These interstate banking laws allowed an out-of-state bank to acquire an in-state target bank even if the acquirer's home state did not give banks from the target's state similar acquisition powers.
A)Nationwide laws.
B)Nationwide reciprocal arrangements.
C)Regional reciprocal arrangements.
D)Federal banking mandates.
E)None of the options.

Question

Quizplus · Accepted Answer

The option "Nationwide laws" is the closest fit as it describes the interstate banking laws that allowed an out-of-state bank to acquire an in-state target bank regardless of the acquirer's home state. The option "Nationwide reciprocal arrangements" is not entirely accurate as reciprocity is not necessarily a requirement for interstate banking laws. The option "Regional reciprocal arrangements" is too narrow as it only pertains to certain regions. The option "Federal banking mandates" is too broad as it could refer to any type of federal regulation on banking. The option "None of the options" is not applicable in this case as there is a clear answer.

These Interstate Banking Laws Allowed an Out-Of-State Bank to Acquire