DEPARTMENT OF BANKING AND SECURITIES
Actions on Applications
[50 Pa.B. 3015]
[Saturday, June 20, 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 June 9, 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 06-09-2020 Citizens & Northern Corporation
Approved Application for approval to acquire 100% of Covenant Financial, Inc., Doylestown, and thereby indirectly acquire 100% of Covenant Bank, Doylestown.
Consolidations, Mergers and Absorptions
Date Name and Location of Applicant Action 06-09-2020 Citizens & Northern Bank
Approved Application for approval to merge Covenant Bank, Doylestown, with and into Citizens & Northern Bank.
Articles of Amendment
Date Name and Location of Institution Action 06-08-2020 Coatesville Savings Bank
Approved Amendment to Article 1 of the institution's Articles of Incorporation provides for a change in the bank's corporate title to Prosper Bank. 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. 20-787. Filed for public inspection June 19, 2020, 9:00 a.m.]
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