A single banking organization operating in the United States can acquire no more than ____ percent of nationwide deposits.

Question

Quizplus · Accepted Answer

The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 generally prohibits a bank holding company from acquiring control of another bank if the resulting bank would control more than 10 percent of the total amount of deposits of insured depository institutions in the United States.

A Single Banking Organization Operating in the United States Can