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COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 96-487

NOTICES

DEPARTMENT OF BANKING

Action on Applications

[26 Pa.B. 1389]

   The Department of Banking of the Commonwealth of Pennsylvania, 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 March 19, 1996.

BANKING INSTITUTIONS

Bank Holding Company Acquisitions

DateName of CorporationLocationAction
3-14-96ExecuFirst Bancorp, Inc.,
   Philadelphia, to acquire
   100% of the voting shares
   of Republic Bancorporation, Inc.,
   Philadelphia
PhiladelphiaFiled

Conversions

DateName of BankLocationAction
3-13-96Prime Bank
Philadelphia
Philadelphia County
6425 Rising Sun Ave.
Philadelphia
Philadelphia County
Approved
Effective
3-19-96
   To:
Prime Bank, a savings bank
Philadelphia
Philadelphia County
Represents conversion from a Federally-chartered stock savings bank to a State-chartered stock savings bank. Subject institution is wholly-owned by Prime Bancorp, Inc., Philadelphia, a thrift holding company.
Branches Acquired:
1000 Cottman Avenue
Philadelphia
Philadelphia County
Benjamin Fox Pavillion
261 Old York Road
Jenkintown
Montgomery County
1695 Grant Avenue
Philadelphia
Philadelphia County
423 E. Girard Avenue
Philadelphia
Philadelphia County
14425 Bustleton Avenue
Philadelphia
Philadelphia County
755 Oxford Valley Road
Fairless Hills
Bucks County
1841 E. Allegheny Avenue
Philadelphia
Philadelphia County
8500 Germantown Avenue
Philadelphia
Philadelphia County
521 Stump Road
North Wales
Montgomery County
18th and JFK Boulevard
Philadelphia
Philadelphia County
301 Horsham Road
Horsham
Montgomery County
Moreland Plaza Shopping Center
Old York and Moreland Rds.
Willow Grove
Montgomery County
723 Street Road
Southampton
Bucks County
Bethayres Shopping Center
618 Welsh Road
Huntingdon Valley
Montgomery County
984 Second Street Pike
Richboro
Bucks County
10 South Street
Yardley
Bucks County
3-18-96Pennwood Savings Bank
Pittsburgh
Allegheny County
PittsburghFiled
Application represents conversion from a State-chartered mutual savings bank to a State-chartered stock savings bank.

Consolidations, Mergers and Absorptions

DateName of BankLocationAction
3-14-96Republic Bank, Philadelphia,
   and First Executive Bank,
   Philadelphia
   surviving institution--
   Republic Bank, Philadelphia
PhiladelphiaFiled
3-15-96Wayne Bank, Honesdale, and
   Wayne Interim Bank, Honesdale
   surviving institution--
   Wayne Bank, Honesdale
HonesdaleApproved
Subject merger is being affected solely to facilitate the acquisition of Wayne Bank, Honesdale, by Norwood Financial Corp., Honesdale, a bank holding company in organization.
3-15-96First Commonwealth Bank
Indiana
Indiana County
IndianaFiled
Purchase of assets/assumption
of liabilities of one
branch office of Moxham National
Bank, Johnstown, located at:
Salem Plaza
Route 22
Delmont
Westmoreland County
3-15-96Harris Savings Bank,
   Harrisburg, and First
   Federal Savings and
   Loan Association of
   Harrisburg, Harrisburg
   surviving institution--
   Harris Savings Bank,
   Harrisburg
HarrisburgApproved

Branch Applications

DateName of BankLocationAction
3-11-96Mid-State Bank and
   Trust Company
Altoona
Blair County
1115--1119 12th Ave.
Altoona
Blair County
(Drive-Up Facility)
Opened
3-14-96Financial Trust Company
Carlisle
Cumberland County
1 Forge Road
Boiling Springs
S. Middleton Twp.
Cumberland County
Approved
3-14-96Northwest Savings Bank
Warren
Warren County
Cranberry Mall
Routes 257 and 322
Cranberry Township
Venango County
Filed

Branch Discontinuances

DateName of BankLocationAction
3-14-96Dauphin Deposit Bank
   and Trust Company
Harrisburg
Dauphin County
760 Cumberland St.
Lebanon
Lebanon County
Approved

SAVINGS ASSOCIATIONS

No activity.

CREDIT UNIONS

No activity.

RICHARD C. RISHEL,   
Secretary

[Pa.B. Doc. No. 96-487. Filed for public inspection March 29, 1996, 9:00 a.m.]



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