§ 13-2-808 — Enforcement

Wyoming § 13-2-808

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

Text

The commissioner may take joint enforcement actions with any
other bank supervisory agency having concurrent jurisdiction
over any branch in Wyoming of an out-of-state bank or any branch
of a Wyoming state bank in any host state or may take such
action independently if the commissioner deems the actions to be
necessary or appropriate to carry out his responsibilities under
this article or to ensure compliance with the laws of this
state. In the case of an out-of-state state bank, the
commissioner shall recognize the exclusive authority of the home
state supervisor over corporate governance matters and the
primary responsibility of the home state supervisor with respect
to safety and soundness matters. If the commissioner determines
that a branch maintained by an out-of-state state bank in this
state, or a branch of a Wyoming bank operating in another state,
is being operated in violation of any provision of the laws of
this state, or that the branch is being operated in an unsafe
and unsound manner, the commissioner shall have the authority to
take all the enforcement actions as he would be empowered to
take if the branch were a Wyoming state bank; provided, that the
commissioner shall promptly give notice to the home state
supervisor or host state supervisor, as applicable, of each
enforcement action taken against an out-of-state bank and, to
the extent practicable, shall consult and cooperate with the
home state supervisor in pursuing and resolving the enforcement
action.