DEPARTMENT OF BANKING

Actions on Applications

 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 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 February 1, 2011.

 Under section 503.E of the Department of Banking Code (71 P. S. § 733-503.E), any person wishing to comment on the following applications, with the exception of branch applications, may file their comments in writing with the Department of Banking, Corporate Applications Division, 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, contact the Corporate Applications Division at (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.

BANKING INSTITUTIONS

Conversions

Date	Name and Location of Applicant			Action
1-26-2011	From: Cambria County Federal Savings and Loan Association Cresson Cambria County			Effective
	To: Cresson Community Bank Cresson Cambria County
	Conversion from a Federally-chartered mutual savings association to a Pennsylvania State-chartered mutual savings bank.

Holding Company Acquisitions

Date	Name and Location of Applicant			Action
1-28-2011	Norwood Financial Corp. Honesdale Wayne County			Filed
	Application for approval to acquire 100% of North Penn Bancorp, Inc., Scranton, and thereby indirectly acquire 100% of North Penn Bank, Scranton.

Consolidations, Mergers, and Absorptions

Date	Name and Location of Applicant			Action
1-28-2011	Wayne Bank Honesdale Wayne County			Filed
	Application for approval to merge North Penn Bank, Scranton, with and into Wayne Bank, Honesdale.

Branch Applications

De Novo Branches

Date	Name and Location of Applicant		Location of Branch	Action
12-11-2010	NOVA Bank Berwyn Chester County		8000 West Chester Pike Upper Darby Delaware County	Approval Rescinded
1-24-2011	First CornerStone Bank King of Prussia Montgomery County		51 Woodland Drive Glen Mills Delaware County	Opened

SAVINGS INSTITUTIONS

No activity.

CREDIT UNIONS

No activity.

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

PAUL WENTZEL, 
Acting Secretary

[Pa.B. Doc. No. 11-280. Filed for public inspection February 18, 2011, 9:00 a.m.]

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