Arizona § 6-328 Deposit concentration limits

Arizona Statutes

§ 6-328 — Deposit concentration limits

Arizona § 6-328

Title 6Arizona Revised Statutes

Ch. 2BANK ORGANIZATION AND REGULATION

Art. 7Arizona Interstate Bank and Savings and Loan Association Act

This text of Arizona § 6-328 (Deposit concentration limits) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 6-328 (2026).

Text

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:

1.The resulting out-of-state financial institution, in-state financial institution or affiliation would control thirty percent or more of the bank deposits held in this state.

2.One of the out-of-state financial institutions or in-state financial institutions in the acquisition already controls thirty percent or more of the bank deposits held in this state.

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

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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:

1. The resulting out-of-state financial institution, in-state financial institution or affiliation would control thirty percent or more of the bank deposits held in this state.

2. One of the out-of-state financial institutions or in-state financial institutions in the acquisition already controls thirty percent or more of the bank deposits held in this state.

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:

1. The availability of financial services.

2. The marketability of in-state financial institutions.

3. Another public interest.