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
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Current Bill Summary

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.