The Dodd-Frank Act Will Open All States To Interstate De Novo Branching

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One section, covering half a page in the 2,300 page Conference Committee Report for the Dodd-Frank Wall Street Reform and Consumer Protection Act, will remove the key political compromise of the 1994 Riegle-Neal Interstate Banking and Branching Efficiency Act. Section 613 will allow national or state banks from any state to branch into any other state as if they were chartered in that state.

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Topics:  De Novo Branching, Dodd-Frank

Published In: Consumer Protection Updates, Finance & Banking Updates, Mergers & Acquisitions Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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