A trend among Pennsylvania banks seeking to switch from being federally chartered to state chartered stems from several factors, including cheaper state charter assessment fees and a greater comfort level dealing with state regulators than the much-tougher federal Office of the Comptroller of the Currency.

But Ballard Spahr partner Alan S. Kaplinsky said there is still an advantage for larger banks to have a federal charter, especially those that conduct business in multiple states. “If you have any kind of interstate operations, I would recommend keeping it,” Mr. Kaplinsky said.

Related Practice

Bank Regulation and Supervision