-9-2010 First Niagara Financial Group, Inc.
Approved Application for approval to acquire of 100% of Harleysville National Corporation, Harleysville, and thereby indirectly acquire 100% of The Harleysville National Bank and Trust Company, Harleysville.
Consolidations, Mergers, and Absorptions
Date Name and Location of Applicant Action 3-9-2010 Graystone Tower Bank
Filed Application for approval to merge First National Bank of Chester County, West Chester, with and into Graystone Tower Bank, Lancaster.
De Novo Branches
Date Name and Location of Applicant Location of Branch Action 2-26-2010 Harleysville Savings Bank
41 County Line Road
Opened 3-1-2010 Graystone Tower Bank
329 East Beaver Avenue
Date Name and Location of Applicant Location of Branch Action 3-9-2010 Graystone Tower Bank
To: 800 Norland Avenue
Approved From: 488 Gateway Avenue
3-9-2010 Northwest Savings Bank
To: 841 West Erie Plaza
Approved From: 2256 West 8th Street
The Department's web site at www.banking.state.pa.us includes public notices for more recently filed applications.
[Pa.B. Doc. No. 10-504. Filed for public inspection March 19, 2010, 9:00 a.m.]
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