Idaho § 26-1606 DEPOSIT CONCENTRATIONS

Idaho Statutes

§ 26-1606 — DEPOSIT CONCENTRATIONS

Idaho § 26-1606

Title 26BANKS AND BANKING

Ch. 16IDAHO INTERSTATE BRANCHING ACT

This text of Idaho § 26-1606 (DEPOSIT CONCENTRATIONS) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 26-1606 (2026).

Text

(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.

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(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.