House Sponsors: BUGIELSKI. Short description: SAVINGS BNK DIRECTORS-INVEST Synopsis of Bill as introduced: Amends the Savings Bank Act. Provides that a savings bank may establish a maximum age for directors. Requires that only a majority (now two-thirds) of the directors be residents of Illinois. Allows directors to consider the effects actions will have on customers, suppliers, and communities when considering mergers and other transactions. Removes limits on certain business, commercial, or agricultural loans and other investments. Effective immediately. FISCAL NOTE (Dpt. Financial Institutions) There would be no fiscal impact on the Department. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status