Actions taken by the Federal Reserve Bank of Philadelphia
under delegated authority

Bank Branches, Domestic
Berks CountyBank, Reading, Pennsylvania -- to establish a branch at 601 Penn Street.
- Approved, March 6, 1998

Berks County Bank, Reading, Pennsylvania -- to establish a branch at 500 Hawkridge Drive, Borough of Hamburg, County of Berks, Pennsylvania.
- Approved , February 12, 1998

Bryn Mawr Trust Company, Bryn Mawr, Pennsylvania -- to establish a branch at One Tower Bridge, 100 Front Street, Suite 101, West Conshochocken Borough, Montgomery County, Pennsylvania.
- Approved , January 12, 1998

Ambassador Bank of the Commonwealth, Allentown, Pennsylvania -- to establish a branch at Saucon Valley Square, Wyandotte Street, Northampton County, Pennsylvania.
- Approved , January 8, 1998

Berks County Bank, Reading, Pennsylvania -- to establish a branch at 742-744 East Philadelphia Avenue, Douglas Township, Pennsylvania.
- Approved , January 5, 1998

Woodlands Bank, Williamsport, Pennsylvania -- to establish a branch at 618 West Southern Avenue, South Williams Port, Lycoming, Pennsylvania.
- Approved , October 24, 1997

Sterling Bank, Mount Laurel, New Jersey -- to establish a branch in Mount Laurel Township, Burlington, New Jersey.
- Approved , October 10, 1997

Madison Bank, Blue Bell, Pennsylvania -- to establish a branch office at 100 Main Street, Lansdale, Pennsylvania.
- Approved , August 8, 1997

Ambassador Bank of the Commonwealth, Allentown, Pennsylvania -- to establish a branch at 1605 West Broad Street, Bethlehem, Pennsylvania.
- Approved , July 21, 1997

Premier Bank, Doylestown, Pennsylvania -- to establish a branch at 101 Floral Vale Boulevard, Yardley, Pennsylvania.
- Approved , July 18, 1997

Madison Bank, Blue Bell, Pennsylvania -- to establish a branch at 8000 Verree Road, Philadelphia, Pennsylvania.
- Approved , July 17, 1997

Pennsylvania State Bank, Camp Hill, Pennsylvania -- to establish a branch at One North Hanover Street, Borough of Carlisle, Cumberland County, Pennsylvania.
- Approved , July 9, 1997

East Penn Bank, Emmaus, Pennsylvania -- to establish a branch at the intersection of Route 100 and West End Trail, Borough of Macungie, Pennsylvania.
- Approved , May 13, 1997

Wilmington Trust of Pennsylvania, West Chester, Pennsylvania -- to establish branches at 402 Lancaster Avenue, Haverford, and One Liberty Place, 1650 Market Street, Philadelphia, Pennsylvania.
- Approved , May 9, 1997

Orrstown Bank, Shippensburg, Pennsylvania -- to establish a branch at 625 Norland Avenue, Borough of Chambersburg, Pennsylvania.
- Approved , May 7, 1997

Dauphin Deposit Bank and Trust Company, Harrisburg, Pennsylvania -- to establish a branch at the Shrewsbury Walmart, intersection of Routes 83 and 851, Shrewsbury, Pennsylvania.
- Approved , April 4, 1997

Dauphin Deposit Bank and Trust Company, Harrisburg, Pennsylvania -- to establish a branch at Rossmoyne Business Center, Ritter Road, Mechanicsburg, Pennsylvania.
- Approved , January 30, 1997

First Republic Bank, Philadelphia, Pennsylvania -- to establish a branch at 1408 Old York Road, Abington, Pennsylvania.
- Approved , January 27, 1997

First Republic Bank, Philadelphia, Pennsylvania -- to establish a branch at Germantown Pike and Swede Road, East Norriton Township, Pennsylvania.
- Approved , January 27, 1997

Orrstown Bank, Orrstown, Pennsylvania -- to establish a branch at 22 South Hanover Street, Carlisle, Pennsylvania.
- Approved , January 7, 1997

First Capitol Bank, York, Pennsylvania -- to establish a branch at 2170 White Street.
- Approved , January 7, 1997

Founders Bank, Bryn Mawr, Pennsylvania -- to establish a branch at 300 West State Street, Media, Pennsylvania.
- Approved , December 13, 1996

Premier Bank, Doylestown, Pennsylvania -- to establish a branch at 516 North Second Street Pike, Southampton, Pennsylvania.
- Approved , December 4, 1996

Dauphin Deposit Bank & Trust Company, Harrisburg, Pennsylvania -- to establish a branch at 1355 East Lehman Street, Lebanon, Pennsylvania.
- Approved , December 2, 1996

Twin Rivers Community Bank, Easton, Pennsylvania -- to establish a branch at 1003 West Broad Street, Bethlehem, Pennsylvania.
- Approved , November 8, 1996

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BCB Financial Services, Reading, PA -- to merge with Heritage Bancorp, Inc., Pottsville, Pennsylvania.
- Approved, March 9, 1998

Community Bank, Inc., Millersburg, Pennsylvania -- to acquire The Peoples State Bank, East Berlin, Pennsylvania.
- Approved, February 23, 1998

Franklin Financial Services Corporation, Chambersburg, Pennsylvania -- to engage in community development activities.
- Permitted , January 14, 1998

Sovereign Bancorp, Inc., Wyomissing, Pennsylvania -- to acquire ML Bancorp, Inc., Villanova, Pennsylvania.
- Approved, December 18, 1997

BCB Financial Services Corporation, Reading, Pennsylvania -- request for relief from a commitment.
- Granted , December 17, 1997

Penseco Financial Services, Scranton, Pennsylvania -- to acquire Penn Security Bank and Trust Company.
- Approved , November 26, 1997

MBNA Corporation, Wilmington, Delaware -- to acquire MBNA America Bank (Delaware), Wilmington, Delaware.
- Approved , November 7, 1997

Penns Woods Bancorp, Inc., Williamsport, Pennsylvania -- to acquire up to 10 percent of Columbia Financial Corporation, Bloomsburg, Pennsylvania.
- Approved , November 3, 1997

Premier Bancorp, Inc., Doylestown, Pennsylvania -- to acquire Premier Bank, Pa.
- Approved , October 30, 1997

CoreStates Financial Corp., Philadelphia, Pennsylvania -- to engage in automated teller machine and point-of-sale activities on a worldwide basis through Electronic Payment Services, Inc., Wilmington, Delaware.
- Permitted , September 18, 1997

Century Bancorp, MHC, Bridgeton, New Jersey, and Century Bancorp, Inc. -- to acquire Century Savings Bank.
- Approved , August 22, 1997

Harris Financial Inc., Harrisburg, Pennsylvania, and Harris Financial, MHC -- to acquire Harris Savings Bank and Bancorp.
- Approved , August 19, 1997

Keystone Financial Inc., Harrisburg, Pennsylvania -- to acquire MMC & P, Inc., Pittsburgh, Pennsylvania, and thereby engage in employee benefits consulting services.
- Approved , August 5, 1997

Penncore Financial Service Corporation, Newtown, Pennsylvania -- request for waiver of application to acquire Penncore Phantom Savings Bank.
- Granted , July 23, 1997

ML Bancorp, Inc., Villanova, Pennsylvania -- request for waiver of application to acquire Penncore Financial Services Corporation, Newtown, Pennsylvania, and Commonwealth State.
- Granted , July 23, 1997

Fulton Financial Corp., Lancaster, Pennsylvania -- to acquire The Peoples Bank of Elkton, Elkton, Maryland.
- Approved , July 7, 1997

Absecon Bancorp, Absecon, New Jersey -- to acquire The First National Bank of Absecon.
- Approved , June 19, 1997

Penncore Financial Services Corporation, Newtown, Pennsylvania -- waiver of application to acquire ML Bancorp, Inc., Villanova, Pennsylvania, and Main Line Bank.
- Returned , June 5, 1997

Northumberland Bancorp, Dunmore, Pennsylvania -- to acquire The Northumberland National Bank, Northumberland, Pennsylvania.
- Approved , June 4, 1997

Susquehanna Bancshares, Inc., Lititz, Pennsylvania -- to acquire Founders Bank, Bryn Mawr, Pennsylvania.
- Approved , May 27, 1997

First National Community Bancorp, Inc., Dunmore, Pennsylvania -- to acquire First National Community Bank.
- Approved , May 23, 1997

Penns Woods Bancorp, Inc., Williamsport, Pennsylvania -- to acquire Columbia Financial Corporation, Bloomsburg, Pennsylvania.
- Approved , May 2, 1997

Covenant Bancorp, Inc., Haddonfield, New Jersey -- to acquire Covenant Bank.
- Approved , May 2, 1997

Patriot Bank Corp., Pottstown, Pennsylvania -- to acquire Patriot Bank.
- Approved , April 17, 1997

USABancShares, Inc., Philadelphia, Pennsylvania -- to acquire up to 6.0 percent of the shares of Regent Bancshares Corp.
- Approved , April 10, 1997

USABancShares, Inc., Philadelphia, Pennsylvania -- to engage in brokerage activities through the acquisition of The Knox Financial Services Group, Inc.
- Permitted , April 9, 1997

Prime Bancorp, Inc., Fort Washington, Pennsylvania -- request for relief from divestiture commitments made in connection with the approval of the application by Prime Newco, Inc., to acquire First Sterling Bancorp, Inc., Devon, Pennsylvania, and First Sterling Bank.
- Granted , March 26, 1997

Keystone Financial Inc., Harrisburg, Pennsylvania -- to acquire Financial Trust Corp., Carlisle, Pennsylvania.
- Approved , March 19, 1997

Keystone Financial Inc., Harrisburg, Pennsylvania -- request for waiver of application to acquire First Federal Savings Bank of Western Maryland and First Financial Corporation of Western Maryland, both of Cumberland, Maryland.
- Granted , March 18, 1997

Sun Bancorp, Inc., Selinsgrove, Pennsylvania -- request for waiver of the application to acquire Bucktail Bank and Trust Company, Emporium, Pennsylvania.
- Granted , March 13, 1997

Fulton Financial Corporation, Lancaster, Pennsylvania -- to acquire The Woodstown National Bank & Trust Company, Woodstown, New Jersey.
- Approved , January 27, 1997

Commerce Bancorp, Inc., Cherry Hill, New Jersey -- request for relief from certain commitments involving an investment in Independence Bancorp, Inc., Ramsey, New Jersey.
- Granted , January 23, 1997

Commerce Bancorp, Inc., Cherry Hill, New Jersey -- to acquire Independence Bancorp, Inc., Ramsey, New Jersey.
- Approved , January 23, 1997

USBancorp, Inc., Johnstown, Pennsylvania -- request for relief from a commitment.
- Granted , January 15, 1997

Commerce Bancorp, Inc., Cherry Hill, New Jersey -- to acquire Independence Bancorp, Inc., Ramsey, New Jersey.
- Approved , January 6, 1997

Fulton Financial Corporation, Lancaster, Pennsylvania -- to engage in community development activities.
- Permitted , December 26, 1996

Susquehanna Bancshares, inc., Lititz, Pennsylvania -- to retain American Title, Inc., Reistertown, Maryland; Mid-Atlantic Title Company, Towson, Maryland; and Maryland Title Company, Baltimore, Maryland, and engage in real estate settlement activities.
- Approved , December 2, 1996

JeffBanks, Inc., Philadelphia, Pennsylvania -- to acquire United Valley Bancorp, Inc., and United Valley Bank.
- Approved , November 29, 1996

Fulton Financial Corporation, Lancaster, Pennsylvania -- to engage in community development activities through an investment in a limited partnership.
- Permitted , November 19, 1996

Prime Newco Inc., Philadelphia, Pennsylvania -- to acquire First Sterling Bancorp, Inc., Devon, Pennsylvania, and operate a savings association and engage in community development activities.
- Approved , November 15, 1996

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First Sterling Bank, Devon, Pennsylvania -- to merge with Prime Bank, Philadelphia, Pennsylvania.
- Approved , September 17, 1997

Johnstown Bank and Trust Company, Johnstown, Pennsylvania -- to merge with Laurel Bank, Ebensburg; and Fayette Bank, Uniontown, Pennsylvania.
- Approved , September 17, 1997

Ambassador Bank of the Commonwealth, Allentown, Pennsylvania -- to merge with Wilbur Savings Bank, Bethlehem, Pennsylvania.
- Approved , August 14, 1997

Johnstown Bank and Trust Company, Johnstown, Pennsylvania -- to acquire the assets and assume the liabilities of branches of National City Bank of Pennsylvania, Pittsburgh, at 210 East Main Street, Everett; 229 Main Street, Meyersdale; and 102 North Grant Street, Salisbury, Pennsylvania, and to establish branches.
- Approved , May 9, 1997

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Financial Trust Company, Carlisle, Pennsylvania -- report on competitive factors of the proposed purchase of certain assets and assumption of certain liabilities of seven branches of Pennsylvania National Bank and Trust Company, Pottsville, Pennsylvania.
- Submitted, February 4, 1998

PSB Interim Bank, East Berlin, Pennsylvania -- report on competitive factors of the proposed merger with The Peoples State Bank.
- Submitted, February 3, 1998

Sun National Bank, Vineland, New Jersey -- report on competitive factors of the proposed purchase of certain assets and assumption of certain liabilities of the Eatontown branch of First Savings Bank, SLA, Perth Amboy, New Jersey.
- Submitted, January 26, 1998

Peoples State Bank of Wyalusing, Wyalusing, Pennsylvania -- report on competitive factors of the proposed purchase of the assets and assumption of the liabilities of three branches of Northern Central Bank, Williamsport, Pennsylvania.
- Submitted, December 18, 1997

Sovereign Bank, Wyomissing, Pennsylvania -- report on competitive factors of the proposed merger with Main Line Bank, Villanova, Pennsylvania.
- Submitted, December 18, 1997

Penn Security Bank and Trust Company, Scranton, Pennsylvania -- report on competitive factors of the proposed merger with Penn Security Interim Bank and Trust Company.
- Submitted, December 5, 1997

Beneficial Mutual Savings Bank, Philadelphia, Pennsylvania -- report on competitive factors of the proposed purchase of assets and assumption of liabilities of the Mount Laurel, New Jersey, branch of Summit Bank, Hackensack New Jersey.
- Submitted, November 6, 1997

First Union National Bank, Avondale, Pennsylvania -- report on competitive factors of the proposed merger with Covenant Bank, Haddonfield, New Jersey.
- Submitted, November 5, 1997

Pennsylvania Savings Bank, Philadelphia, Pennsylvania -- report on competitive factors of the proposed merger with Interim PS Bank-A and Interim PS Bank-B.
- Submitted, October 31, 1997

PNC Bank Delaware, Wilmington, Delaware -- report on competitive factors of the proposed merger with PNC National Bank of Delaware.
- Submitted, October 10, 1997

Corestates Bank of Delaware, National Association, Wilmington, Delaware -- report on competitive factors of the proposed merger with Corestates Delaware, National Association.
- Submitted, October 10, 1997

Port Richmond Savings, Philadelphia, Pennsylvania -- report on competitive factors of the proposed merger with Fillmore Building and Loan Association.
- Submitted, October 1, 1997

National Penn Bank, Boyertown, Pennsylvania -- report on competitive factors of the proposed purchase of certain assets and assumption of certain liabilities of the Topton branch of Patriot Bank, Pottstown, Pennsylvania.
- Submitted, September 25, 1997

Quakertown National Bank, Quakertown, Pennsylvania -- report on competitive factors of the proposed purchase of assets and assumption of liabilities of the Quakertown branch of First Lehigh Bank, Walnutport, Pennsylvania.
- Submitted, September 22, 1997

Quakertown National Bank, Quakertown, Pennsylvania -- report on competitive factors of the proposed purchase of the assets and assumption of the liabilities of the Quakertown branch of First Lehigh Bank, Walnutport, Pennsylvania.
- Submitted, September 12, 1997

Delaware Chase Manhattan Bank USA National Association, Wilmington, Delaware -- report on competitive factors of the proposed purchase of certain assets and assumption of certain liabilities of The Chase Manhattan Bank, New York, New York.
- Submitted, August 29, 1997

Kishacoquillas Valley National Bank, Belleville, Pennsylvania -- report on competitive factors of the proposed acquisition of certain assets and assumption of certain liabilities of the McVeytown branch and the Mill Creek branch of Mellon Bank, N.A., Pittsburgh, Pennsylvania.
- Submitted, August 29, 1997

Union National Bank & Trust Company, Souderton, Pennsylvania -- report on competitive factors of the proposed acquisition of certain assets and assumption of certain liabilities of the East Greenville branch of First National Bank, Avondale, Pennsylvania.
- Submitted, August 26, 1997

First National Bank of Wyoming, Wyoming, Delaware -- report on competitive factors of the proposed purchase of the assets and assumption of the liabilities of two offices of JCPenny National Bank, Harrington, New Jersey.
- Submitted, August 21, 1997

Bank of Delmar, N.A., Seaford, Delaware -- report on competitive factors of the proposed purchase of certain assets and assumption of certain deposit liabilities of two branches of Mellon Bank (DE), N.A., Wilmington, Delaware.
- Submitted, August 12, 1997

Sovereign Bank, Federal Savings Bank, Wyomissing, Pennsylvania -- report on competitive factors of the proposed purchase of certain assets and assumption of certain deposit liabilities of Fleet Financial Group, Inc., Boston, Massachusetts.
- Submitted, August 12, 1997

Sun National Bank, Vineland, New Jersey -- report on competitive factors of the proposed acquisition of eleven branches of the Bank of New York, New York, New York.
- Submitted, August 12, 1997

Chambersburg Trust Company, Chambersburg, Pennsylvania -- report on competitive factors of the proposed merger with First National Bank and Trust Company, Waynesboro, Pennsylvania.
- Submitted, August 1, 1997

Chambersburg Trust Company, Chambersburg, Pennsylvania -- report on competitive factors of the proposed merger with Financial Trust Company, Carlisle, Pennsylvania.
- Submitted, August 1, 1997

Commonwealth State Bank, Newtown, Pennsylvania -- report on competitive factors of the proposed merger with Main Line Bank, Villanova, Pennsylvania.
- Submitted, July 21, 1997

Harleysville National Bank and Trust Company, Harleysville, Pennsylvania, proposed acquisition of the assets and assumption of the liabilities of one branch of Blue Ball National Bank, Blue Ball, Pennsylvania -- report on competitive factors.
- Submitted, July 9, 1997

Penncore Phantom Savings Bank, Newtown, Pennsylvania, proposed merger with Commonwealth State Bank -- report on competitive factors.
- Submitted, June 19, 1997

Advanta National Bank, Wilmington, Delaware, proposed merger with Advanta National Bank USA, Wilmington, Delaware -- report on competitive factors.
- Submitted, June 13, 1997

FNB Bank, National Association, Danville, Pennsylvania, proposed acquisition of certain assets and assumption of certain liabilities of two branches of Mellon Bank, National Association, Pittsburgh, Pennsylvania -- report on competitive factors.
- Submitted, June 13, 1997

Sovereign Bancorp, Inc., Wyomissing, Pennsylvania, proposed merger with Bankers Corporation, Perth Amboy, New Jersey -- report on competitive factors.
- Submitted, May 20, 1997

Sun National Bank, Vineland, New Jersey, proposed purchase of the assets and assumption of the liabilities of three offices of Oritani Savings Bank, Hackensack, New Jersey -- report on competitive factors.
- Submitted, May 7, 1997

Century Savings Bank, Bridgeton, New Jersey, proposed merger with Century Interim Savings Bank -- report on competitive factors.
- Submitted, April 2, 1997

Northumberland National Bank, Northumberland, Pennsylvania, proposed merger with Northumberland Interim National Bank -- report on competitive factors.
- Submitted, March 26, 1997

American Trust Bank, National Association, Cumberland, Maryland, proposed acquisition of the assets and assumption of the liabilities of First Savings Bank of Western Maryland -- report on competitive factors.
- Submitted, March 26, 1997

Sovereign Bank, Wyomissing, Pennsylvania -- proposed merger with Sovereign Community Bank, Freehold, New Jersey -- report on competitive factors.
- Submitted, March 17, 1997

Harris Savings Bank, Harrisburg, Pennsylvania, proposed merger with Harris Interim Savings Bank -- report on competitive factors.
- Submitted, March 10, 1997

Mifflinburg Bank and Trust Company, Mifflinburg, Pennsylvania, proposed assumption of the liabilities of the Richfield branch of Northern Central Bank at Route 35, Richfield, Pennsylvania -- report on competitive factors.
- Submitted, March 4, 1997

First National Interim Bank, Dunmore, Pennsylvania, proposed merger with First National Community Bank -- report on competitive factors.
- Submitted, February 20, 1997

Prudential Savings Association, Philadelphia, Pennsylvania, proposed purchase of the assets and assumption of the liabilities of two branches of Roxborough Federal Savings Bank -- report on competitive factors.
- Submitted, February 20, 1997

St. Edmonds Federal Savings Bank, Philadelphia, Pennsylvania, proposed merger with Home Building Society Bank -- report on competitive factors.
- Submitted, February 20, 1997

Absecon Interim National Bank, Absecon, New Jersey, proposed merger with The First National Bank of Absecon -- report on competitive factors.
- Submitted, February 20, 1997

Boatmen's Credit Card Bank, Albuquerque, New Mexico, proposed merger with NationsBank of Delaware National Association, Dover, Delaware -- report on competitive factors.
- Submitted, February 20, 1997

Sun National Bank, Vineland, New Jersey -- proposed acquisition of the assets and assumption of the liabilities of four branches of First Union National Bank, Avondale, Pennsylvania -- report on competitive factors.
- Submitted, February 12, 1997

SunBank, Selinsgrove, Pennsylvania, proposed acquisition of Bucktail Bank and Trust Company, Emporium, Pennsylvania -- report on competitive factors.
- Submitted, January 27, 1997

Patriot Bank, Pottstown, Pennsylvania, proposed merger with Patriot Interim Bank -- report on competitive factors.
- Submitted, January 16, 1997

Associates National Bank, Wilmington, Delaware, proposed purchase of substantially all of the Visa and MasterCard credit card accounts and receivables of JCPenney National Bank and purchase of private label consumer credit card accounts and one day's worth of receivables from these accounts from Texaco Credit Card Bank, N.A., Omaha, Nebraska -- report on competitive factors.
- Submitted, January 15, 1997

Woodstown National Bank and Trust Company, Woodstown, New Jersey, proposed merger with WNB Interim Bank -- report on competitive factors
- Submitted, January 13, 1997

Clearfield Bank and Trust Company, Clearfield, Pennsylvania, proposed acquisition of the assets and assumption of the liabilities of one branch of Mid-State Bank Company, Altoona, Pennsylvania -- report on competitive factors.
- Submitted, December 17, 1996

First Union National Bank, Avondale, Pennsylvania, proposed merger with Centre Square Trust Company, Philadelphia, Pennsylvania -- report on competitive factors.
- Submitted, December 10, 1996

Peoples National Bank of Susquehanna County, Hallstead, Pennsylvania , proposed purchase of the assets and assumption of the liabilities of two offices of Mellon Bank, N.A., Pittsburgh, Pennsylvania -- report on competitive factors.
- Submitted, December 2, 1996

Collective Bank, Egg Harbor, New Jersey, proposed merger with Collective Bank of New Jersey, Laurel Springs, New Jersey -- report on competitive factors.
- Submitted, November 27, 1996

Union Bank and Trust Company, Pottsville, Pennsylvania -- proposed acquisition of the assets and assumption of the liabilities of two branches of Pennsylvania National Bank and Trust Company -- report on competitive factors.
- Submitted, November 25, 1996

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Pennsylvania State Bank, Camp Hill, Pennsylvania -- extension to October 15, 1998, to establish a branch at lots 4 and 5 of the Subdivision Plan of AMP, Inc. Cumberland Parkway, Mechanicsburg, Pennsylvania.
- Granted , September 24, 1997

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CoreStates Bank, N.A., Philadelphia, Pennsylvania -- to establish a branch in Seoul, Korea.
- Approved , March 13, 1997

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