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COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 03-167

NOTICES

Action on Applications

[33 Pa.B. 636]

   The Department of Banking, 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 21, 2003.

BANKING INSTITUTIONS

Holding Company Acquisitions

DateName of CorporationLocationAction
1-17-03Citizens Financial Group, Inc.,
   Providence, RI, to acquire 100% of
   the voting shares of Commonwealth
   Bancorp, Inc., Norristown, PA
Providence, RIEffective

New Charter Applications

DateName of BankLocationAction
1-17-03Clearfield Interim Bank & Trust
   Company
Clearfield
Clearfield County
ClearfieldApproved
1-17-03East Penn Interim Bank
Emmaus
Lehigh County
EmmausFiled

Conversions

DateName of InstitutionLocationAction
1-10-03Ambler Savings and Loan Association
Ambler
Montgomery County
AmblerFiled
      To:
Ambler Savings Bank
Ambler
Montgomery County
Represents conversion from a State-chartered mutual savings association to a State-chartered mutual savings bank.

Consolidations, Mergers and Absorptions

DateName of BankLocationAction
1-17-03Citizens Bank of Pennsylvania,
   Philadelphia, and Commonwealth
   Bank, Norristown
   Surviving Institution--Citizens
   Bank of Pennsylvania, Philadelphia
PhiladelphiaEffective
All branch offices, including the former main office, of Commonwealth Bank will become branch offices of Citizens Bank of Pennsylvania.
Former Main Office:
2 West Lafayette Street
Norristown
Montgomery County

Branch Applications

DateName of BankLocationAction
6-22-02Royal Bank of Pennsylvania
Narberth
Montgomery County
1650 Grant Avenue
Philadelphia
Philadelphia County
Opened
1-6-03Northwest Savings Bank
Warren
Warren County
355 Biddle Street
Kane
McKean County
(Drive-Up Facility)
Opened
1-9-03Northwest Savings Bank
Warren
Warren County
3140 Cape Horn Road
Red Lion
York County
Opened
1-13-03Citizens Bank of Pennsylvania
Philadelphia
Philadelphia County
37-41 Brown Street
Middletown
Dauphin County
(Drive-Up Facility)
Opened

Branch Relocations

DateName of BankLocationAction
1-6-03Citizens Bank of Pennsylvania
Philadelphia
Philadelphia County
To:4110 Brownsville Rd.
Pittsburgh
Allegheny County
Effective
From:4148 Brownsville Rd.
Pittsburgh
Allegheny County
1-6-03Community Bank and Trust Company
Clarks Summit
Lackawanna County
To:60 Main Street
Clifford
Susquehanna County
Effective
From:Route 106
Clifford
Susquehanna County

Branch Discontinuances

DateName of BankLocationAction
1-15-03Bank of Hanover and Trust Company
Hanover
York County
951 York Street
Hanover
York County
Filed

SAVINGS INSTITUTIONS

No activity.

CREDIT UNIONS

Consolidations, Mergers and Absorptions

DateName of Credit UnionLocationAction
Note: Addendum to Weekly Summary No. 1, for week ending January 7, 2003:
Subsequent to the merger of GTE Erie Federal Credit union (GTE) with and into Erie Insurance Exchange Credit Union (Survivor), the Survivor changed its corporate title to ''Erie Community Credit Union.'' In addition, the former main office of GTE became a branch office of Survivor as follows:
916 French Street
Erie
Erie County

Articles of Amendment

DateName of Credit UnionPurposeAction
1-17-03Knoll Employees Credit Union
East Greenville
Montgomery County
Amendment to Article 8 provides for a change in the field of membership.Approved and Effective

PAUL H. WENTZEL, Jr.   
Acting Secretary

[Pa.B. Doc. No. 03-167. Filed for public inspection January 31, 2003, 9:00 a.m.]



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