Nebraska § 8-1602 Formation of bankers bank; requirements

Nebraska Statutes

§ 8-1602 — Formation of bankers bank; requirements

Nebraska § 8-1602

Ch. 8Banks and Banking

This text of Nebraska § 8-1602 (Formation of bankers bank; requirements) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 8-1602 (2026).

Text

A bankers bank may be formed with the approval of the department and subject to requirements and procedures for the issuance of a new bank charter or the transfer of an existing bank charter as provided in the Nebraska Banking Act. A bankers bank shall be a bank which is:

(1)Insured by the Federal Deposit Insurance Corporation;

(2)Owned substantially by other Nebraska banks, bank holding companies, foreign bank holding companies, or a combination of such entities; and

(3)Directly and through all its subsidiaries engaged exclusively in providing services for other banks and their officers, directors, and employees.

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A bankers bank may be formed with the approval of the department and subject to requirements and procedures for the issuance of a new bank charter or the transfer of an existing bank charter as provided in the Nebraska Banking Act. A bankers bank shall be a bank which is:
(1) Insured by the Federal Deposit Insurance Corporation;
(2) Owned substantially by other Nebraska banks, bank holding companies, foreign bank holding companies, or a combination of such entities; and
(3) Directly and through all its subsidiaries engaged exclusively in providing services for other banks and their officers, directors, and employees.

Legislative History

Source: Laws 1986, LB 1123, § 2; Laws 1998, LB 1321, § 72; Laws 1999, LB 396, § 16; Laws 2006, LB 876, § 22. Cross References: Nebraska Banking Act, see section 8-101.02.