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COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 06-1611

NOTICES

DEPARTMENT OF BANKING

Action on Applications

[36 Pa.B. 4617]
[Saturday, August 19, 2006]

   The Department of Banking (Department), 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 August 1, 2006.

BANKING INSTITUTIONS

Holding Company Acquisitions

DateName of CorporationLocationAction
7-27-06First Commonwealth Financial Corporation, Indiana, to acquire 100% of Laurel Capital Group, Inc., Allison ParkIndianaApproved

New Charter Applications

DateName of BankLocationAction
7-25-06Hometown Bank of Pennsylvania
Bedford
Bedford County
BedfordFiled
Correspondent:
David R. Payne, Esq.
Stevens & Lee
P. O. Box 62330
King of Prussia, PA 19406
7-28-06Conestoga Bank
Chester Springs
Chester County
165 Pottstown Pike
Chester Springs
Chester County
Commenced Operations
Conestoga Bank is a wholly owned banking subsidiary of Conestoga Bancorp, Inc., Chester Springs,
a new bank holding company. The bank is also a member of the Federal Reserve Board.

Interim Charter Applications

DateName of BankLocationAction
7-26-06Graystone Interim Bank
Lancaster
Lancaster County
LancasterApproved
Graystone Interim Bank is being formed solely to facilitate the acquisition of Graystone Bank by Graystone Financial Corp., which is being formed as part of the bank's reorganization into a bank holding company structure.

Consolidations, Mergers and Absorptions

DateName of BankLocationAction
7-27-06First Commonwealth Bank,
Indiana, and Laurel Savings Bank,
Allison Park
Surviving Institution--
First Commonwealth Bank, Indiana
IndianaApproved
7-27-06Graystone Interim Bank, Lancaster, and Graystone Bank, Lancaster
Surviving Institution--
Graystone Interim Bank, Lancaster
LancasterFiled
The merger application is being filed in connection with Graystone Bank's proposed
reorganization into a bank holding company structure.

Branch Applications

DateName of BankLocationAction
7-31-06Community First Bank
Reynoldsville
Jefferson County
120 Indiana Street
Punxsutawney
Jefferson County
Approved
7-31-06Keystone Nazareth Bank & Trust Co.
Bethlehem
Northampton County
2400 Schoenersville Road
Bethlehem
Northampton County
Approved
7-31-06Northwest Savings Bank
Warren
Warren County
605 East DuBois Avenue
DuBois
Clearfield County
Approved
7-31-06Northwest Savings Bank
Warren
Warren County
Warren Commons Shopping Center
Routes 62 and 69
Conewango Township
Warren County
Approved
7-31-06Fulton Bank
Lancaster
Lancaster County
2009-2017 North Atherton Street
State College
Patton Township
Centre County
Approved

Branch Relocations

DateName of BankLocationAction
8-1-06Fulton Bank
Lancaster
Lancaster County
To:Route 10
Lower Oxford Township
Chester County
Filed
From:18 South 3rd Street
Oxford
Chester County

Branch Discontinuances

DateName of BankLocationAction
7-31-06First Commonwealth Bank
Indiana
Indiana County
Logan Valley Mall
West Plank Road
Altoona
Logan Township
Blair County
(Drive-Up Facility)
Approved

SAVINGS INSTITUTIONS

No activity.

CREDIT UNIONS

Branch Relocations

DateName of Credit UnionLocationAction
7-31-06Franklin-Oil Region Credit Union
Franklin
Venango County
To:102 State Street
Oil City
Venango County
Approved
From:101 State Street
Oil City
Venango County
Approved

   The Department's website at www.banking.state.pa.us includes public notices for more recently filed applications.

A. WILLIAM SCHENCK, III,   
Secretary

[Pa.B. Doc. No. 06-1611. Filed for public inspection August 18, 2006, 9:00 a.m.]



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