DEPARTMENT OF BANKING AND SECURITIES
Actions on Applications
[50 Pa.B. 2844]
[Saturday, June 6, 2020]
The Department of Banking and Securities (Department), under the authority in the Banking Code of 1965 (7 P.S. §§ 101—2204), the Department of Banking and Securities Code (71 P.S. §§ 733-1—733-1203) and 17 Pa.C.S. (relating to Credit Union Code), has taken the following actions on applications received for the week ending May 26, 2020.
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, Bank Supervision or Credit Union and Trust Supervision (as applicable), 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, for banks (717) 783-8240 and for credit unions and trust companies (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 05-01-2020 Fidelity D & D Bancorp, Inc.
Effective Application for approval to acquire 100% of MNB Corporation, Bangor, and thereby indirectly acquire 100% of Merchants Bank of Bangor, Bangor.
Consolidations, Mergers and Absorptions
Date Name and Location of Applicant Action 05-01-2020 William Penn Bank
Effective Merger of Fidelity Savings and Loan Association of Bucks County, Bristol, with and into William Penn Bank. All branch offices of Fidelity Savings and Loan Association of Bucks County will become branch offices of William Penn Bank including the former main office of Fidelity Savings and Loan Association of Bucks County located at: 237 Radcliffe Street
05-01-2020 William Penn Bank
Effective Merger of Washington Savings Bank, Philadelphia, with and into William Penn Bank. All branch offices of Washington Savings Bank will become branch offices of William Penn Bank including the former main office of Washington Savings Bank located at: 2900 Comly Road
05-01-2020 The Fidelity Deposit and Discount Bank
Effective Merger of Merchants Bank of Bangor, Bangor, with and into The Fidelity Deposit and Discount Bank. All branch offices of Merchants Bank of Bangor will become branch offices of The Fidelity Deposit and Discount Bank including the former main office of Merchants Bank of Bangor located at: 25 Broadway
De Novo Branches
Date Name and Location of Applicant Location of Branch Action
05-19-2020 Republic First Bank
1090 Third Avenue
New York County, NY
Articles of Amendment
Date Name and Location of Institution Action 05-26-2020 The Pennsylvania Trust Company
Effective Amendment to Article 1 of the institution's Articles of Incorporation provides for a change in corporate title from ''The Pennsylvania Trust Company'' to ''Fiduciary Trust Company International of Pennsylvania.'' Articles of Amendment provide for the institution's Articles of Incorporation to be amended and restated in their entirety.
CREDIT UNIONS No activity.
The Department's web site at www.dobs.pa.gov includes public notices for more recently filed applications.
[Pa.B. Doc. No. 20-738. Filed for public inspection June 5, 2020, 9:00 a.m.]
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