| 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
|
|
| |
|
|
