Idaho Code 26-1814 – Acquisitions
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All acquisitions shall be approved in advance in writing by the director.
(1) A mutual or stock savings bank may acquire, as defined by section 26-2605, Idaho Code, a savings bank organized in the same form.
Terms Used In Idaho Code 26-1814
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories; and the words "United States" may include the District of Columbia and territories. See Idaho Code 73-114
(2) A stock savings bank may acquire or be acquired by either a state or national bank with the state or national bank being the surviving bank.
(3) A mutual savings bank may acquire or be acquired by a credit union, with the mutual savings bank being the surviving entity.
(4) A stock savings bank may acquire or be acquired by a national or state bank with the national or state bank being the surviving entity.