Section 5-13B-20 Purpose. It is the express intent of this article to permit interstate branching by merger under Section 102 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, Public Law No. 103-328, in accordance with the provisions set forth in this article. (Acts 1995, No. 95-115, p. 134, §12.)
Section 5-13B-21 Definitions. As used in this article, unless a different meaning is required by the context, the following words and phrases shall have the following meanings: (a) “Alabama bank” means a bank whose home state is Alabama. (b) “Alabama state bank” means a bank chartered under the laws of Alabama. (c) “Bank” has the […]
Section 5-13B-22 Establishment of interstate branches by acquisition or merger; branching. With the prior approval of the superintendent, an Alabama state bank may establish, maintain, and operate one or more branches in a state other than Alabama or a foreign country on a de novo basis, by acquisition of a branch, or pursuant to an […]
Section 5-13B-23 Interstate merger transactions and branching; operation of branches. (a) One or more Alabama state banks may enter into an interstate merger transaction with one or more out-of-state banks under this article, and an out-of-state bank resulting from such transaction may maintain and operate the branches in Alabama of an Alabama state bank that […]
Section 5-13B-24 Notice and filing requirements. Any out-of-state bank that will be the resulting bank pursuant to an interstate merger transaction involving an Alabama state bank shall notify the superintendent of the proposed merger not later than the date on which it files an application for an interstate merger transaction with the responsible federal bank […]
Section 5-13B-25 Powers. (a) An out-of-state state bank which establishes and maintains one or more branches in Alabama under this article may conduct any activities at such branch or branches that are authorized under the laws of this state for Alabama state banks. (b) An Alabama state bank may conduct any activities at any branch […]
Section 5-13B-26 Examinations; periodic reports; cooperative agreements; assessment of fees. (a) To the extent consistent with subsection (c), the superintendent may make such examinations of any branch established and maintained in this state pursuant to this article by an out-of-state state bank as the superintendent may deem necessary to determine whether the branch is being […]
Section 5-13B-27 Enforcement. If the superintendent determines that a branch maintained by an out-of-state state bank in this state is being operated in violation of any provision of the laws of this state, or that such branch is being operated in an unsafe and unsound manner, the superintendent shall have the authority to take all […]
Section 5-13B-28 Regulations. The superintendent may promulgate such regulations as he or she determines to be necessary or appropriate in order to implement the provisions of this article. (Acts 1995, No. 95-115, p. 134, §20.)
Section 5-13B-29 Notice of subsequent merger, etc. Each out-of-state state bank that has established and maintains a branch in this state pursuant to this article, or the home state regulator of such bank, shall give at least 30 days’ prior written notice to the superintendent, or, in the case of an emergency transaction, such shorter […]
