Sec. 203.004. LIMITATION ON CONTROL OF DEPOSITS. (a) An interstate merger transaction is not permitted if, on consummation of the transaction, the resulting bank, including all depository institution affiliates of the resulting bank, would control 20 percent or more of the total amount of deposits in this state held by all depository institutions in this state.
(b) The commissioner may request and the applicant shall provide supplemental information to the commissioner to aid in a determination under this section, including information that is more current than or in addition to information in the most recently available summary of deposits, reports of condition, or similar reports filed with or produced by state or federal authorities.
Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle G - Bank Holding Companies; Interstate Bank Operations
Chapter 203 - Interstate Bank Mergers and Branching
Section 203.001. Interstate Branching by Texas State Banks
Section 203.002. Conditions for Entry by De Novo Branching
Section 203.003. Entry by Interstate Merger Transaction
Section 203.004. Limitation on Control of Deposits