Pennsylvania Statutes Title 7 P.S. Banks and Banking § 6020-55. Branches acquired from the receiver of a closed association

Any association whose principal place of business is located in Pennsylvania may maintain as a branch any office which it acquires from the secretary, or public body of the United States, as receiver, in conjunction with an assumption of deposit liabilities of a closed association whether in connection with a purchase of assets, through a merger or consolidation or otherwise, without regard to the location of the principal place of business of the acquiring association.