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Current as of January 01, 2024 | Updated by FindLaw Staff
(1) There shall be under the Idaho bank act, including this chapter and chapter 26, title 26, Idaho Code, no deposit cap or concentration limit in Idaho.
(2) The director may, by order, waive any federal deposit concentration limit that has the effect of being more limiting than subsection (1) of this section. In determining to waive the federal concentration limit, the director shall apply a standard that does not discriminate against out-of-state banks, out-of-state bank holding companies, or subsidiaries thereof, upon a finding that the waiver promotes:
(a) Availability of financial services;
(b) The marketability of Idaho banks; or
(c) Other public interest.
(3) This section is not intended to affect the applicability, if any, of federal or state antitrust laws.
Cite this article: FindLaw.com - Idaho Statutes Title 26. Banks and Banking § 26-1606. Deposit concentrations - last updated January 01, 2024 | https://codes.findlaw.com/id/title-26-banks-and-banking/id-st-sect-26-1606/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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