No
state-chartered bank in the country converted to a national charter in 2015.
Written broadly and interpreted broadly by the courts, the exemption says government officials don't have to release information "contained in or related to examination, operating, or condition reports prepared by, on behalf of, or for the use of an agency responsible for the regulation or supervision of financial institutions." This includes records kept by the Office of Thrift Supervision (OTS), which has replaced the Federal Home Loan Bank Board in regulating thrifts; the Comptroller of the Currency, which regulates nationally-chartered banks; the Federal Reserve, which regulates key
state-chartered banks; and the Federal Deposit Insurance Corporation (FDIC), which regulates the
state-chartered banks that don't belong to the Reserve.
The division examines the
state-chartered banks throughout South Dakota.
In 2007, the only
state-chartered banks to open new offices in Benton or Washington county were Bank of the Ozarks of Little Rock and First State Bank of Lonoke.
All the bills provide that interstate branches of
state-chartered banks may not engage in any activities in the host state that are not permitted for banks chartered by the host state.
Bill Clinton appointed him to replace Marlin Jackson as commissioner of
state-chartered banks in Arkansas.
It also was requested to declare that Independence Bank, if acquired by the applicant, would not engage in nonbanking activities prohibited to bank holding companies and national banks by federal law but permitted to
state-chartered banks by California law, such as real estate investment and development.
There are currently 130
state-chartered banks, but that number is expected to be reduced by one later this year.
The activities of national banks are determined by the Comptroller of the Currency under the provisions of the National Bank Act, and the activities of
state-chartered banks are determined by the state banking laws under the supervision of the state banking commissioner.
FULLY 10 PERCENT OF the 142
state-chartered banks in Arkansas have problems sufficient to warrant special regulatory attention, according to the State Bank Department's chief bank examiner, Julian Rainey.
Back in September, the State Bank Department had classified 12
state-chartered banks as problematic and requiring a higher degree of regulatory monitoring.
THE LOSS OF DOZENS OF
state-chartered banks has finally caught up with the Arkansas State Bank Department.