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COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 97-82

NOTICES

DEPARTMENT OF BANKING

Action on Applications

[27 Pa.B. 320]

   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 December 31, 1996.

BANKING INSTITUTIONS

Branch Applications

DateName of Bank LocationAction
12-16-96Twin Rivers Community Bank
Easton
Northampton County
1003 W. Broad St.
Bethlehem
Lehigh County
Opened
12-23-96Sun Bank
Selinsgrove
Snyder County
Old Routes 11 and 15
   and Corner of
   Route 17
Liverpool
Perry County
Filed

Branch Consolidations

DateName of Bank LocationAction
12-6-96Northwest Savings Bank
Warren
Warren
From:537 Main Street
Clarion
Clarion County
Effective
Into:601 Main Street
Clarion
Clarion County

SAVINGS ASSOCIATIONS

   No activity.

CREDIT UNIONS

Conversions

DateName of Credit Union LocationAction
12-27-96Harrisburg Belco Federal
   Credit Union
Harrisburg
Dauphin County
HarrisburgFiled
   To:
Belco Credit Union
Harrisburg
Dauphin County
Application represents conversion from a Federally-chartered credit union to a State-chartered credit union.

   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 7, 1997.

BANKING INSTITUTIONS

Holding Company Acquisitions

DateName of Corporation LocationAction
12-31-96Prime Newco, Inc. (to be renamed
   Prime Bancorp, Inc.), Philadelphia,
to merge with First Sterling
Bancorp, Inc., Devon, and so
indirectly acquire First Sterling
Bank, Devon
PhiladelphiaEffective

New Charter Applications

DateName of Bank LocationAction
1-2-97Patriot Interim Bank
Pottstown
Montgomery County
PottstownFiled
Application to charter an interim commercial bank will be used to facilitate the conversion of Patriot Bank, Pottstown, from a Federally-chartered savings bank to a State-chartered commercial bank.

Conversions

DateName of Institution LocationAction
1-2-97Patriot Bank
Pottstown
Montgomery County
PottstownFiled
   To:
Patriot Savings Bank
Pottstown
Montgomery County
Application represents conversion from a Federally-chartered savings bank to a State-chartered savings bank.

Consolidations, Mergers and Absorptions

DateName of Bank LocationAction
12-31-96Omega Bank, N. A., State College,
   and Montour Bank, Danville
   surviving institution--
   Omega Bank, N. A., State College
State CollegeEffective

Branch Applications

DateName of Bank LocationAction
1-2-97Peoples Bank of Glen Rock
Glen Rock
York County
2701 Eastern Blvd.
York
York County
Approved
1-6-97First Capitol Bank
York
York County
2170 White Street
York
West Manchester Twp.
York County
Opened

Branch Discontinuances

DateName of Bank LocationAction
5-31-96Dauphin Deposit Bank and
   Trust Company
Harrisburg
Dauphin County
760 Cumberland St.
Lebanon
Lebanon County
Effective

Articles of Amendment

DateName of Bank PurposeAction
1-7-97Community Bank and Trust
   Company
Forest City
Susquehanna County
To Restate Article 8 of the
Articles of Incorporation
re indemnification of
directors, officers,
employes or agents of the
institution.
Approved
and
Effective

SAVINGS ASSOCIATIONS

Conversions

DateName of Association LocationAction
12-31-96Schuylkill Savings and Loan
   Association
Schuylkill Haven
Schuylkill County
Schuylkill HavenEffective
Represents conversion from a Pennsylvania-chartered mutual savings association to a Federally-chartered mutual savings association.

Consolidations, Mergers and Absorptions

DateName of Association LocationAction
12-27-96St. Edmond's Federal Savings
   Bank, Philadelphia, and
Keystone Savings and Loan
Association, Philadelphia
surviving institution--
St. Edmond's Federal Savings
Bank, Philadelphia
PhiladelphiaEffective

Branch Applications

DateName of Association LocationAction
1-2-97Slovenian Savings and Loan
   Association of Franklin-
   Conemaugh
Conemaugh
Cambria County
Riverside Shopping
   Center
Jefferson Avenue
Windber
Somerset County
Approved

CREDIT UNIONS

   No activity.

RICHARD C. RISHEL,   
Secretary

[Pa.B. Doc. No. 97-82. Filed for public inspection January 17, 1997, 9:00 a.m.]



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