Idaho § 26-1814 ACQUISITIONS

Idaho Statutes

§ 26-1814 — ACQUISITIONS

Idaho·Title 26 BANKS AND BANKING·Ch. 18 SAVINGS BANKS

All acquisitions shall be approved in advance in writing by the director.

(1)A mutual or stock savings bank may acquire, as defined by section 26-2605, Idaho Code, a savings bank organized in the same form.

(2)A stock savings bank may acquire or be acquired by either a state or national bank with the state or national bank being the surviving bank.

(3)A mutual savings bank may acquire or be acquired by a credit union, with the mutual savings bank being the surviving entity.

(4)A stock savings bank may acquire or be acquired by a national or state bank with the national or state bank being the surviving entity.

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All acquisitions shall be approved in advance in writing by the director.
(1) A mutual or stock savings bank may acquire, as defined by section 26-2605, Idaho Code, a savings bank organized in the same form.
(2) A stock savings bank may acquire or be acquired by either a state or national bank with the state or national bank being the surviving bank.
(3) A mutual savings bank may acquire or be acquired by a credit union, with the mutual savings bank being the surviving entity.
(4) A stock savings bank may acquire or be acquired by a national or state bank with the national or state bank being the surviving entity.

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