DEPARTMENT OF BANKING
Actions on Applications
[40 Pa.B. 7110]
[Saturday, December 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 November 23, 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.
De Novo Branches
Date Name and Location of Applicant Location of Branch Action 11-12-2010 First Commonwealth Bank
345 Court Street
(Limited Service Facility)
Opened 11-15-2010 Northwest Savings Bank
10444 US Highway 522
Date Name and Location of Applicant Location of Branch Action 11-12-2010 Northwest Savings Bank
51 West Market Street
Articles of Amendment
Date Name and Location of Institution Action 11-16-2010 Public Savings Bank
Filed Amendment to Article III of the institution's Articles of Incorporation increases the total number of shares of all capital stock which the institution shall have the authority to issue from 4,000,000 shares to 12,000,000 shares of capital stock by: (i) increasing the number of shares of voting common stock from 3,000,000 shares to 5,000,000 shares, having no par value per share; (ii) creating a new class of capital stock consisting of 5,000,000 shares of non-voting common stock with no par value; and (iii) increasing the shares of preferred stock from 1,000,000 shares to 2,000,000 shares of preferred stock, having such par value or no par value as may be determined by the Board of Trustees of the institution.
The Department's web site at www.banking.state.pa.us includes public notices for more recently filed applications.
[Pa.B. Doc. No. 10-2364. Filed for public inspection December 10, 2010, 9:00 a.m.]
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