If the Bank Commissioner determines that a branch maintained by an out-of-state state-chartered bank in Arkansas is being operated in violation of any provision of the laws of Arkansas, or that the branch is being operated in an unsafe or unsound manner, the commissioner shall have the authority to take all such enforcement actions as he or she would be empowered to take if the branch were a state bank, provided, that the commissioner shall promptly give notice to the home-state regulator of each enforcement action taken against an out-of-state state-chartered bank and, to the extent practicable, shall consult and cooperate with the home-state regulator in pursuing and resolving the enforcement action.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 2 - Financial Institutions And Securities
Chapter 48 - Organization and Operation
Subchapter 9 - Interstate Bank Mergers and Branching
§ 23-48-902. Authority of state banks to establish interstate branches by merger
§ 23-48-903. Interstate merger transactions and branching permitted
§ 23-48-905. Notice and filing requirements
§ 23-48-906. Powers — Additional branches
§ 23-48-907. Examinations — Periodic reports — Cooperative agreements — Fees