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COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 07-313

NOTICES

DEPARTMENT OF BANKING

Action on Applications

[37 Pa.B. 959]
[Saturday, February 24, 2007]

   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 February 13, 2007.

BANKING INSTITUTIONS

New Charter Applications

DateName of BankLocationAction
2-9-07Colonial American Bank
West Conshohocken
Montgomery County
300 Conshohocken State Road
West Conshohocken
Montgomery County
Commenced Operations
2-9-07The Victory Bank
Limerick Township
Montgomery County
Limerick TownshipFiled
Correspondent:
Christina M. Gattuso, Esq.
Muldoon Murphy & Aguggia, LLP
5101 Wisconsin Avenue, N.W.
Washington, D.C. 20016

Holding Company Acquisitions

DateName of CorporationLocationAction
2-12-07Citizens & Northern Corporation, Wellsboro, to acquire 100% of the voting shares of Citizens Bancorp, Inc., CoudersportWellsboroFiled

Section 112 Application

DateName of IndividualAction
2-12-07Application of George W. Connell to acquire up to 19.99% of the outstanding shares of common stock of the Bryn Mawr Bank Corporation, Bryn Mawr, PA, under section 112 of the Banking Code of 1965.Approved

CONSOLIDATIONS, MERGERS AND ABSORPTIONS

DateName of BankLocationAction
2-7-07CommunityBanks, Millersburg,
and East Prospect State Bank,
East Prospect
Surviving Institution--
CommunityBanks, Millersburg
MillersburgApproved
2-7-07CommunityBanks, Millersburg, and BUCS Federal Bank, Owings Mills, Maryland
Surviving Institution--
CommunityBanks, Millersburg
MillersburgApproved
2-8-07Orrstown Bank, Shippensburg and The First National Bank of Newport, Newport
Surviving Institution--
Orrstown Bank, Shippensburg
ShippensburgFiled
Both banks are wholly-owned subsidiaries of Orrstown Financial Services, Inc., Shippensburg.
2-20-07Citizens & Northern Bank, Wellsboro, and Citizens Trust Company, Coudersport
Surviving Institution--
Citizens & Northern Bank, Wellsboro
WellsboroFiled

Branch Applications

DateName of BankLocationAction
1-28-07Beneficial Mutual Savings Bank
Philadelphia
Philadelphia County
483 Berlin Cross Keys Road
Sicklerville
Camden County, NJ
Opened
2-8-07Graystone Bank
Lancaster
Lancaster County
1830 S. Atherton Street
State College
Centre County
Approved
2-8-07Graystone Bank
Lancaster
Lancaster County
39 N. Market Street
Frederick
Frederick, MD
Approved
2-8-07Firstrust Savings Bank
Conshohocken
Montgomery County
Shoppes at Sycamore Street within the perimeters of Durham Road, Sycamore Street, Silo Drive and Ice Cream Alley
Newtown Township
Bucks County
Approved
2-9-07Beneficial Mutual Savings Bank
Philadelphia
Philadelphia County
South Brinton Lake Road and Baltimore Pike
Glen Mills
Delaware County
Filed
2-12-07Penn Liberty Bank
Wayne
Delaware County
1301 Paoli Pike
West Chester
Chester County
Approved
2-12-07Penn Liberty Bank
Wayne
Delaware County
2724 Ridge Avenue
Norristown (Trooper)
Montgomery County
Approved

Branch Discontinuances

DateName of BankLocationAction
2-12-07CommunityBanks
Millersburg
Dauphin County
1415 Ritner Highway
Carlisle
Cumberland County
Approved

SAVINGS INSTITUTIONS

Conversions

DateName of AssociationLocationAction
2-8-07ESSA Bank & Trust
Stroudsburg
Monroe County
StroudsburgApproved
Represents conversion from a mutual savings association to a stock savings association and concurrent formation of a thrift holding company, ESSA Bancorp, Inc., that will own 100% of the common stock of the association.

CREDIT UNIONS

No activity.

   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. 07-313. Filed for public inspection February 23, 2007, 9:00 a.m.]




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