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COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 06-2062

NOTICES

DEPARTMENT OF BANKING

Action on Applications

[36 Pa.B. 6416]
[Saturday, October 21, 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 October 10, 2006.

BANKING INSTITUTIONS

Holding Company Acquisitions

DateName of CorporationLocationAction
10-5-06Conestoga Bancorp, Inc., Chester Springs, to acquire 100% of the voting shares of PSB Bancorp, Inc., Philadelphia, under the provisions of section 115 of the Banking Code of 1965Chester SpringsFiled

New Charter Applications

DateName of BankLocationAction
10-6-06Vantage Point Bank
Fort Washington
Montgomery County
Fort WashingtonFiled
Correspondent:
Walter L. Tillman, Jr.
1300 Cedar Hill Road
Lower Gwynedd, PA 19002

Conversions

DateName of BankLocationAction
10-3-06Luzerne National Bank
Luzerne
Luzerne County
LuzerneFiled
To:
Luzerne Bank
Luzerne
Luzerne County
Application represents request to convert from a National banking association to a State-chartered bank and trust company.

Consolidations, Mergers and Absorptions

DateName of BankLocationAction
10-4-06Reliance Savings Bank
Altoona
Blair County
AltoonaApproved
Purchase of assets/assumption of liabilities of two branch offices of Susquehanna Bank, Hagerstown, MD
Located at:
1254 Old Route 220 North
Duncansville
Blair County
3119 Pleasant Valley Boulevard
Altoona
Blair County
10-5-06Fulton Bank
Lancaster
Lancaster County
LancasterApproved
Purchase of essentially all the assets and assumption of essentially all the liabilities of Premier Bank, Doylestown, Bucks County, PA. Both institutions are wholly owned subsidiaries of Fulton Financial Corporation, Lancaster, PA.
10-5-06Mid Penn Bank
Millersburg
Dauphin County
MillersburgApproved
Purchase of assets/assumption of liabilities of two branch offices of Omega Bank, State College.
Located at:
51 South Front Street
Steelton
Dauphin County
1100 Spring Garden Drive
Middletown
Dauphin County
10-5-06Conestoga Bank, Chester Springs and First Penn Bank, Philadelphia
Surviving Institution--
Conestoga Bank, Chester Springs
Chester SpringsFiled
10-10-06Graystone Interim Bank, Lancaster, and Graystone Bank, Lancaster
Surviving Institution--
Graystone Interim Bank, Lancaster, with a change in corporate title to Graystone Bank
LancasterEffective
As of the effective date of the merger, Graystone Bank, will become a wholly owned subsidiary of Graystone Financial Corp., Lancaster, a newly formed bank holding company.

Branch Applications

DateName of BankLocationAction
10-2-06Abington Savings Bank
Jenkintown
Montgomery County
Maris Grove Retirement Community
100 Maris Grove Way
Glen Mills
Delaware County
(Limited Service Facility)
Opened
10-3-06CommunityBanks
Millersburg
Dauphin County
915 West Postal Road
Douglassville
Amity Township
Berks County
Filed
10-4-06Citizens Bank of Pennsylvania
Philadelphia
Philadelphia County
400 Adams Shoppes
Mars
Butler County
Approved
10-4-06Farmers and Merchants Trust Company of Chambersburg
Chambersburg
Franklin County
Carlisle Crossing Shopping Center
Carlisle
Cumberland County
Approved
10-4-06Royal Asian Bank
Philadelphia
Philadelphia County
232 Broad Avenue
Palisades Park
Bergen County, NJ
Approved
10-5-06Northwest Savings Bank
Warren
Warren County
West 4th Street
(State Route 22/522)
Granville Township
Mifflin County
Approved
10-5-06First Priority Bank
Malvern
Chester County
1200 Broadcasting Road
Wyomissing
Berks County
Filed
10-6-06Stonebridge Bank
Exton
Chester County
319 East Street Road
Warminster
Bucks County
Approved

Branch Discontinuances

DateName of BankLocationAction
8-18-06Union Bank and Trust Company
Pottsville
Schuylkill County
Weis Supermarket
Route 61 and St. Clair Avenue
Pottsville
Schuylkill County
Filed
10-6-06Omega Bank
State College
Center County
Two branche offices
Located at:
Approved
51 South Front Street
Steelton
Dauphin County
1100 Spring Garden Drive
Middletown
Dauphin County
10-6-06Stonebridge Bank
Exton
Chester County
408 Lakeside Drive
Southampton
Bucks County
Approved

SAVINGS INSTITUTIONS

No activity.

CREDIT UNIONS

Branch Applications

DateName of Credit UnionLocationAction
10-4-06Belco Community Credit Union
Harrisburg
Dauphin County
1758 Oregon Pike
Lancaster
Lancaster County
Approved

Change of Principal Place of Business

DateName of Credit UnionLocationAction
10-6-06Philadelphia Post Office Employees' Credit Union
Philadelphia
Philadelphia County
From:2970 Market Street
Philadelphia
Philadelphia County
Approved and Effective
To:401 Baily Road
Yeadon
Delaware County

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

VICTORIA A. REIDER,   
Acting Secretary

[Pa.B. Doc. No. 06-2062. Filed for public inspection October 20, 2006, 9:00 a.m.]



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