PRINTER'S NO. 3442
No. 645 Session of 2008
INTRODUCED BY DALEY AND HESS, MARCH 17, 2008
INTRODUCED AS NONCONTROVERSIAL RESOLUTION UNDER RULE 35, MARCH 17, 2008
A RESOLUTION 1 Recognizing the week of April 7 through 11, 2008, as "Community 2 Banking Week" in Pennsylvania. 3 WHEREAS, For more than 170 years, Pennsylvania's community 4 financial institutions have provided the local support our 5 communities need to prosper and grow; and 6 WHEREAS, Today, more than 225 community banks in this 7 Commonwealth continue the tradition of giving back to their 8 local communities through nearly 2,500 banking offices. With 9 more than $130 billion in assets, community banks know that when 10 money stays in town it becomes a renewable resource, creating an 11 economic cycle that constantly revitalizes and stimulates local 12 communities; and 13 WHEREAS, Community banks are working citizens in their 14 communities in every sense of the word with more than 40,000 15 full-time and part-time employees; and 16 WHEREAS, These banks have made significant contributions to 17 the economic well-being of this Commonwealth through their
1 financial support, their dedication as good neighbors and, above 2 all, their service as financially sound and reliable sources of 3 economic lifeblood in our communities; and 4 WHEREAS, Pennsylvania's community banks focus on the 5 prosperity of individuals and small businesses in their 6 hometowns; and 7 WHEREAS, Community banks have reinvested, on average, 95% of 8 their loan portfolios in their own communities through 9 residential mortgages and commercial, agricultural and student 10 loans; and 11 WHEREAS, Community banks play a significant role in local 12 economic development efforts, stimulating the economy to produce 13 jobs and new opportunities and, as a group, they contribute an 14 important and strong part of this Commonwealth's economic 15 fabric; and 16 WHEREAS, Community banks also enjoy the trust of their 17 customers; and 18 WHEREAS, Indeed, neighbors are helping neighbors build their 19 homes, save for higher education, plan for retirement and 20 fulfill other dreams; and 21 WHEREAS, Community banks have long helped in the development 22 of our communities and this Commonwealth as a whole, and we look 23 forward to many more contributions; therefore be it 24 RESOLVED, That the House of Representatives recognize the 25 week of April 7 through 11, 2008, as "Community Banking Week" in 26 Pennsylvania. C13L82JS/20080H0645R3442 - 2 -