Arizona Revised Statutes Title 6. Banks and Financial Institutions § 6-328. Deposit concentration limits

A. Neither an out-of-state financial institution nor an in-state financial institution shall acquire another out-of-state financial institution or in-state financial institution if either of the following conditions exist:

B. Subsection A of this section does not apply to any interstate acquisition involving only already affiliated entities.

C. The deputy director, by order and on findings of fact and conclusions of law, may waive the deposit concentration limit prescribed by subsection A of this section. In determining whether to waive the deposit concentration limit, the deputy director shall not discriminate against out-of-state financial institutions and shall not grant a waiver unless the deputy director finds that the waiver will promote any of the following: