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COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 01-179

NOTICES

DEPARTMENT OF BANKING

Action on Applications

[31 Pa.B. 652]

   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 23, 2001.

BANKING INSTITUTIONS

Holding Company Acquisitions

DateName of CorporationLocationAction
1-19-01FleetBoston Financial Corporation,
   Boston, Massachusetts, to acquire
   100% of the voting shares of
   Summit Bancorp, Princeton, New
   Jersey, and thereby indirectly
   acquiring First Valley
   Corporation, Bethlehem,
   Pennsylvania, and its subsidiary,
   Summit Bank, Bethlehem,
   Pennsylvania
Boston, MAApproved

Conversions

DateName of BankLocationAction
1-19-01Commonwealth Bank
(Federal Savings Bank)
Norristown
Montgomery County
         To:
Commonwealth Bank
(Pennsylvania Savings Bank)
Norristown
Montgomery County
NorristownApproved

                     Application represents conversion from a Federally-chartered stock
                     savings bank to a State-chartered stock savings bank.

Consolidations, Mergers and Absorptions

DateName of BankLocationAction
1-19-01Sun Bank
Selinsgrove
Union County
SelinsgroveFiled
Purchase of assets/assumption of
liabilities of one branch office
of Mellon Bank, Pittsburgh, located at:
311 Market Street
Lewisburg
Union County

Branch Applications

DateName of BankLocationAction
2-2000The Madison Bank
Blue Bell
Montgomery County
Summit Square
   Shopping Center
Route 413 and
   Doublewoods Road
Langhorne
Bucks County
Opened
1-9-01The Madison Bank
Blue Bell
Montgomery County
One Abington Plaza
Suites 101 & 103
Jenkintown
Montgomery County
Opened
1-17-01Northside Bank
Pittsburgh
Allegheny County
2000 Corporate Dr.
Franklin Park
Allegheny County
Approved
1-18-01Lafayette Ambassador Bank
Easton
Northampton County
2045 City Line Road
Bethlehem
Lehigh County
Opened
1-19-01Abington Savings Bank
Jenkintown
Montgomery County
1515 The Fairway
Rydal
Abington Township
Montgomery County
  (Limited Service Facility)
Approved

Branch Relocations

DateName of BankLocationAction
1-23-01Leesport Bank
Leesport
Berks County
To:100 Plaza Drive
Blandon
Maidencreek Twp.
Berks County
Approved
From:U.S. Route 222
Blandon
Maidencreek Twp.
Berks County

Savings Institutions

No activity.

Credit Unions

No activity.

JAMES B. KAUFFMAN,   
Acting Secretary

[Pa.B. Doc. No. 01-179. Filed for public inspection February 2, 2001, 9:00 a.m.]



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