Pennsylvania Code & Bulletin
COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 96-76

NOTICES

DEPARTMENT OF BANKING

Action on Applications

[26 Pa.B. 237]

   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 9, 1996.

BANKING INSTITUTIONS

Holding Company Acquisitions

DateName of CorporationLocationAction
1-1-96First Union Corporation,
   Charlotte, NC, to acquire 24.4%
of the voting shares of ExecuFirst Bancorp, Inc., Philadelphia, PA
   Charlotte, NCEffective
1-5-96National City Corporation,
   Cleveland, OH, to acquire 100%
of the voting shares of Integra Financial Corporation, Pittsburgh, PA
   Cleveland, OhioApproved
1-5-96Harleysville National Corporation,
   Harleysville, to acquire 100% of the voting shares of Farmers & Merchants Bank (Honesdale, PA), Honesdale
   HarleysvilleApproved
1-5-96CoreStates Financial Corp,
   Philadelphia, to acquire 100% of the voting shares of Meridian Bancorp, Inc., Reading
   PhiladelphiaFiled

New Charter Applications

DateName of BankLocationAction
1-5-96Wayne Interim Bank
Honesdale
Wayne County
HonesdaleApproved
Subject institution will be utilized to merge with Wayne Bank, Honesdale, and the surviving institution will be acquired by Norwood Financial Corp., Honesdale, a bank holding company in organization.

Branch Applications

DateName of BankLocationAction
1-3-96Founders' Bank
Bryn Mawr
Montgomery County
15 East Gay Street
West Chester
Chester County
Filed

Branch Discontinuances

DateName of BankLocationAction
12-29-95Meridian Bank
Reading
Berks County
14 S. Front St.
Milton
Northumberland Co.
Effective
12-29-95Integra Bank
Pittsburgh
Allegheny County
Penn Hills Shopping
   Center
212 Rodi Road
Pittsburgh
Allegheny County
Effective
1-5-96Heritage Trust Company
Erie
Erie County
381 Mansfield Ave.
Suite 205
Pittsburgh
Allegheny County
Approved

SAVINGS ASSOCIATIONS

No activity.

CREDIT UNIONS

Consolidations, Mergers and Absorptions

DateName of Credit UnionLocationAction
1-1-96Butler Armco Employees Credit
   Union, Butler, and Butler Memorial Hospital Credit Union, Butler
surviving institution--Butler Armco Employees Credit Union, Butler
   ButlerEffective

RICHARD C. RISHEL,   
Secretary

[Pa.B. Doc. No. 96-76. Filed for public inspection January 19, 1996, 9:00 a.m.]



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