Pennsylvania Statutes Title 7 P.S. Banks and Banking § 1408. Removal of directors or trustees

(i) by the vote of shareholders entitled to cast at least a majority of the votes which all shareholders would be entitled to cast at an annual election of directors, unless

(ii) in the case of an individual director, if the entire board is not removed, there shall be cast against the resolution for his removal the votes of a sufficient number of shares which if cumulatively voted at an annual election would be sufficient to elect one or more directors.

(i) he is adjudicated an incompetent by a court or is convicted of a felony,

(ii) he does not, within sixty days after his election or such longer time as the by-laws may specify, accept the office in writing or by attendance at a meeting and fulfill other requirements for holding the office,

(iii) he fails to attend regular meetings of the board for six successive months without having been excused by the board, or

(iv) in the case of a trustee of a savings bank, he accepts directly or indirectly any funds of the savings bank as a loan not permitted to be made by this act or becomes surety or guarantor for any money borrowed from the savings bank or becomes a trustee, officer or employe of another savings bank.