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COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 97-908

NOTICES

DEPARTMENT OF BANKING

Action on Applications

[27 Pa.B. 2756]

   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 May 27, 1997.

BANKING INSTITUTIONS

Holding Company Acquisitions

DateName of Corporation LocationAction
5-21-97F.N.B. Corporation, Hermitage, to
   acquire up to 15.0% of the voting
   shares of Sun Bancorp, Inc.,
   Selinsgrove
HermitageApproved

Mutual Holding Company Reorganizations

DateName of Bank LocationAction
5-21-97Peoples Home Savings Bank
Beaver Falls
Beaver County
Beaver FallsApproved
Application represents reorganization into a mutual holding company to be known as PHS Bancorp, M.H.C., Beaver Falls.

CONVERSIONS

DateName of Institution LocationAction
5-22-97Patriot Bank
Pottstown
Montgomery County
PottstownEffective
         To:
Patriot Savings Bank
Pottstown
Montgomery County
Represents initial step in conversion from a Federally-chartered savings bank to a State-chartered commercial bank.

Consolidations, Mergers and Absorptions

DateName of Bank LocationAction
5-22-97Patriot Interim Bank, Pottstown, and
   Patriot Savings Bank, Pottstown
   Surviving Institution--
PottstownEffective
Patriot Interim Bank, Pottstown, with
   a change in corporate title to Patriot
   Bank
Represents final step in above-noted conversion of Patriot Bank from a Federally-chartered savings bank to a State-chartered commercial bank which will be a wholly-owned subsidiary of Patriot Bank Corp., Pottstown, a bank holding company.

Branch Applications

DateName of Bank LocationAction
5-12-97Harris Savings Bank
Harrisburg
Dauphin County
6301 Grayson Road
Harrisburg
Swatara Township
Dauphin County
Opened
5-20-97FirstService Bank
Lansdale
Montgomery County
320 West Street Rd.
Warminster
Bucks County
Filed
5-23-97Pennsylvania State Bank
Camp Hill
Cumberland County
One North Hanover St.
Carlisle
Cumberland County
Filed

Branch Consolidations

DateName of Bank LocationAction
5-16-97Financial Trust Company
Carlisle
Cumberland County
To:216 S. Carlisle St.
New Bloomfield
Perry County
Effective
From:7 Center Square
New Bloomfield
Perry County
5-22-97Summit Bank
Bethlehem
Northampton County
To:29 East Third St.
Bethlehem
Northampton County
Approved
From:Lehigh University
University Center
Bethlehem
Northampton County

Branch Discontinuances

DateName of Bank LocationAction
5-22-97Mid-State Bank and Trust Company
Altoona
Blair County
Route 220
Tipton
Blair County
Approved

SAVINGS ASSOCIATIONS

No activity.

CREDIT UNIONS

No activity.

RICHARD C. RISHEL,   
Secretary

[Pa.B. Doc. No. 97-908. Filed for public inspection June 6, 1997, 9:00 a.m.]



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