Regulatory Alerts2000-03-28
Establish & Operate Messenger Service Branches
The Pennsylvania Department of Banking issued a letter approving the legal authority for state-chartered banks to establish and operate messenger service branches. This approval permits banks to transport items related to customer transactions as well as use excess capacity to handle banking, financial, or accounting documents for current or non-customers. The Department clarified that while the activity is legally permissible, banks must still file and receive formal branch application approval before commencing operations.
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