1464 NOTICES DEPARTMENT OF BANKING Actions on Applications 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 March 1, 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. BANKING INSTITUTIONS Section 112 Acquisitions Date Name and Location of Applicant Action 2-25-2011 Kieran Goodwin Filed Application for approval to acquire up to 35.3% of the common stock of Colonial American Bank, Horsham. 2-25-2011 The Snyder Group Filed Application for approval to acquire up to 51.0% of the common stock of NexTier, Inc., Butler. Holding Company Acquisitions Date Name and Location of Applicant Action 2-24-2011 Northwest Bancshares, Inc. Approval Warren Rescinded Warren County Application for approval to acquire 100% of NexTier, Inc., Butler, and thereby indirectly acquire 100% of NexTier Bank, National Association, Butler. Consolidations, Mergers, and Absorptions Date Name and Location of Applicant Action 2-24-2011 Northwest Savings Bank Approval Warren Rescinded Warren County Application for approval to merge NexTier Bank, National Association, Butler, with and into Northwest Savings Bank, Warren. Branch Applications Branch Relocations Date Name and Location of Applicant Location of Branch Action 2-23-2011 Royal Asian Bank To: 449 Broad Avenue Filed Philadelphia Palisades Park Philadelphia County Bergen County, NJ From: 232 Broad Avenue Palisades Park Bergen County, NJ PENNSYLVANIA BULLETIN, VOL. 41, NO. 12, MARCH 19, 2011 NOTICES 1465 Date Name and Location of Applicant Location of Branch Action 2-23-2011 Royal Asian Bank To: 154-04 Northern Boulevard Filed Philadelphia Flushing Philadelphia County Queens County, NY From: 136-52 39th Avenue Flushing Queens County, NY Branch Discontinuances Date Name and Location of Applicant Location of Branch Action 2-15-2011 Citizens Bank of Pennsylvania Cinnaminson Acme Closed Philadelphia 1103 Route 130 South Philadelphia County Cinnaminson Burlington County, NJ 2-15-2011 Citizens Bank of Pennsylvania Moorestown Acme Closed Philadelphia 350 Young Avenue Philadelphia County Moorestown Burlington County, NJ 2-16-2011 Citizens Bank of Pennsylvania Limerick Acme Closed Philadelphia 31 West Ridge Pike Philadelphia County Limerick Montgomery County 2-18-2011 Reliance Savings Bank 1824 South Atherton Street Filed Altoona State College Blair County Centre County 2-18-2011 Royal Asian Bank 7001 West Chester Pike Filed Philadelphia Upper Darby Philadelphia County Delaware County SAVINGS INSTITUTIONS No activity. CREDIT UNIONS No activity. The Department’s web site at www.banking.state.pa.us includes public notices for more recently filed applications. PAUL WENTZEL, Acting Secretary [Pa.B. Doc. No. 11-448. Filed for public inspection March 18, 2011, 9:00 a.m.] Actions on Applications 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 March 8, 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. PENNSYLVANIA BULLETIN, VOL. 41, NO. 12, MARCH 19, 2011 1466 NOTICES BANKING INSTITUTIONS Interim Incorporations Date Name and Location of Applicant Action 3-1-2011 New Century Interim Bank Filed Phoenixville Chester County The purpose of New Century Interim Bank, Phoenixville, is to merge with New Century Bank (d/b/a Customers Bank), Phoenixville, to facilitate the proposed reorganization of New Century Bank into a bank holding company structure whereby New Century Bank will become the wholly-owned subsidiary of Customers Bancorp, Inc., Phoenixville, a new bank holding company in formation. Branch Applications De Novo Branches Date Name and Location of Applicant Location of Branch Action 2-28-2011 First Star Bank 2415 Park Avenue Opened Bethlehem Easton Northampton County Northampton County 3-3-2011 Orrstown Bank Carlisle Fairgrounds Approved Shippensburg T Building Cumberland County 1000 Bryn Mawr Road Carlisle Cumberland County (Limited Service Facility) Branch Discontinuances Date Name and Location of Applicant Location of Branch Action 2-25-2011 First Star Bank 3590 Northwood Avenue Closed Bethlehem Palmer Northampton County Northampton County 3-1-2011 Northwest Savings Bank 117 North Allegheny Street Approved Warren Bellefonte Warren County Centre County 3-3-2011 First Commonwealth Bank 363 Butler Street Filed Indiana Pittsburgh Indiana County Allegheny County 3-3-2011 First Commonwealth Bank 608 Miller Avenue Filed Indiana Clairton Indiana County Allegheny County 3-3-2011 First Commonwealth Bank 250 Summit Park Drive Filed Indiana Pittsburgh Indiana County Allegheny County 3-7-2011 Northwest Savings Bank 2000 North Flamingo Road Approved Warren Pembroke Pines Warren County Broward County, FL 3-7-2011 Northwest Savings Bank 950 South Pine Island Road Approved Warren Suite 180 Warren County Plantation Broward County, FL 3-7-2011 Northwest Savings Bank 1609 East Sunrise Boulevard Approved Warren Fort Lauderdale Warren County Broward County, FL 3-7-2011 Union Bank and Trust Company Redner’s Market Approved Pottsville Route 61 Schuylkill County Schuylkill Haven Schuylkill County 3-7-2011 Union Bank and Trust Company Redner’s Market Approved Pottsville Gold Star Highway Schuylkill County Shenandoah Schuylkill County PENNSYLVANIA BULLETIN, VOL. 41, NO. 12, MARCH 19, 2011 NOTICES 1467 SAVINGS INSTITUTIONS No activity. CREDIT UNIONS Community Charter Conversions Date Name and Location of Institution Action 3-7-2011 Hidden River Credit Union Approved Pottsville Schuylkill County The credit union proposes to amend Article 8 of its Articles of Incorporation to provide the following field of membership: ‘‘The membership of the credit union will be limited to: Anyone who lives, works, worships, volunteers, or attends school within Schuylkill County and to business and other legal entities located therein.’’ The Department’s web site at www.banking.state.pa.us includes public notices for more recently filed applications. PAUL WENTZEL, Acting Secretary [Pa.B. Doc. No. 11-449. Filed for public inspection March 18, 2011, 9:00 a.m.] Maximum Lawful Rate of Interest for Residential Mortgages for the Month of April 2011 The Department of Banking (Department), under the authority contained in section 301 of the act of January 30, 1974 (P. L. 13, No. 6) (41 P. S. § 301), determines that the maximum lawful rate of interest for residential mortgages for the month of April, 2011, is 6 1/2%. The interest rate limitations under the State’s usury statute were preempted to a great extent by Federal law, the Depository Institutions Deregulation and Monetary Control Act of 1980 (Pub. L. 96-221). Further preemption was instituted with the signing of Pub. L. 96-399, which overrode State interest rate limitations on any individual who finances the sale or exchange of residential real property which the individual owns and which the individual occupies or has occupied as his principal residence. Each month the Department is required by State law to compute and announce the ceiling rate on residential mortgages in this Commonwealth. This maximum rate