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COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 97-879

NOTICES

DEPARTMENT OF BANKING

Action on Applications

[27 Pa.B. 2651]

   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 May 20, 1997.

BANKING INSTITUTIONS

Charter Applications

DateName of BankLocationAction
5-16-97Penncore Phantom Savings Bank
Newtown
Bucks County
NewtownFiled
Application to charter an interim bank will be used to facilitate the acquisition of Commonwealth State Bank, Newtown, by ML Bancorp, Inc., Villanova.

Conversions

DateName of InstitutionLocationAction
5-15-97Farmers Building and Loan
   Association
Rochester
Beaver County
RochesterApproved
   To:
Farmers Building and Savings Bank
Rochester
Beaver County
Application represents conversion from a State-chartered mutual savings association to a State-chartered mutual savings bank.

Consolidations, Mergers and Absorptions

DateName of BankLocationAction
5-15-97Johnstown Bank and Trust
   Company
Johnstown
Cambria County
JohnstownApproved
Purchase of Assets/Assumption of Liabilities of three branches of National City Bank of Pennsylvania, Pittsburgh, located at:
210 East Main Street
Everett
Bedford County
102 North Grant Street
Salisbury
Somerset County
229 Main Street
Meyersdale
Somerset County

Branch Applications

DateName of BankLocationAction
4-28-97Summit Bank
Bethlehem
Northampton County
Pathmark Supermarket
700 York Avenue
Warminster
Bucks County
Opened
5-5-97Beneficial Mutual Savings Bank
Philadelphia
Philadelphia County
4733 West Chester Pike
Newtown Square
Delaware County
(Approved as 4701 West
Chester Pike, Edgmont)
Opened

Branch Discontinuances

DateName of BankLocationAction
4-25-97Summit Bank
Bethlehem
Northampton County
3933 Freemansburg Ave.
Bethlehem
Northampton County
Effective
5-16-97Wayne Bank
Honesdale
Wayne County
Jackson Street
Thompson
Susquehanna County
Filed

SAVINGS ASSOCIATIONS

Consolidations, Mergers and Absorptions

DateName of AssociationLocationAction
5-12-97Prudential Savings Bank, PaSA
Philadelphia
Philadelphia County
PhiladelphiaEffective
Purchase of assets/assumption of liabilities of two branch offices of Roxborough-Manayunk Federal Savings Bank, Philadelphia, located at:
1722 South Broad Street
Philadelphia
Philadelphia County
601 Morgan Avenue
Drexel Hill
Delaware County
Upon the effective date of the above-noted acquisition, the institution's existing branch office located at 1903 South Broad Street will be discontinued and all accounts will be transferred to the branch office located at 1722 South Broad Street.

CREDIT UNIONS

Conversions

DateName of Credit UnionLocationAction
5-15-97Norristown Bell Federal
   Credit Union
Blue Bell
Montgomery County
Blue BellApproved
   To:
Norristown Bell Credit Union
Blue Bell
Montgomery County
Represents conversion from a Federally-chartered credit union to State-chartered credit union.
5-19-97Incol Credit Union, Old Forge,
   and Topps Employees Federal
   Credit Union, Duryea
   Surviving Institution--
   Incol Credit Union, Old Forge
Old ForgeApproved
and
Effective

RICHARD C. RISHEL,   
Secretary

[Pa.B. Doc. No. 97-879. Filed for public inspection May 30, 1997, 9:00 a.m.]



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