Mortgage player Wachovia sues over state regulations - 2003-08-27
Wachovia Corp. is suing Connecticut's bank commissioner, fighting the state's claim to regulate state-chartered operations of national banks. Wachovia argues that more lenient federal regulations should apply, Reuters reports.

Thirty-five state attorneys general and 43 state banking commissioners support Connecticut's jurisdiction. Calling the issue one of "great national significance," they contend in a court filing that Wachovia Mortgage Corp. doesn't deserve blanket immunity from state regulation.
Read the full story at Charlotte Business Journal

Pennsylvania bank acquires Resource Bankshares - 2003-08-27
Resource Bankshares, a banking and mortgage company based in Virginia Beach that has a branch in Herndon, is being acquired by Lancaster, Pa.-based Fulton Financial Corp. The stock swap deal is worth about $196 million.

Fulton Financial, which operates almost 200 branches throughout Pennsylvania as well as Maryland, Delaware and New Jersey, has assets of $9.2 billion.
Read the full story at Baltimore Business Journal