Actions on Applications
[40 Pa.B. 5202]
[Saturday, September 11, 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 August 31, 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 8-25-2010 George W. Connell Revocable Trust Filed Application for approval to acquire 100% of the common stock of Drexel Morgan & Co., Radnor, the parent financial holding company of The Haverford Trust Company, Radnor.
De Novo Branches
Date Name and Location of Applicant Location of Branch Action 8-25-2010 Citizens Bank of Pennsylvania
1071 Baltimore Pike
Filed 8-30-2010 Citizens Bank of Pennsylvania
475 Ben Franklin Road
Articles of Amendment
Date Name and Location of Institution Action 8-30-2010 Standard Bank, PaSB
Filed Articles of Amendment provide for the institution's Articles of Incorporation to be amended and restated in their entirety to: (i) provide that a liquidation account be established in Standard Bank, PaSB (Standard Bank) for certain depositors of Standard Bank in connection with the conversion (the Conversion) of Standard Mutual Holding Company, the current mutual holding company for Standard Bank, from the mutual to the stock form of organization; (ii) to prohibit any person or entity other than Standard Financial Corp., the Maryland corporation that will become the new holding company for Standard Bank upon completion of the Conversion, from acquiring beneficial ownership of over 10% of Standard Bank for a period of 5 years following the Conversion; and (iii) to remove from Standard Bank's Articles of Incorporation information relating to the incorporators and the first directors of Standard Bank.
Date Name and Location of Applicant Location of Branch Action 8-31-2010 Viriva Community Credit Union
205 West Germantown Pike
The Department's web site at www.banking.state.pa.us includes public notices for more recently filed applications.
[Pa.B. Doc. No. 10-1686. Filed for public inspection September 10, 2010, 9:00 a.m.]
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