Section 8. Section 903(a) of the act, amended March 4, 1982 (P.L.135, No.44) and April 8, 1982 (P.L.262, No.79), is amended to read:
Section 903. Change of Location of Office
(a) Change of principal place of business--An institution may, with the prior written approval of the department and, in the case of an incorporated institution by amendment of its articles, change the location of its principal place of business to a new location[:
(i) in the same city, incorporated town, borough or
township, or
(ii) in the same county or in a county contiguous
thereto if
(A) the total of its surplus, unallocated reserves
and undivided profits in the case of a mutual savings
bank, or its net worth in the case of a private bank or
employes' mutual banking association, at least equals a
minimum amount specified by the department,
(B) in the case of any other institution, its
capital and surplus are at least equal to the minimum
capital and surplus which would be required by this act
upon original incorporation with a principal place of
business in the city, incorporated town, borough or
township of the new location and, if the institution has
branches, it has the additional capital and surplus
required by this act for the establishment of such
branches, or
(C) the institution has not previously changed the
location of its principal place of business to a new
location in a county contiguous to the county where the
institution was originally chartered to do business. If
an institution has made a previous change, it may
relocate to the county where it was originally chartered
to do business or to any county contiguous thereto.] anywhere in this Commonwealth.
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