SS/SCS/SB 97 - This act modifies provisions relating to certain banks and trust companies. ARTICLES OF AGREEMENT (Section 362.020) The act allows the articles of agreement for any bank or trust company to provide for the issuance of additional shares of capital stock or other classes of stock pursuant to the same procedures and conditions as provided under current law, provided that such terms and procedures are acceptable to the Director of Finance and provided that any notice or other approval required to be given or obtained from the State of Missouri shall be given or obtained from the Director of the Division of Finance. These provisions are identical to certain provisions in the truly agreed to SS/SCS/SB 98 (2025), the truly agreed to SS/SCS/HB 754 (2025), and the perfected HB 707 (2025). BOARD MEETINGS (Section 362.247 and 362.275) The act allows directors to attend board meetings by phone or video unless otherwise specifically prohibited by law or by a memorandum of understanding entered into with the Director of Finances related to bank safety and soundness. Additionally, a requirement that a fourth list required to be presented at board meetings related to tracking loans to directors, officers, and employees is repealed. These provisions are identical to certain provisions in the truly agreed to SS/SCS/SB 98 (2025), the truly agreed to SS/SCS/HB 754 (2025), and the perfected HB 707 (2025). PUBLICATION OF FINANCIAL REPORTS (Section 362.295) A provision requiring certain financial reports of a bank or trust company to be published in a newspaper is repealed and a provision is created in its place requiring a bank or trust company to provide a paper or electronic copy of any regular periodic report required to be filed with the Director of Finance to each customer that requests it. These provisions are identical to certain provisions in the truly agreed to SS/SCS/SB 98 (2025), the truly agreed to SS/SCS/HB 754 (2025), and the perfected HB 707 (2025). TRUSTED CONTACTS (Sections 362.424 and 370.245) This act allows any bank, as that term is defined in the act, and any credit union to report suspected fraudulent activity or financial exploitation targeting any of its customers or members to a federal, state, county, or municipal law enforcement agency or any appropriate public protective agency and shall be immune from civil liability in doing so. Banks and credit unions are additionally allowed to offer a trusted contact program to its customers and members who desire to designate one or more trusted contacts for the bank to contact under certain circumstances delineated in the act. The trusted contact program is subject to restrictions as described in the act. A bank or credit union shall not be liable for the actions of a trusted contact and shall not be civilly liable for implementing or not implementing a trusted contact program or for actions or omissions related to providing or administering a trusted contact program. A person designated as a trusted contact who acts in good faith and exercises reasonable care shall be immune from liability. These provisions are identical to certain provisions in the truly agreed to SS/SCS/SB 98 (2025), the truly agreed to SS/SCS/HB 754 (2025), SB 99 (2025), and HB 1049 (2025) and substantially similar to HB 229 (2025) and the perfected HB 707 (2025). SINGLE BANK POOLED COLLATERAL (Section 362.490) This act creates an alternative for banking institutions serving as depositaries for public funds to secure their deposits in lieu of the method provided by current law, known as the "single bank pooled method". This method allows a banking institution to secure the deposit of public funds of one or more government entities through a pool of eligible securities held in custody and safe-keeping with one or more other banking institutions or safe depositaries, to be held subject to the order of the Director of the Division of Finance or an administrator, appointed as provided in the act, for the benefit of the government entities having public funds deposited with such banking institution. The act prohibits the use of the single bank pooled method absent the appointment of an administrator for that purpose, as provided in the act. Furthermore, the administrator may be required to post a surety bond in an amount up to $100,000. The administrator of the single bank pooled method may establish such procedures and reporting requirements as necessary for depository banking institutions and their safe keeping banks or depositaries to confirm the amount of insured public fund deposits, the pledge of securities to the administrator to secure the deposit of public funds, as agent for each participating banking institution, and to monitor the market value of pledged securities as reported by the custody agents, and to add, substitute or remove securities held in the single bank pool as directed by the depository banking institution. In the event of the failure and insolvency of a banking institution using the single bank pooled method, subject to any order of the director, the administrator shall direct the safe keeping banks or depositaries to sell the pledged securities and direct proceeds to the payment of the uninsured public fund deposits or to transfer the pledged securities to that banking institution's primary supervisory agency or the duly appointed receiver for the banking institution to be liquidated to pay out the uninsured public fund deposits. These provisions are identical to certain provisions in the truly agreed to SS/SCS/SB 98 (2025), the truly agreed to SS/SCS/HB 754 (2025), SB 657 (2025), HB 1313 (2025), and the perfected HB 707 (2025). COMMERCIAL FINANCING DISCLOSURE LAW (Section 427.300) Current law contains various exemptions from the Commercial Financing Disclosure Law. This act adds commercial financing products that are premium finance agreements, as defined in current law, offered or entered into by a provider that is a registered premium finance company to that list. This provision is identical to certain provisions in the truly agreed to SS/SCS/SB 98 (2025), the truly agreed to SS/SCS/HB 754 (2025), and a provision in the perfected HB 707 (2025). DORMANT ACCOUNTS (Section 447.200) The act repeals a provision of law relating to dormant accounts that requires certain financial institutions to notify the account holder of such dormancy. These provisions are identical to certain provisions in the truly agreed to SS/SCS/SB 98 (2025), the truly agreed to SS/SCS/HB 754 (2025), and a provision in the perfected HB 707 (2025). SCOTT SVAGERA HA 1 - CHANGES TITLE OF ACT TO "FINANCIAL TRANSACTIONS". HA 2 - ADDS A PROVISION IDENTICAL TO SB 478 MODIFYING PROVISIONS RELATING TO THE TIMING OF SERVICE AGREEMENTS BETWEEN DESIGNATED REAL ESTATE BROKERS AND BUYERS OR TENANTS. HA 3 - ADDS A PROVISION IDENTICAL TO SB 399 RELATING TO A TAX CREDIT FOR NEIGHBORHOOD ASSISTANCE PROGRAMS.