Under the terms of the 1994 Riegle-Neal Interstate Banking and Branching Efficiency Act,adequately capitalized and managed bank holding companies can acquire a bank anywhere inside the United States.

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The 1994 Riegle-Neal Interstate Banking and Branching Efficiency Act allows adequately capitalized and managed bank holding companies to acquire a bank anywhere inside the United States, which means that the statement is true.

Under the Terms of the 1994 Riegle-Neal Interstate Banking and Branching