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COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 97-1117

NOTICES

DEPARTMENT OF BANKING

Action on Applications

[27 Pa.B. 3428]

   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 July 1, 1997.

BANKING INSTITUTIONS

Charter Applications

DateName of Bank LocationAction
6-26-97Penncore Phantom Saving Bank
Newtown
Bucks County
NewtownApproved
Application to charter an interim bank will be used to facilitate the acquisition of Commonwealth State Bank, Newtown, by ML Bancorp, Inc., Villanova.
6-26-97New Century Bank
Phoenixville
Chester County
Pikeland Village Square
Route 113 and Pothouse Road
Phoenixville
Chester County
Commenced Operations

Consolidations, Mergers and Absorptions

DateName of Bank LocationAction
6-9-97Johnstown Bank and Trust Company
Johnstown
Cambria County
JohnstownEffective
Purchase of assets/assumption of liabilities of three branches of National City Bank of Pennsylvania, Pittsburgh, located at:
210 East Main Street
Everett
Bedford County
102 North Grant Street
Salisbury
Somerset County
229 Main Street
Meyersdale
Somerset County
6-25-97Three Rivers Bank and Trust    Company,
   Jefferson Borough, and Community
   Savings Bank, Monroeville
   Surviving Institution--Three Rivers
   Bank and Trust Company, Jefferson
   Borough
Jefferson BoroughApproved
6-30-97Sun Bank, Selinsgrove, and Bucktail    Bank and Trust Company,    Emporium
   Surviving Institution--Sun Bank,    Selinsgrove
SelinsgroveEffective
All offices of Bucktail Bank and Trust Company, will become branch offices of Sun Bank, including the former main office:
2 East Fourth Street
Emporium
Cameron County
6-30-97Chambersburg Trust Company,
   Chambersburg, and First National
   Bank and Trust Company,
   Waynesboro
   Surviving Institution--
   Chambersburg Trust Company,
   Chambersburg
ChambersburgFiled
6-30-97Penncore Phantom Savings Bank,
   Newtown, and Commonwealth State
   Bank, Newtown
   Surviving Institution--Penncore
   Phantom Savings Bank, Newtown
NewtownFiled
Subject application will be used to facilitate the acquisition of Commonwealth State Bank, Newtown, by ML Bancorp, Inc., Villanova.

Branch Applications

DateName of Bank LocationAction
6-25-97Ambassador Bank of the
   Commonwealth
Allentown
Lehigh County
1605 West Broad St.
Bethlehem
Lehigh County
Approved
6-25-97FirstService Bank
Lansdale
Montgomery County
320 West Street Road
Warminster
Bucks County
Approved
6-25-97Prime Bank
Philadelphia
Philadelphia County
661 West Germantown Pike
Plymouth Meeting
Montgomery County
Filed
6-30-97Standard Bank, PaSB
Murrysville
Westmoreland County
WalMart Store
Routes 819 and 119
Mt. Pleasant
Westmoreland County
Approved

Branch Consolidations

DateName of Bank LocationAction
6-6-97Summit Bank
Bethlehem
Northampton County
To:29 East Third St.
Bethlehem
Northampton County
Effective
From:Lehigh University
University Center
Bethlehem
Northampton County

Branch Discontinuances

DateName of Bank LocationAction
6-25-97Wayne Bank
Honesdale
Wayne County
Jackson Street
Thompson
Susquehanna County
Approved
6-30-97First Lehigh Bank
Walnutport
Northampton County
1448 West Broad St.
Quakertown
Bucks County
Filed

Articles of Amendment

DateName of BankPurposeAction
6-26-97The Glen Rock State Bank
Glen Rock
York County
To provide for an increase in authorized capital
From: $2,000,000 divided into 1,000,000 shares of
the par value of $2.00 each; To: $4,000,000 divided
into 2,000,000 shares of the par value of $2.00 each.
Approved
and
Effective

SAVINGS ASSOCIATIONS

No activity.

CREDIT UNIONS

Articles of Amendment

DateName of Credit UnionPurposeAction
6-26-97Scranton Federal Employees
   Credit Union
Scranton
Lackawanna County
To provide for a change in corporate title to
''First Credit Union of Scranton.''
Approved Effective
6-27-97

RICHARD C. RISHEL,   
Secretary

[Pa.B. Doc. No. 97-1117. Filed for public inspection July 11, 1997, 9:00 a.m.]



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