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Banks


About three out of four banks headquartered in Pennsylvania are chartered by the Pennsylvania Department of Banking and Securities. These entities include banks, bank and trust companies, and savings banks. Bank customer accounts are insured by the Federal Deposit Insurance Corporation (FDIC).  List of PA State-Chartered Banks.

News


April 16, 2021

2020 Annual Audit Reports Due
Read the Deputy Secretary's Letter on 2020 Annual Audit Report (PDF) for Banks, Bank & Trust, and Savings Banks:  
email to ra-bndepannualauditr@pa.gov.  
Trust Companies should email RA-BNTrustAudit@pa.gov
 
April 15, 2021

2021 Oaths and Rosters Due
Read the Director's Letter 2021 Oath and Roster Forms (PDF).
Banks, Bank & Trust, and Savings Banks:  
e-mail to ra-bnoathrosterforms@pa.gov

March 26, 2021 

NEW ALERT

CISA has issued a new alert for detecting post-compromise threat activity using the CHIRP IOC Detection Tool.  The tool to assist network defenders with detecting activity related to the supply chain compromises affecting SolarWinds and Active Directory/Microsoft 365.  Access the alert here. https://us-cert.cisa.gov/ncas/alerts/aa21-077a  

March 16, 2021 

UPDATE:  Microsoft Exchange Server Vulnerability

CISA has updated Alert AA21-0762A regarding the Microsoft Exchange Server Vulnerability with further guidance. The updated Alert may be found here:  https://us-cert.cisa.gov/ncas/alerts/aa21-062a

March 12, 2021 

Microsoft Exchange Server Vulnerability

CISA Emergency Directive 21-02:  The Cybersecurity & Infrastructure Security Agency (CISA) has issued Emergency Directive 21-02 regarding Microsoft Exchange On-Premises Product Vulnerabilities.  Additional information may be found here.  https://www.cisa.gov/ed2102Opens In A New Window.  All institutions should be assessing their own and vendor exposure to the Microsoft Exchange vulnerability and taking necessary mitigation steps.    

February 12, 2021

Ransomware

The Bankers Electronic Crimes Taskforce (BECTF), State Bank Regulators and the United States Secret Service has developed a Ransomware Self-Assessment Tool.  The tool was developed to help financial institutions assess their efforts to mitigate risks associated with ransomware and identify gaps for increasing security. This tool provides executive management and the board of directors with an overview of the institution’s preparedness towards identifying, protecting, detecting, responding, and recovering from a ransomware attack.  

For more information click here.

December 21, 2020

Alert - SolarWinds Orion Platform Software IT Incident

On December 13, 2020, the Cybersecurity and Infrastructure Security Agency (CISA) issued an alert regarding an active exploitation of SolarWinds Orion Platform. See  https://us-cert.cisa.gov/ncas/current-activity/2020/12/13/active-exploitation-solarwinds-software.  All financial institutions should be assessing the risk to their systems and implementing necessary remediation measures. 

Financial Institutions are encouraged to obtain updates and threat and vulnerability information from the Cybersecurity and Infrastructure Security Agency at http://www.cisa.gov or through the Financial Services Information Sharing and Analysis Center (FS-ISAC) at http://www.fsisac.com.

The below are links to additional resources financial institutions may refer to as they conduct their risk assessments and determine applicable remediation steps. 

September 28, 2020

2021 Bank Holidays (PDF)

March 20, 2020

FDIC Coronavirus Information for Bankers and Consumers

https://www.fdic.gov/coronavirus/index.html

Federal Reserve Resources for Coronavirus
https://www.federalreserve.gov/covid-19.htm
 

March 16, 2020

Department Office Closure Communication

Please see attached .pdf or below instructions.

Advisory: The physical locations for the Department of Banking and Securities are currently closed. We are maintaining operations through electronic communication.  Please review the below information for operational changes during this time. 

Branch Operations: Notifications of temporary branch operations changes should follow the same procedures as severe weather incidents.  An email indicating what locations are affected, what operations at each location are being changed/limited, the expected duration and any other relevant information should be sent to your assigned Case Manager or Exam Field Supervisor in the alternative.  

Mail: Any document that will be mailed to the Bureau of Bank Supervision must also be sent electronically to the following email address: RA-BNBankSupervision@pa.gov.  Any bank that sent documents via mail within the last three (3) days should re-send those documents electronically to the aforementioned email address.  If you have a concern about documents mailed recently, please contact Sheila Hughes at (717) 783-8240 or email at sheihughes@pa.gov

Filings/ApplicationsAll checks should continue be sent to the Bureau of Bank Supervision through regular mail with the original filing. Electronic copies of the original filing and a copy of all applicable checks must be sent electronically to the following email address: RA-BNBankSupervision@pa.gov.   General questions regarding filings should be addressed to Sheila Hughes at (717) 783-8240 or email at sheihughes@pa.gov.   You may also contact your assigned Case Managers for specific questions: 

Jessica Delaney, Case Manager:  (717) 503-6179 or jdelaney@pa.gov
Alison Cestello, Case Manager:  (412) 565-7519 or acestello@pa.gov 
Donna Weller, Case Manager:  (717) 783-2497 or doweller@pa.gov  

Examinations: Questions regarding examinations should be directed to the assigned EIC or your Field Supervisor and/or Mary Rutkowski, Field Examinations Chief at (717) 503-5574 and marutkowsk@pa.gov.  

Jessica Kessock, Field Supervisor:  (717) 412-8100 or jkessock@pa.gov
Michael Goffredo, Field Supervisor:  (717) 439-2194 or migoffredo@pa.gov  

July 29, 2019

Secretary's Letter on LIBOR Transition (PDF)
The Department urges state-regulated banks, credit unions, and financial services companies to take action and prepare for the replacement of London Interbank Offered Rate (LIBOR). 

February 9, 2018

Deputy Secretary’s Letter (PDF) regarding Internal Audit Programs for Financial Institutions (PDF)

November 13, 2017

Secretary's Letter on Cybersecurity (PDF)
The Department continues to work collaboratively with federal regulators, other states financial regulators, and other Commonwealth agencies to address cybersecurity challenges.

Federal Government Principles on Responding to Cyber Incidents
A Presidential Policy Directive (PPD-41) released on July 26, 2016, sets forth principles governing the federal government’s response to any cyber incident, whether involving government or private sector entities. For significant cyber incidents, PPD-41 also establishes lead federal agencies and an architecture for coordinating the broader federal government response. Learn more: http://bit.ly/2aeAUtZ.
 

Cybersecurity Update
The Federal Financial Institutions Examination Council (FFIEC) members have issued a revised Management booklet, which is part of the FFIEC Information Technology Examination Handbook (IT Handbook). The IT Handbook is available here.

The department has issued a Deputy Secretary’s letter regarding Accumulated Other Comprehensive Income (AOCI) op-out election on your institution’s March 31, 2015, Call Report. An institution that is not an advanced approaches institution must choose to either opt out or not opt out of the requirement to include most components of AOCI in common equity tier 1 capital. The election is irrevocable. Please review the Deputy Secretary’s letter (PDF) for important information.
   
Read the Secretary's Letter on bank assessment fees (PDF). Visit the department's Estimated Assessment Calculator.

 

Contact Us: 

Bank Supervision717.783.8240

Trust Supervision: 717.783.2253 

 

Consumers wishing to file a complaint or ask a question can use our online form or contact Consumer Services at 1-800-PA-BANKS (800.722.2657).