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COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 08-181

NOTICES

DEPARTMENT OF BANKING

Actions on Applications

[38 Pa.B. 617]
[Saturday, February 2, 2008]

   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 January 15, 2008.

BANKING INSTITUTIONS

Holding Company Acquisitions

Date Name of Corporation LocationAction
1-10-08National Penn Bancshares, Inc., Boyertown, to acquire 100% of KNBT Bancorp, Inc., Bethlehem, and thereby indirectly acquire Keystone Nazareth Bank & Trust Company, Bethlehem, which will merge with and into National Penn Bank, Boyertown, a wholly-owned subsidiary of National Penn Bancshares, Inc.BoyertownFiled

Section 112 Applications

DateName of Corporation Location Action
1-11-08 Boston Private Financial Holdings, Inc., Boston, MA, to acquire 80.1% of Davidson Trust Company, Devon, PABoston, MAApproved
DateName of IndividualLocationAction
12-26-07 Steven D. Hovde to acquire up to 13.4% of the common shares of Bucks County Bank, DoylestownBarrington, ILEffective

Branch Applications

Date Name of Bank Location Action
1-10-08 Graystone Bank
Lancaster
Lancaster County
Quentin Road, near Rocherty Road
Lebanon
Lebanon County
Approved
1-10-08Graystone Bank
Lancaster
Lancaster County
1705 North Atherton Street
State College
Centre County
Approved

SAVINGS INSTITUTIONS

No activity.

CREDIT UNIONS

Branch Relocations

Date Name of Credit Union Location Action
1-10-08Superior Credit Union Collegeville
Montgomery County
To:434 Main Street
Royersford Borough
Montgomery County
Approved
From: 308 Main Street, Rear
Royersford Borough
Montgomery County

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

STEVEN KAPLAN,   
Secretary

[Pa.B. Doc. No. 08-181. Filed for public inspection February 1, 2008, 9:00 a.m.]



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