Interstate banking regulations presently allow commercial banks to acquire other banks in their region of the country, but not to expand across the nation.

Question

Quizplus · Accepted Answer

Interstate banking regulations in the United States have evolved, particularly with the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, which allows commercial banks to acquire banks in other states, effectively permitting nationwide banking.

Interstate Banking Regulations Presently Allow Commercial Banks to Acquire Other