DEPARTMENT OF BANKING AND SECURITIES
Actions on Applications
[50 Pa.B. 6268]
[Saturday, November 7, 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 October 27, 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 10-19-2020 William Penn Bancorporation
Filed Application for approval to acquire 100% of William Penn Bank, Bristol, PA.
De Novo Branches
Date Name and Location of Applicant Location of Branch Action 10-22-2020 Middletown Valley Bank
Frederick County, MD
11337 Buchanan Trail East
Franklin County, PA
Filed 10-22-2020 InFirst Bank
909 Menoher Boulevard
Date Name and Location of Applicant Location of Branch Action 10-26-2020 The Dime Bank
To: 1564 Route 507
Filed From: 1586 Route 507
Articles of Amendment
Date Name and Location of Institution Action 09-03-2020 Bank of Bird-in-Hand
Effective Amendment to Article V of the institution's Articles of Incorporation provides for an increase in the authorized number of shares of common stock, par value $1 per share, from 20 million to 50 million and to authorize 2 million shares of preferred stock, par value $1 per share, and provide the bank's Board of Directors with the ability to establish classes of preferred stock with differing rights, privileges, preferences, redemption and voting rights. 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. 20-1543. Filed for public inspection November 6, 2020, 9:00 a.m.]
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