Pennsylvania Code & Bulletin
COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 98-213

NOTICES

DEPARTMENT OF BANKING

Action on Applications

[28 Pa.B. 663]

   The Department of Banking of the Commonwealth of Pennsylvania, 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 19, 1990 (P. L. 834, No. 198), known as the Credit Union Code, has taken the following action on applications received for the week ending January 27, 1998.

BANKING INSTITUTIONS

Holding Company Acquisitions

DateName of CorporationLocationAction
1-23-98First Union Corporation, Charlotte,
   North Carolina, to acquire 100% of
   the voting shares of CoreStates
   Financial Corp., Philadelphia, PA
Charlotte, NCFiled

Conversions

DateName of InstitutionLocationAction
1-22-98Northwood Savings Association
Philadelphia
Philadelphia County
1500 E. Susquehanna Ave.
Philadelphia
Philadelphia County
Filed
   To:
Northwood Savings Bank
Philadelphia
Philadelphia County
Application represents conversion from a State-chartered mutual savings association to a State-chartered mutual savings bank.

Consolidations, Mergers and Absorptions

DateName of BankLocationAction
1-23-98PSB Interim Bank, East Berlin, and
   The Peoples State Bank, East Berlin
   Surviving Institution--PSB Interim
   Bank, East Berlin, with a change in
   corporate title to ''The Peoples State
   Bank''
East BerlinFiled
The proposed merger will be effected solely to facilitate the acquisition of The Peoples State Bank, East Berlin, by Community Banks, Inc., Millersburg, a bank holding company.

Branch Applications

DateName of BankLocationAction
1-20-98Franklin First Savings Bank
Wilkes-Barre
Luzerne County
115 J. Campbell Collins Drive
Wilkes-Barre
Luzerne County
Opened

Branch Discontinuances

DateName of BankLocationAction
1-16-98Franklin First Savings Bank
Wilkes-Barre
Luzerne County
City Heights Shopping Center
161 Amber Lane
Wilkes-Barre
Luzerne County
Effective

SAVINGS ASSOCIATIONS

Branch Applications

DateName of AssociationLocationAction
1-22-98First Financial Savings Bank, PaSA
Downingtown
Chester County
414 Lancaster Ave.
Devon
Chester County
Filed

CREDIT UNIONS

No activity.

RICHARD C. RISHEL,   
Secretary

[Pa.B. Doc. No. 98-213. Filed for public inspection February 6, 1998, 9:00 a.m.]



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