This article sets forth the conditions under which a company may acquire an Alabama bank or an Alabama bank holding company or an Alabama bank holding company may acquire an out-of-state bank or bank holding company. This article is intended not to discriminate against out-of-state bank holding companies or against foreign bank holding companies in any manner that would violate Section 3(d) of the Bank Holding Company Act, as amended effective September 29, 1995, by Section 101 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, Public Law No. 103-328.
Structure Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 13B - Interstate and International Bank Acquisitions, Mergers and Branching.
Article 1 - Acquisitions of Banks by Bank Holding Companies.
Section 5-13B-1 - Short Title.
Section 5-13B-2 - Definitions.
Section 5-13B-3 - Scope of Article and Statement of Legislative Intent.
Section 5-13B-4 - Permitted Acquisitions.
Section 5-13B-5 - Required Application.
Section 5-13B-6 - Standards for Approval.
Section 5-13B-7 - Procedures Relating to Applications.
Section 5-13B-8 - Reports; Examinations.
Section 5-13B-9 - Agency Activities.
Section 5-13B-11 - Authority to Issue Regulations; Cooperative Agreements; Fees.