DEPARTMENT OF BANKING AND SECURITIES
Actions on Applications
[47 Pa.B. 7864]
[Saturday, December 30, 2017]
The Department of Banking and Securities (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 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 December 19, 2017.
Under section 503.E of the Department of Banking and Securities Code (71 P.S. § 733-503.E), any person wishing to comment on the following applications, with the exception of branch applications, may file comments in writing with the Department of Banking and Securities, 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.
Holding Company Acquisitions
Date Name and Location of Applicant Action 12-14-2017 Atlantic Community Bancshares, Inc.
Approved Application for approval to acquire 100% of BBN Financial Corp., Glastonbury, CT, and thereby indirectly acquire 100% of Bankers' Bank Northeast, Glastonbury, CT. 12-15-2017 Bryn Mawr Bank Corporation
Effective Application for approval to acquire 100% of Royal Bancshares of Pennsylvania, Inc., Narberth, and thereby indirectly acquire 100% of Royal Bank America, Narberth.
Consolidations, Mergers and Absorptions
Date Name and Location of Applicant Action 12-14-2017 Atlantic Community Bankers Bank
Approved Application for approval to merge Bankers' Bank Northeast, Glastonbury, CT, with and into Atlantic Community Bankers Bank, Camp Hill, PA. 12-15-2017 The Bryn Mawr Trust Company
Effective Merger of Royal Bank America, Narberth, with and into The Bryn Mawr Trust Company, Bryn Mawr. All branch offices of Royal Bank America will become branch offices of The Bryn Mawr Trust Company including the former main office of Royal Bank America located at: 732 Montgomery Avenue
De Novo Branches
Date Name and Location of Applicant Location of Branch Action 11-16-2017 CNB Bank
5190 Sheridan Drive
Erie County, NY
Opened 12-14-2017 Somerset Trust Company
12120 US 30
Approved 12-14-2017 York Traditions Bank
100-102 North George Street
Date Name and Location of Applicant Location of Branch Action 12-1-2017 Citizens Bank of Pennsylvania
12301 Knights Road
Closed 12-1-2017 Citizens Bank of Pennsylvania
777 Park Avenue
Closed 12-1-2017 CNB Bank
1605 Marion Road
Crawford County, OH
Closed 12-8-2017 First Commonwealth Bank
2121 Bethel Road
Franklin County, OH
The Department's web site at www.dobs.pa.gov includes public notices for more recently filed applications.
ROBIN L. WIESSMANN,
[Pa.B. Doc. No. 17-2177. Filed for public inspection December 29, 2017, 9:00 a.m.]
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