Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-48-902. Authority of state banks to establish interstate branches by merger

(a) With the prior approval of the State Banking Board and the Bank Commissioner, a state bank may establish, maintain, and operate one (1) or more branches in one (1) or more states other than Arkansas pursuant to an interstate merger transaction in which the state bank is the resulting bank.

(b) Not later than the date on which the required application for the interstate merger transaction is filed with the responsible federal bank supervisory agency, the applicant state bank shall file an application on a form prescribed by the commissioner and pay the fee prescribed by § 23-46-404. The applicant shall also comply with the applicable provisions of § 23-48-501 et seq.