|SB 0886||Bank Mergers & Interstate Bank Branching|
|LR Number:||S3364.01I||Fiscal Note:||3364-01|
|Committee:||Financial and Governmental Operations|
|Last Action:||02/12/96 - Referred S Financial & Governmental Operations Committee|
|Effective Date:||August 28, 1996|
SB 886 - 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