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Pennsylvania Acting Secretary of Banking and Securities Sarah Hammer Releases Statement on Bank Supervision

03/20/2023

Pennsylvania Acting Secretary of Banking and Securities Sarah Hammer released the following statement: 

"The Pennsylvania Department of Banking and Securities works to promote the safety and soundness of financial institutions and compliance with statutory requirements that provide protections to Pennsylvania residents. To protect Pennsylvanians, the Department carefully monitors and examines Pennsylvania chartered banks for capital adequacy, asset quality, management, earnings, liquidity, and sensitivity. The Department continues to work with federal regulators to protect Pennsylvanians and their finances and is monitoring the current situation unfolding in the financial sector closely."

 

MEDIA CONTACT: Madeline Williams - 717.214.6036, DoBSComm@PA.gov

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