DEPARTMENT OF BANKING AND SECURITIES
Actions on Applications
[52 Pa.B. 3683]
[Saturday, July 2, 2022]
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 June 21, 2022.
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.
Section 112 Acquisitions
Date Name and Location of Applicant Action 06-17-2022 Driver Opportunity Partners I, LP
(General Partner—Driver Management Company, LLC)
New York County, NY
Approved Application for approval to solicit revocable proxies from more than 10% of the voting shares of common stock of Republic First Bancorp, Inc., Philadelphia, PA, and thereby indirectly acquire 10% or more of the voting control of Republic First Bank, Philadelphia, PA.
Consolidations, Mergers and Absorptions
Date Name and Location of Applicant Action 06-14-2022 PennCrest Bank
Filed Application for approval to purchase assets and assume liabilities of one branch of Mid Penn Bank, Millersburg, Dauphin County, located at: 101 High Street
Date Name and Location of Applicant Location of Branch Action 05-25-2022 Penn Community Bank
200 Manor Avenue
(Limited Service Facility)
Articles of Amendment
Date Name and Location of Institution Action 06-15-2022 Customers Bank
Effective Amendment to Article I of the institution's Articles of Incorporation provides for the principal place of business of the bank to be relocated from 99 Bridge Street, Phoenixville, Chester County, PA, to 40 General Warren Boulevard, Malvern, Chester County, PA. Articles of Amendment provide for the institution's Articles of Incorporation to be amended and restated in their entirety.
CREDIT UNIONS No activity.
The Department's web site at www.dobs.pa.gov includes public notices for more recently filed applications.
[Pa.B. Doc. No. 22-975. Filed for public inspection July 1, 2022, 9:00 a.m.]
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