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PA Bulletin, Doc. No. 11-764



Actions on Applications

[41 Pa.B. 2336]
[Saturday, May 7, 2011]

 The Department of Banking (Department), 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 19, 2011.

 Under section 503.E of the Department of Banking Code (71 P. S. § 733-503.E), any person wishing to comment on the following applications, with the exception of branch applications, may file their comments in writing with the Department of Banking, Corporate Applications Division, 17 North Second Street, Suite 1300, Harrisburg, PA 17101-2290. Comments must be received no later than 30 days from the date notice regarding receipt of the application is published in the Pennsylvania Bulletin. The nonconfidential portions of the applications are on file at the Department and are available for public inspection, by appointment only, during regular business hours. To schedule an appointment, contact the Corporate Applications Division at (717) 783-2253. Photocopies of the nonconfidential portions of the applications may be requested consistent with the Department's Right-to-Know Law Records Request policy.


Section 112 Acquisitions

Date Name and Location of Applicant Action
4-15-2011 Kieran W. Goodwin Effective
Acquisition of up to 35.3% of the common stock of Colonial American Bank, Horsham.
4-15-2011 Philip A. Nisbet, Anthony Giordano, Joseph A. Auteri, Francine Carb, Richard Eknoian, Ran Korolik, Richard O. Lindsey, and Pamela PorterEffective
Acquisition, collectively, of up to 24.9% of the common stock of Colonial American Bank, Horsham.

Branch Applications

De Novo Branches

Date Name and Location of Applicant Location of Branch Action
4-13-2011 Beneficial Mutual Savings Bank
Philadelphia County
900 Welsh Road
Maple Glen
Montgomery County
4-13-2011 Citizens Bank of Pennsylvania
Philadelphia County
733 West Lancaster Avenue
Bryn Mawr
Montgomery County

Branch Discontinuances

Date Name and Location of Applicant Location of Branch Action
3-31-2011 Customers Bank
Chester County
457 Haddonfield Road
Suite 100
Cherry Hill
Camden County, NJ

Articles of Amendment

Date Name and Location of Institution Action
4-15-2011 Royal Asian Bank
Philadelphia County
Articles of Amendment provide for the institution's Articles of Incorporation to be amended and restated in their entirety.


No activity.


Articles of Amendment

Date Name and Location of Institution Action
4-15-2011 Spojnia Credit Union
Lackawanna County
Amendment to Article 2 of the credit union's Articles of Incorporation provides for a statement that the credit union is organized and operated as a nonprofit corporation.

 The Department's web site at includes public notices for more recently filed applications.


[Pa.B. Doc. No. 11-764. Filed for public inspection May 6, 2011, 9:00 a.m.]

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