PRINTER'S NO. 1648
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE RESOLUTION
No.
311
Session of
2015
INTRODUCED BY WHITE, MENSCH, BROWNE, RESCHENTHALER, GREENLEAF,
EICHELBERGER, TEPLITZ, BREWSTER, RAFFERTY, BAKER, YAW,
DINNIMAN, ARGALL, SABATINA, FONTANA, COSTA, SCAVELLO,
VULAKOVICH, BARTOLOTTA, HUTCHINSON, McILHINNEY AND HUGHES,
MARCH 22, 2016
INTRODUCED AND ADOPTED, MARCH 22, 2016
A RESOLUTION
Designating the month of April 2016 as "Community Banking Month"
in Pennsylvania.
WHEREAS, For more than 200 years, Pennsylvania's community
financial institutions have provided the local support that
Commonwealth communities need to prosper and grow; and
WHEREAS, Today, more than 180 community banks in this
Commonwealth continue the tradition of giving back to their
local communities through more than 1,200 banking offices; and
WHEREAS, With more than $110 billion in assets, community
banks know that when money stays in a town it becomes a
renewable resource, creating an economic cycle that constantly
revitalizes and stimulates local communities; and
WHEREAS, These banks have made significant contributions to
the economic well-being of this Commonwealth through their
financial support, dedication as good neighbors and, above all,
service as financially sound and reliable sources of economic
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lifeblood in our communities; and
WHEREAS, Pennsylvania's community banks focus on the
prosperity of individuals and small businesses in their
hometowns and enjoy the trust of their customers; and
WHEREAS, Community banks have reinvested, on average, 95% of
their loan portfolios into their own communities through
residential mortgages and commercial and agricultural loans; and
WHEREAS, Community banks play a significant role in local
economic development efforts, stimulating the economy to produce
jobs and new opportunities and, as a group, contribute an
important and strong part of this Commonwealth's economic
fabric; and
WHEREAS, Neighbors are helping neighbors build their homes,
save for higher education, plan for retirement and fulfill other
dreams through community banks; and
WHEREAS, Community banks have continued their strong
tradition of small business lending, in spite of difficult
economic conditions, so that they may strengthen and support
this Commonwealth's economy; and
WHEREAS, Community banks have long helped in the development
of our communities and this Commonwealth as a whole, and we look
forward to many more contributions; therefore be it
RESOLVED, That the Senate designate the month of April 2016
as "Community Banking Month" in Pennsylvania.
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