Pa. Senate Clears Bill Requiring S&Ls To Convert To Banks
The legislation sponsored by Sen. Mike Brubaker, R-Lancaster, comes as the state Department of Banking and Securities is looking for ways to become more cost-effective and streamline its operations.
"Our current banking code, which regulates state-chartered savings and loan associations, is nearly 50 years old,” Brubaker said in a statement. “This bill will...
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