Pennsylvania Governor Thornburgh to Sign Regional Interstate Banking Bill

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Pennsylvania Governor Thornburgh to Sign Regional Interstate Banking Bill

HARRISBURG, Pa. -- Pennsylvania governor Richard Thornburgh will sign an interstate banking bill this morning, according to sate banking department officials. The legislation, which is expected to quickly broaded the operating territory of several large banks in the region, will become effective 60 days after the governor's approval.

The Pennsylvania Senate on Monday sent the measure to the governor, after concurring with House-approved amendments to the regional reciprocity bill. The Senate approved the bill by a vote of 47-to-2.

The interstate region includes New Jersey, Delaware, Maryland, Ohio, Virginia, West Virginia, Kentucky, and the District of Columbia. The legislation …