SB 0422 Bank Merger Transactions
Committee:FINALR Number:S1521.01I
Last Action:02/27/95 - Hearing Conducted S Financial & Governmental Operations Committee
Effective Date:August 28, 1995
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Current Bill Summary

SB 422 - This act provides that a bank organized under Missouri law or a national bank whose home state is Missouri may merge with an out-of-state bank in accordance with Section 44 of the Federal Deposit Insurance Act.

An out-of-state bank may not acquire a branch of a bank organized under the laws of Missouri or a national bank whose home state is Missouri, without acquiring the bank. RONALD J. LEONE