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COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 11-252

NOTICES

DEPARTMENT OF BANKING

Actions on Applications

[41 Pa.B. 855]
[Saturday, February 12, 2011]

 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 January 25, 2011.

 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.

BANKING INSTITUTIONS

Conversions

Date Name and Location of Applicant Action
1-25-2011 From: Cambria County Federal Savings and Loan Association
Cresson
Cambria County
Approved
To: Cresson Community Bank
Cresson
Cambria County
Application for approval to convert from a Federally-chartered mutual savings association to a Pennsylvania state-chartered mutual savings bank.

Section 112 Acquisitions

Date Name and Location of Applicant Action
1-20-2011 James Wang Approved
Application for approval to acquire up to 44.0% of the common stock of Asian Financial Corporation, Philadelphia, the parent bank holding company of Asian Bank, Philadelphia.

Holding Company Acquisitions

Date Name and Location of Applicant Action
1-18-2011 Alliance Bancorp, Inc. of Pennsylvania
Broomall
Delaware County
Effective
Acquisition of 100% of Greater Delaware Valley Savings Bank (doing business as Alliance Bank), Broomall.

Branch Applications

De Novo Branches

Date Name and Location of Applicant Location of Branch Action
12-16-2010 Penn Liberty Bank
Wayne
Chester County
654 West Lincoln Highway
Exton
Chester County
Opened
1-20-2011 First Keystone Community Bank
Berwick
Columbia County
463 West Main Street
Plymouth
Luzerne County
Filed
1-20-2011 Susquehanna Bank
Lititz
Lancaster County
203 International Drive
Hunt Valley
Baltimore County, MD
Approved

Branch Relocations

Date Name and Location of Applicant Location of Branch Action
1-13-2011 Citizens Bank of Pennsylvania
Philadelphia
Philadelphia County
To: 1671 Butler Plank Road
Glenshaw
Allegheny County
Effective
From: 1700 William Flynn Parkway
Glenshaw
Allegheny County

Branch Discontinuances

Date Name and Location of Applicant Location of Branch Action
1-20-2011 New Century Bank
Phoenixville
Chester County
457 Haddonfield Road
Suite 100
Cherry Hill
Camden County, NJ
Approved
1-20-2011 VIST Bank
Wyomissing
Berks County
190 East DeKalb Pike
King of Prussia
Montgomery County
Approved
1-21-2011 Northwest Savings Bank
Warren
Warren County
117 North Allegheny Street
Bellefonte
Centre County
Filed

SAVINGS INSTITUTIONS

No activity.

CREDIT UNIONS

Consolidations, Mergers, and Absorptions

Date Name and Location of Applicant Action
1-25-2011 Freedom Credit Union
Warminster
Bucks County
Filed
Application for approval to merge Salem Federal Credit Union, Jenkintown, with and into Freedom Credit Union, Warminster.

 The Department's web site at www.banking.state.pa.us includes public notices for more recently filed applications.

PAUL WENTZEL, 
Acting Secretary

[Pa.B. Doc. No. 11-252. Filed for public inspection February 11, 2011, 9:00 a.m.]



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