Pennsylvania Code & Bulletin
COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 97-562

NOTICES

DEPARTMENT OF BANKING

Action on Applications

[27 Pa.B. 1860]

   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 April 1, 1997.

BANKING INSTITUTIONS

Holding Company Acquisitions

DateName of CorporationLocationAction
3-26-97Keystone Financial, Inc.,
   Harrisburg, to acquire
100% of the voting shares
of Financial Trust Corp.,
Carlisle
   HarrisburgApproved

Conversions

DateName of InstitutionLocationAction
4-1-97Wilbur Savings and Loan Association
Bethlehem
Northampton County
BethlehemEffective
   To:
Wilbur Savings Bank
Bethlehem
Northampton County
Represents conversion from a State-chartered mutual savings association to a State-chartered mutual savings bank.

Consolidations, Mergers and Absorptions

DateName of BankLocationAction
4-1-97Ambassador Bank of the
   Commonwealth, Allentown,
and Wilbur Savings Bank,
Bethlehem
surviving institution--
Ambassador Bank of the
Commonwealth, Allentown
   AllentownFiled

Branch Applications

DateName of BankLocationAction
3-20-97First Republic Bank
Philadelphia
Philadelphia County
Philadelphia College
   Of Osteopathic Medicine
4190 City Line Avenue
Philadelphia
Philadelphia County
Opened
3-27-97Prime Bank, a savings bank
Philadelphia
Philadelphia County
7111 Valley Green Rd.
Fort Washington
Montgomery County
Filed
3-29-97Berks County Bank
Reading
Berks County
4453 Fifth St. Highway
Muhlenberg Township
Berks County
Opened
4-1-97Orrstown Bank
Orrstown
Franklin County
625 Norland Avenue
Chambersburg
Franklin County
Filed

Branch Discontinuances

DateName of BankLocationAction
3-31-97Summit Bank
Bethlehem
Northampton County
Valmont Plaza
270 Susquehanna Blvd.
West Hazleton
Luzerne County
Filed
3-31-97Summit Bank
Bethlehem
Northampton County
640 Hamilton Mall
Allentown
Lehigh County
Filed

SAVINGS ASSOCIATIONS

No activity.

CREDIT UNIONS

Conversions

DateName of Credit UnionLocationAction
4-1-97Diamond Federal Credit Union
Pottstown
Montgomery County
PottstownEffective
   To:
Diamond Credit Union
Pottstown
Montgomery County
Represents conversion from a Federally-chartered credit union to a State-chartered credit union.

Consolidations, Mergers and Absorptions

DateName of Credit UnionLocationAction
3-31-97Philadelphia Telco Credit Union,
   Trevose, Pennsylvania, and
FMC Princeton Federal Credit
Union, Princeton, NJ
surviving institution--
Philadelphia Telco Credit Union,
Trevose, PA
   Trevose, PAApproved
and
Effective

RICHARD C. RISHEL,   
Secretary

[Pa.B. Doc. No. 97-562. Filed for public inspection April 11, 1997, 9:00 a.m.]



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