THE GENERAL ASSEMBLY OF PENNSYLVANIA

HOUSE RESOLUTION

INTRODUCED BY HESS AND DALEY, MARCH 17, 2011

INTRODUCED AS NONCONTROVERSIAL RESOLUTION UNDER RULE 35, MARCH 17, 2011  

A RESOLUTION

Designating the week of April 4 through 8, 2011, as "Community

Banking Week" 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 to grow; and

WHEREAS, Today, more than 225 community banks in this

Commonwealth continue the tradition of giving back to their

local communities through nearly 2,500 banking offices; and

WHEREAS, With more than $90 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, Community banks are working citizens in their

communities in every sense of the word with more than 40,000

full-time and part-time employees; and

WHEREAS, These banks have made significant contributions to

the economic well-being of this Commonwealth through their

financial support, their dedication as good neighbors and, above

all, their service as financially sound and reliable sources of

economic lifeblood in our communities; and

WHEREAS, Pennsylvania's community banks focus on the

prosperity of individuals and small businesses in their

hometowns; and

WHEREAS, Community banks have reinvested, on average, 95% of

their loan portfolios in their own communities through

residential mortgages and commercial, agricultural and student

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, they contribute an

important and strong part of this Commonwealth's economic

fabric; and

WHEREAS, Community banks also enjoy the trust of their

customers; and

WHEREAS, Through community banks, neighbors are helping

neighbors build their homes, save for higher education, plan for

retirement and fulfill other dreams; 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 House of Representatives designate the

week of April 4 through 8, 2011, as "Community Banking Week" in

Pennsylvania.