SB 0456 Out-of-state banks in Missouri cannot merge with another bank for the first five years
LR Number:S2026.02P Fiscal Note:2026-02
Committee:Financial and Governmental Organization
Last Action:04/21/99 - Reported Do Pass H Banks & Financial Institutions Journal page:H1414
Effective Date:Emergency Clause
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Current Bill Summary

SB 456 - This act requires any state bank, trust company or national bank which is in existence in another state but is relocated to Missouri to calculate the age of its bank charter as of the date the charter is moved to Missouri. That charter must be at least five years old before the bank or trust company is permitted to engage in an interstate acquisition or merger if the result is the merger or relocation to another state with Missouri branches remaining.

The act contains a severability clause and an emergency clause.