DEPARTMENT OF BANKING AND SECURITIES
Actions on Applications
[50 Pa.B. 6407]
[Saturday, November 14, 2020]
The Department of Banking and Securities (Department), under the authority in the Banking Code of 1965 (7 P.S. §§ 101—2204), the Department of Banking and Securities Code (71 P.S. §§ 733-1—733-1203) and 17 Pa.C.S. (relating to Credit Union Code), has taken the following actions on applications received for the week ending November 3, 2020.
Under section 503.E of the Department of Banking and Securities Code (71 P.S. § 733-503.E), any person wishing to comment on the following applications, with the exception of branch applications, may file comments in writing with the Department of Banking and Securities, Bank Supervision or Credit Union and Trust Supervision (as applicable), 17 North Second Street, Suite 1300, Harrisburg, PA 17101-2290. Comments must be received no later than 30 days from the date notice regarding receipt of the application is published in the Pennsylvania Bulletin. The nonconfidential portions of the applications are on file at the Department and are available for public inspection, by appointment only, during regular business hours. To schedule an appointment, for banks (717) 783-8240 and for credit unions and trust companies (717) 783-2253. Photocopies of the nonconfidential portions of the applications may be requested consistent with the Department's Right-to-Know Law Records Request policy.
Date Name and Location of Applicant Action 10-29-2020 Hyperion Interim Bank
Approved The purpose of incorporation of Hyperion Interim Bank is to facilitate the formation of a bank holding company structure for Hyperion Bank. It will then merge with Hyperion Bank and become the wholly-owned subsidiary of Hyperion Bancshares, Inc.
Consolidations, Mergers and Absorptions
Date Name and Location of Applicant Action 10-29-2020 Hyperion Bank
Approved Application for approval to merge Hyperion Bank with Hyperion Interim Bank to facilitate the formation of a bank holding company structure for Hyperion Bank.
De Novo Branches
Date Name and Location of Applicant Location of Branch Action 11-02-2020 Jersey Shore State Bank
501-503 East Plank Road
The Department's web site at www.dobs.pa.gov includes public notices for more recently filed applications.
[Pa.B. Doc. No. 20-1578. Filed for public inspection November 13, 2020, 9:00 a.m.]
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