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COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 06-21

NOTICES

DEPARTMENT OF BANKING

Action on Applications

[36 Pa.B. 34]

   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 9, 2002 (P. L. 1572, No. 207), known as the Credit Union Code, has taken the following action on applications received for the week ending December 27, 2005.

BANKING INSTITUTIONS

Holding Company Acquisitions

DateName of CorporationLocationAction
12-19-05Application of Relational Investors, LLC, San Diego, CA, to solicit and act as proxy for more than 10% of the outstanding shares of common stock of Sovereign Bancorp, Inc., Philadelphia, PA, under the provisions of section 112 of the Banking Code of 1965San Diego, CAApproved

Consolidations, Mergers and Absorptions

DateName of BankLocationAction
12-2-05Fulton Bank
Lancaster
Lancaster County
LancasterEffective
Purchase of assets/assumption of liabilities of one branch of Susquehanna Bank PA, Lititz
Located at:
2305 Susquehanna Trail North
York
York County
The subject branch was immediately consolidated into an existing branch of Fulton Bank located at 3183 Susquehanna Trail, York, York County.
12-19-05Affinity Bank of Pennsylvania
Wyomissing
Berks County
WyomissingEffective
Purchase of assets/assumption of liabilities of one branch of Susquehanna Patriot Bank, Marlton, NJ
Located at:
3101 Shillington Road
Sinking Spring
Berks County
12-20-05Maryland Permanent Bank & Trust Co., Owings Mills, MD, and Northwest Merger Subsidiary II, Inc., Warren, PA Surviving Institution--Maryland Permanent Bank & Trust Co., Owings Mills, MD Owings Mills, MDFiled
12-20-05Northwest Savings Bank, Warren, PA, and Maryland Permanent Bank & Trust Co., Owings Mills, MD
Surviving Institution--Northwest Savings Bank, Warren PA
Warren, PAFiled
12-21-05First Commonwealth Bank, Indiana, and First Commonwealth Trust Company, Indiana; First Commonwealth Systems Corporation; and First Commonwealth Professional Resources, Inc.
Surviving Institution--First Commonwealth Bank, Indiana
IndianaApproved
All of the merger proponents are wholly-owned subsidiaries of First Commonwealth Financial Corporation, Indiana, a bank holding company.

Branch Applications

DateName of BankLocationAction
12-22-05Northwest Savings Bank
Warren
Warren County
36 West Main Street
Rochester
Monroe County, NY
Filed

Branch Relocations/Consolidations

DateName of BankLocationAction
12-21-05Citizens Bank of Pennsylvania
Philadelphia
Philadelphia County
Into:2015 Cottman Avenue
Philadelphia
Philadelphia County
Filed
From:7935 Bustleton Avenue
Philadelphia
Philadelphia County

Branch Discontinuances

DateName of BankLocationAction
12-21-05Citizens Bank of Pennsylvania
Philadelphia
Philadelphia County
Application to discontinue four branch offices at the following locations:Filed
3890 Bigelow Boulevard
Pittsburgh
Allegheny County
1122 Seventh Avenue
Beaver Falls
Beaver County
392 Franklin Avenue
Aliquippa
Beaver County
419 North 7th Street
Altoona
Blair County

SAVINGS INSTITUTIONS

No activity.

CREDIT UNIONS

Conversions

DateName of Credit UnionLocationAction
12-20-05Corry Jamestown Credit Union
Corry
Erie County
CorryApproved
Represents conversion from an occupational-based credit union to a community charter; said conversion will be completed by filing Articles of Amendment with the Department of State which will amend Article 8 of the Articles of Incorporation by extending the field of membership of the credit union to include persons who live, work, worship, perform volunteer services, attend school, and businesses and other legal entities located in the area which constitutes the Corry Area School District.

Consolidations, Mergers and Absorptions

DateName of Credit UnionLocationAction
12-20-05Tri-County Area Federal Credit Union, Pottstown, and KCC Credit Union, Boyertown
Surviving Institution--Tri-County Area Federal Credit Union, Pottstown
PottstownApproved

A. WILLIAM SCHENCK, III,   
Secretary

[Pa.B. Doc. No. 06-21. Filed for public inspection January 6, 2006, 9:00 a.m.]



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