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Pat Quinn, Governor
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Banks and Trust Companies - Interstate Banking and Branching

CONFERENCE OF STATE BANK SUPERVISORS

Status of Interstate Branching Legislation in the States

As of July 8, 1997, 50 states, the District of Columbia and Puerto Rico have acted on interstate branching:

STATE

EFFECTIVE DATE

OPT IN

OPT OUT

ALLOWS DE NOVO

ACQUISITION OF BRANCH ONLY *

MINIMUM AGE REQUIREMENT
Alabama

5/31/97

Yes

n/a

No

No

5 year

Alaska

1/1/94

n/a

n/a

No

No

None

Arizona

8/31/96

Yes

n/a

No

No

5 year

Arkansas

5/31/97

Yes

n/a

No

No

5 year

California

10/2/95

Yes

n/a

No

No

5 year

Colorado

6/1/97

No

n/a

No

No

5 year

Connecticut

6/27/95

Yes

n/a

Reciprocal basis

Yes

5 year

Delaware

9/29/95

Yes

n/a

No

No

5 year

District of Columbia

6/13/96

Yes

n/a

Reciprocal basis

Reciprocal basis

2 year

Florida

5/31/97

Yes

n/a

No

No

3 year

Georgia

6/1/97

Yes

n/a

No

No

5 year

Hawaii

6/1/97

Yes

n/a

No

No

5 year

Idaho

7/1/95

Yes

n/a

No

No

5 year

Illinois

6/1/97

Yes

n/a

No

No

5 year

Indiana

3/15/96

Yes

n/a

Reciprocal basis

Yes

None

Kansas

6/1/97

No

n/a

No

No

5 year

Kentucky

6/1/97

Yes

n/a

No

No

5 year

Louisiana

6/1/97

No2

n/a

No

No

5 year

Maine

1/1/97

Yes

n/a

Reciprocal basis

Yes

None

Maryland

9/29/95

Yes

n/a

Reciprocal basis until 6/1/97, then unrestricted

Yes

None

Massachusetts

8/2/96

Yes

n/a

Reciprocal basis

Yes

3 year

Michigan

11/29/95

Yes

n/a

Reciprocal basis

Yes

None

Minnesota

6/1/97

Yes

n/a

No

No

5 year

Mississippi

5/1/97

Yes

n/a

No

No

5 year

Missouri

6/1/97

No2

n/a

No

No

5 year

Montana

3/21/97

N/a

Yes

N/a

n/a

n/a

Nebraska

5/31/97

Yes

n/a

No

No

5 year

Nevada

9/28/95

Yes

n/a

In counties with less than 100,000

In counties with less than 100,000

5 year

New Hampshire

6/1/97

Yes

n/a

No

No

5 year

New Jersey

4/17/96

Yes

n/a

No

Reciprocal basis

None

New Mexico

6/1/96

Yes

n/a

No

No

5 year

New York

2/6/96

Yes

n/a

No

Yes

None

North Carolina

6/22/95

Yes

n/a

Reciprocal basis

Yes

None

North Dakota

5/31/97

Yes

n/a

No

No

None

Ohio  

Yes

n/a

Yes

Yes

5 years

Oklahoma

5/31/97

Yes

n/a

No

No

5 year

Oregon

2/27/95

Yes

n/a

No

Yes

3 year

Pennsylvania

7/6/95

Yes

n/a

Reciprocal basis

Reciprocal basis

None

Puerto Rico

9/29/95

Yes

n/a

Yes

Yes

None

Rhode Island

6/20/95

Yes

n/a

Reciprocal basis

Yes

None

South Carolina

7/1/96

Yes

n/a

No

No

5 year

South Dakota

7/1/96

Yes

n/a

No

No

5 year

Tennessee

6/1/97

Yes

n/a

No

No

5 year

Texas

8/28/95

n/a

Yes

n/a

n/a

n/a

Utah

6/1/95

Yes

n/a

No

Yes

5 year

Vermont

5/30/96

Yes

n/a

No

Yes

5 Year

Virginia

7/1/95

Yes

n/a

Reciprocal Basis

Yes

None

Washington

6/6/96

Yes

n/a

No

No

5 year

West Virginia

5/31/97

Yes

n/a

Reciprocal basis

Reciprocal basis

None

Wisconsin

6/1/97

Yes

n/a

No

No

5 year

Wyoming

5/31/97

Yes

n/a

No

No

3 year

 

 

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