§ 13-2-804 — Interstate merger transactions and branching permitted

Wyoming § 13-2-804

• Jurisdiction: Wyoming
• Title 13: Banks, Banking and Finance
• Ch. 2: ORGANIZATION OF BANKS
• Art. 8: INTERSTATE BRANCHING AND BANK MERGERS

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(a) One (1) or more Wyoming banks may enter into an
interstate merger transaction with one (1) or more out-of-state
banks under this article, and an out-of-state bank resulting
from the transaction may maintain and operate the branches in
Wyoming of a Wyoming bank that participated in the transaction,
provided that the conditions and filing requirements of this
article are met.
(b) An interstate merger transaction shall not be
permitted under this article, if, upon consummation of the
transaction, the resulting bank, including all insured
depository institutions that would be affiliates, would control
thirty percent (30%) or more of the total amount of deposits
held by all insured depository institutions in this state.
Nothing in this subsection prohibits an out-of-state bank from
merging with a Wyoming bank which, prior to the merger, controls
thirty percent (30%) or more of the total amount of deposits
held by all insured depository institutions in this state, if
the out-of-state bank has not maintained a branch bank in
Wyoming prior to the merger.
(c) Repealed By Laws 2013, Ch. 24, § 2.