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.

Question

Quizplus · Accepted Answer

These laws are commonly referred to as nationwide laws as they allow for banks to acquire targets in any state, regardless of whether the acquirer's home state has similar acquisition powers.

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