Pennsylvania Statutes Title 7 P.S. Banks and Banking § 6020-67. Officers

(a) An association shall have a president, a secretary and a treasurer and such other officers, including a conveyancer, as it may authorize. The bylaws may provide that the same individual may hold two offices except that the president shall not hold any other office. The president shall be a member of the board of directors.

(b) Except as otherwise provided in the bylaws, the board of directors shall elect the officers, fix their compensation and fill vacancies however occurring. An officer elected or appointed by the board may be removed by the vote of the majority of the board at any time.

(c) The officers shall, as between themselves and the association, have such authority and perform such duties as may be provided in the bylaws or in the absence of a provision in the bylaws as may be provided by the board.