| SB 0886 | Bank Mergers & Interstate Bank Branching |
| Sponsor: | DEPASCO | ||
| LR Number: | S3364.01I | Fiscal Note: | 3364-01 |
| Committee: | Financial and Governmental Operations | ||
| Last Action: | 02/12/96 - Referred S Financial & Governmental Operations Committee | ||
| Title: | |||
| 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