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4 states sign a cross-border supervisory pact.(state banking commissioners agree to allow state-chartered banks to branch across state lines)
American Banker
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December 14, 1995|
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COPYRIGHT 1995 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Four Middle Atlantic state banking commissioners signed a supervisory pact Wednesday that paves the way for banks they regulate to branch across state lines.
The first-of-its kind deal is intended to put state-chartered institutions on an equal footing with national banks in the new world of interstate branching.
Lately, the Office of the Comptroller of the Currency has played up the fact that national banks can go interstate and deal with only one regulator, said Maryland Banking Commissioner Margie Muller.
"We can now offer exactly the same thing," she ...
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