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COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 05-716

NOTICES

DEPARTMENT OF BANKING

Action on Applications

[35 Pa.B. 2317]

   The Department of Banking, 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 April 5, 2005.

BANKING INSTITUTIONS

Mutual Holding Company Reorganizations

DateName of BankLocationAction
3-28-05North Penn Bank
Scranton
Lackawanna County
ScrantonApproved
Application represents reorganization into a mutual holding company to be known as North Penn Mutual Holding Company.

Holding Company Acquisitions

DateName of CorporationLocationAction
4-1-05Gelt Holdings, Inc., to acquire 100% of Public Finance Service, Inc., Willow GroveWillow GroveFiled

New Charter Applications

DateName of BankLocationAction
3-29-05Valley Green Bank
Philadelphia
Philadelphia County
7226-34 Germantown Avenue
Philadelphia
Philadelphia County
Filed
Correspondent
B. Tyler Lincoln, Esq.
Stradley, Ronon, Stevens & Young, LLP
30 Valley Stream Parkway
Malvern, PA 19355

Conversions

DateName of BankLocationAction
3-31-05The Marion Center National Bank
Marion Center
Indiana County
         To:
Marion Center Bank
Marion Center
Indiana County
Marion CenterEffective
Represents conversion from a National banking association to a State-chartered commercial bank. Marion Center Bank is a wholly-owned banking subsidiary of Community Bankers Corporation, Marion Center, an existing bank holding company.
Branches Acquired by Means of Conversion:
106 West Main Street
Dayton
Armstrong County
326 East Main Street
Big Run
Jefferson County
750 Franklin Street
Clymer
Indiana County
514 West Mahoning Street
Punxsutawney
Jefferson County
162 Route 119 North
Indiana
Indiana County

SAVINGS INSTITUTIONS

No activity.

CREDIT UNIONS

Consolidations, Mergers and Absorptions

DateName of Credit UnionLocationAction
3-31-05Atlantic Credit Union, Newton Square, and Citadel Federal Credit Union, Thorndale
Surviving Institution--
Citadel Federal Credit Union, Thorndale
Newton SquareEffective
4-1-05Corry Jamestown Credit Union, Corry, and Corry Foam Employees Federal Credit Union, Corry
Surviving Institution--
Corry Jamestown Credit Union, Corry
CorryEffective

A. WILLIAM SCHENCK, III,   
Secretary

[Pa.B. Doc. No. 05-716. Filed for public inspection April 15, 2005, 9:00 a.m.]



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