Under the terms of the Riegle-Neal Interstate Banking Act an individual state can block interstate branching, but not interstate acquisitions of banks by bank holding companies.

Question

Quizplus · Accepted Answer

The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 allows interstate acquisitions of banks by bank holding companies, but it also permits states to opt out of interstate branching or to impose conditions on it, not completely block interstate acquisitions.

Under the Terms of the Riegle-Neal Interstate Banking Act an Individual