First Trust Savings Bank v. Commonwealth

PALLADINO, Judge.

First Trust Savings Bank (Petitioner) filed in our original jurisdiction a petition for review in the nature of a) a declaratory judgment and b) an injunction challenging the constitutionality of certain amendments to the Mutual Thrift Institutions Tax Act (MTITA).1 Petitioner seeks summary relief pursuant to Pa.R.A.P. 1532(b).2

The pertinent facts3 are as follows. Petitioner is a state-chartered savings bank and is successor in interest to First Federal Savings and Loan of Pennsylvania. In 1987, as a result of the supreme court’s decision in First Federal Savings and Loan of…